Revolutionize Legal Protection with Expert EPLI Insurance Insights
Cost Considerations and Coverage Options
The cost of EPLI insurance varies based on several factors, including the size of the company, the industry, and the number of employees. On average, small businesses can expect to pay between $800 and $3,000 annually for a basic policy2. While this may seem like a significant expense, the potential savings from avoiding a single lawsuit can far outweigh the policy's cost.
When evaluating EPLI insurance options, it's essential to consider the specific needs of your business. Policies can be tailored to include additional coverage for third-party claims, wage and hour disputes, and more. By working with an experienced insurance broker, you can customize your policy to ensure comprehensive protection.