We wrote about the HSB fully-reinsured EPLI product in our December EPLI Market Survey. We call it a ‘private label’ product as it is developed, serviced, and continually enhanced by HSB but provided by specific insurers. This product has been an important coverage offering for carriers that may wish to take a more turn-key approach to the complex EPLI line.
HSB notes that the product uses their claims adjusting services (not just guidelines) and that it has recently been made available for employers with fewer than 100 (previously 50) employees. By referral, the product may be available for employers with up to 500 employees.