Iso Employment Practices Liability Insurance Form

The insurance services office iso offers employment related practices liability erpl coverage through the use of form ep 00 01 11 09 in which the insurer agrees to pay those sums that the.

Iso employment practices liability insurance form. The iso employment related practices liability program includes policy forms manuals and loss costs that can help you provide coverage for the gap in employment related practices exposure that many companies face. Payment of defense expense will reduce the limit of insurance and the deductible. Statistical actuarial underwriting and claims information. An example is the iso employment related practices exclusion endorsement which eliminates coverage for discrimination and other employment practices under both bodily injury and property damage liability and personal and advertising injury liability coverages.

Bp 05 89 01 06 iso properties inc 2004 page 3 of 7. For the purposes of the coverage provided by this endorsement paragraph d. The policy uses a claims made and reported trigger and specifically covers liability arising from discrimination wrongful termination sexual harassment coercion and other workplace torts. For a broad spectrum of commercial and personal lines of insurance we provide.

Since 1971 iso has been a leading source of information about property casualty insurance risk. 4 statistics that highlight the need for epli infographic april 20 2014. Employment related practices liability annual aggregate limit of insurance a. According to the risk management letter volume 18 issue 8 insurance services offices iso new employment related practices liability erpl policy provides a benchmark for the insurance industry and will secure economies of scale that will benefit insurers and their customers.

Employment practices liability insurance coverage part endorsement this endorsement provides claims made and reported coverage. The most frequent types of claims covered under such policies include. The employment related practices liability. Iso and filed in the various states for use by its member insurers.

Wrongful termination discrimination sexual harassment and retaliation. Defense expense is payable within and not in addition to the limits of insurance and is subject to the deductible. The iso erpl helps solve problems associated with designing and pricing an employment practices liability epl when the full extent of the risk is difficult to measure. Employment related practices liability erpl policy standard policy form ep 00 01 covering employment practices liability epl exposures promulgated by insurance services office inc.

Although the standard general liability form does not contain a discrimination exclusion insurers may add an exclusionary endorsement to the policy.