What it does
EP 01 13 amends Who Is An Insured so that a person serving as an outside director, trustee, officer or member of another organization can be an insured for employment-practices claims arising from that service, as described in the endorsement.
It is an endorsement of ISO's stand-alone Employment-Related Practices Liability program and modifies the EPL coverage form (EP 00 01, or EP 00 02 where separate defense and indemnity limits are used). Forms lists show it available in most states, with state-specific versions where noted.
Who needs it
Businesses whose executives sit on boards of affiliated entities, trade associations or nonprofits.
Quoting and selling notes
- Ask which outside organizations executives serve and whether those organizations carry their own EPL or D&O.
- Coordinate with any outside-directorship coverage in the client's D&O program.
- Confirm how the endorsement schedules the organizations or individuals.
