Get Best EPLI Insurance Rates Logistics Brokers Crave

Factors Influencing EPLI Insurance Rates

Several factors can affect the cost of EPLI insurance for logistics brokers:

1. **Company Size and Workforce Composition**: Larger companies with more employees typically face higher premiums due to increased exposure to claims.

2. **Claims History**: A history of employment-related claims can lead to higher rates, as insurers view these businesses as higher risk.

3. **Industry-Specific Risks**: The logistics industry has unique challenges, such as fluctuating employment levels and diverse work environments, which can influence rates.

4. **Risk Management Practices**: Companies with robust HR policies and employee training programs may benefit from reduced premiums, as these measures demonstrate a commitment to minimizing risks.