Staffing agencies master EPLI insurance renewal secrets instantly

Financial Implications and Cost-Saving Opportunities

The cost of EPLI can vary significantly based on factors such as the size of the agency, the number of employees, and the claims history. Staffing agencies often benefit from economies of scale, allowing them to negotiate better rates. Additionally, by implementing robust risk management practices, they can further reduce premiums over time.

For example, agencies that invest in employee training programs to prevent workplace violations may qualify for discounts on their EPLI policies. These cost-saving measures not only enhance the agency's bottom line but also provide added value to their clients.