Ecommerce Teams Get Instant EPLI Quote Deals Now
Exploring the Cost and Coverage Options
EPLI policies vary widely in terms of coverage and cost, depending on several factors including the size of the business, the number of employees, and the specific risks associated with the industry. For ecommerce businesses, premiums can range from a few hundred to several thousand dollars annually. It's crucial to understand the specific coverage limits, exclusions, and deductibles associated with your policy. By obtaining instant quotes, you can easily compare these aspects across multiple insurers and make an informed decision.
Real-World Examples of EPLI Claims
To illustrate the importance of EPLI, consider a scenario where an ecommerce company faces a lawsuit from a former employee alleging wrongful termination. Without EPLI, the legal costs and potential settlement could severely impact the company's finances. However, with adequate EPLI coverage, the business can mitigate these costs and focus on its core operations. According to the Equal Employment Opportunity Commission (EEOC), employment-related claims have resulted in millions of dollars in settlements and judgments annually1.