Rplu 11 Chapter 5

Front 1

Epl limits liability

Back 1

Shown in the declarations most EPL have proclaim limit and aggregate limit per claim is Maxpeed for losses from a single claim aggregate is Max. For all claims. Some have separate limits for third-party or punitive

Front 2

EPL provisions to clarify limits and explain what is covered usually describe

Back 2

What is paid (claims expenses and damages)
- how much is paid – up to the per claim limit not to exceed aggregate

- what actions are covered example claims made during policy. Or ERP and reported to ensured according policy requirements

Front 3

Defense cost

Back 3

Most EPL our defense within limits provision notice in preface on declarations and in policy language. All defense cost and or claim expenses are included in and reduce the per claim and aggregate limits. Significant defense can a rude these limits leaving less than a limit of liability available to pay for a settlement or judgment

Front 4

Deductible and retention

Back 4

Small employers contain deductible large retention these terms refer to amount of loss including payments for indemnity or defense that insured must pay for a claim before ensure is obligated to pay most have proclaim deductible/retention most small employers our duty to defend so ensure provides defense of claim and ensure advances deductible. They then seek reimbursement after claim is resolved. Large companies – container attention called self-insured retention which must be met before and sure makes claim payments. Some cases these are written as Judy to pay or indemnity policies where in shored controls and peas for claims defense the insurer than reimburses employer

Front 5

While deductibles and retention serve similar purpose a self-insured retention requires insured

Back 5

To bear the cost of defense and any indemnity amounts until retention is exceeded before the insurer will pay expenses. Insured typically does not pay deductible amount until after insurance pays claim. And sure if he's clean and then bills and George for deductible amount. Retention deductible amount reflects employers willingness to handle small claims