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Why EPLI Insurance is Vital for Remote Teams
Remote work environments can sometimes blur the lines of communication and oversight, making it challenging to maintain consistent employment practices. EPLI insurance provides a layer of protection that is crucial in today’s digital-first work environment. With the rise of remote work, there has been an increase in employment-related claims, as employees may feel isolated or disconnected, leading to misunderstandings or grievances.
Moreover, EPLI insurance helps businesses manage the financial impact of legal claims. According to the Equal Employment Opportunity Commission (EEOC), businesses in the U.S. paid over $439 million in settlements in 2021 alone1. Having EPLI coverage ensures that companies are not financially crippled by such claims, allowing them to focus on growth and innovation.