What it does
EP 01 33 amends how the insured's consent to settle a claim works under the ISO EPL coverage form, as described in the endorsement. Settlement consent terms decide what happens when the insurer recommends a settlement and the employer wants to keep fighting a claim.
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
Employers that want more control over settlement of employment claims, or carriers that adjust the consent provision for a class.
Quoting and selling notes
- Explain what the insured owes if it refuses a recommended settlement under the amended terms.
- Compare with carriers' "hammer" clauses on proprietary EPL forms.
- Forms lists show the 09 07 edition.
