Ecommerce Risk Reduced EPLI Insurance Bundle Transforms Profit
Real-World Examples and Financial Insights
Consider a mid-sized ecommerce company that faced a discrimination lawsuit resulting in a $250,000 settlement. Without EPLI coverage, this financial burden could have severely impacted their cash flow and growth potential. However, with a comprehensive EPLI policy, the business was able to cover the settlement and associated legal fees, preserving their financial stability.
According to industry data, the average cost of defending an employment claim is around $125,000, with settlements often reaching six figures1. By investing in EPLI insurance, businesses can avoid these substantial costs. Additionally, EPLI premiums are typically a fraction of these expenses, making it a cost-effective risk management tool.