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Factors Influencing EPLI Insurance Costs

The cost of EPLI insurance varies based on several factors, including the size of your business, the number of employees, and your industry. Companies in industries with higher risks of employee claims, such as hospitality or healthcare, might face higher premiums. Additionally, your company's history of employment practices claims can impact the cost. Implementing robust HR policies and training programs can help mitigate risks and potentially lower your premiums.