Uncover Roofing Contractors' Secret to Affordable EPLI Coverage

Secrets to Affordable EPLI Coverage

Securing affordable EPLI coverage doesn't have to be elusive. Here are some strategies that roofing contractors can use to lower their insurance costs:

• Implement Strong HR Policies: Establish clear, documented HR policies that include anti-discrimination and harassment training. This not only reduces the risk of claims but also demonstrates to insurers that your business takes employee relations seriously, potentially lowering your premiums.
• Maintain Accurate Records: Keep detailed records of employee interactions, performance reviews, and any disciplinary actions. This documentation can be invaluable in defending against claims and may help reduce your insurance costs.
• Shop Around: Don’t settle for the first quote you receive. Browse options from multiple insurers to compare coverage and pricing. Some companies may offer discounts for businesses in specific industries or those that have never had a claim.
• Bundle Policies: Consider bundling your EPLI with other business insurance policies. Many insurers offer discounts for purchasing multiple types of coverage, which can lead to significant savings.