Private Schools Save Big with EPLI Quick Comparisons
Cost Benefits of EPLI
One of the primary advantages of EPLI is its cost-effectiveness. Premiums for EPLI policies are typically based on the size of the school, the number of employees, and the school's history of employment-related claims. Many insurers offer tailored policies that fit the specific needs and budgets of private schools. By investing in EPLI, schools can avoid the potentially devastating costs associated with employment lawsuits, which can average around $125,000 per case1.
How to Compare EPLI Options
When searching for the best EPLI policy, it is essential to compare options from different insurers. Consider factors such as coverage limits, exclusions, and deductible amounts. Some insurers offer additional services like risk management training and legal advice, which can further enhance the value of the policy. By conducting a thorough comparison, schools can ensure they are getting the best coverage at the most competitive rate.