JERSEY CITY, N.J., Nov. 13, 2001 — Insurance Services Office, Inc. (ISO) has unveiled a program that combines employment-practices liability (EPL) insurance with underwriting and human resources risk-management services, so insurers can underwrite business more profitably in this fast-growing market and help their insureds reduce exposures to workplace claims.
The new program, ISO Employers AdvantageSM, offers insurers and reinsurers a portfolio of services that combine the basic ISO EPL insurance program with underwriting guidelines and risk-management services, and lowers insurers' barriers to entry into this specialty business.
ISO Employers Advantage provides risk-management services to insurers and reinsurers in business alliances with the workplace HELPLINE and Laurdan Associates, Inc., two leading consulting firms that advise employers on risk-management and human resources practices. The services help companies reduce exposures to employment-related liability claims and workplace lawsuits.
"Along with the basic EPL program of coverage forms and endorsements, manual rules, and advisory prospective loss costs that ISO introduced in 1997, insurers and reinsurers can now offer their insureds risk-management services from the workplace HELPLINE and Laurdan Associates," said Domenick J. Yezzi, Jr., ISO's vice president for specialty commercial lines.
"ISO's alliances with these risk-management firms bolster our existing EPL program, offering insurers greater flexibility and more options for customized coverages. Further, our ready-to-use program, complete with underwriting guidelines, opens the door for insurers of all sizes to a lucrative specialty market with a minimum of investment and a maximum likelihood of success," Yezzi added.
ISO unveiled ISO Employers Advantage in Dallas at ISOTech®, the premier technology conference for the property/casualty industry.
The new ISO program also provides insurers with underwriting materials, including underwriting guide, application forms, and online or telephone help with questions on applications and underwriting criteria, as well as training to underwriters and insurance agents.
The workplace HELPLINE features these services:
Laurdan Associates, Inc. offers the Employment-Labor Law Audit (ELLATM), the nation's leading human resources auditing and employment-practices risk-assessment tool, and a nationwide toll-free number for insureds, as well as:
ISO is a leading source of information, and products and services related to property and liability risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting and claims information and analyses; consulting and technical services; policy language; information about specific locations; fraud-identification tools; and data processing. In the United States and around the world, ISO serves insurers, reinsurers, agents, brokers, self-insureds, risk managers, and insurance regulators and other government agencies.
About the workplace HELPLINE
the workplace HELPLINE is a Human Resource risk-management firm that provides "Virtual HR on demand" services to the private sector, non-profit and governmental organizations nationwide. The firm's services include a toll-free Employer HELPLINE, online content including access to HR professionals, web based training, and informational updates.
About Laurdan Associates, Inc.
Laurdan Associates, Inc., a nationally recognized consulting firm specializing in human resources auditing, employment-practices risk-assessment tools, and HR consulting services, provides customized services to insurers, brokers and employers. Laurdan's HR auditing tool ELLA is the employment-practices risk-assessment tool of choice for manufacturers, service organizations, and employment-practices liability insurance carriers.