What it does
EP 03 01 adds a co-payment provision to the ISO EPL coverage form: the insured shares a percentage of covered loss, as shown in the endorsement, keeping it financially involved in claim outcomes.
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
Used by underwriters for higher-hazard classes or accounts with loss history, or offered as a price option.
Quoting and selling notes
- Express the co-payment in dollars for a realistic claim so the client understands its share.
- EP 03 02 combines a deductible with a co-payment.
- Compare against quotes with a straight retention.
