Future-proof your business with comprehensive EPLI protection bundle
Cost Considerations and Financial Benefits
The cost of EPLI coverage varies based on factors such as the size of the business, industry, and claim history. On average, small to medium-sized businesses can expect to pay between $800 and $5,000 annually for coverage2. While this might seem like a significant expense, the financial benefits of having EPLI far outweigh the costs, especially when considering the potential price of defending a lawsuit, which can easily exceed $125,0003.
Exploring EPLI Options
When considering EPLI, it's crucial to evaluate different policies and providers to find the best fit for your business needs. Some insurers offer bundled packages that include additional coverages, such as Directors and Officers (D&O) insurance, which can provide broader protection. Browsing options and comparing policies can help ensure you select a comprehensive plan that aligns with your risk management strategy.