Secure Fintech Futures with Exclusive EPLI Bundle
Real-World Implications and Data
According to a report by the Equal Employment Opportunity Commission (EEOC), businesses in the U.S. paid over $500 million in 2020 alone to resolve employment-related claims1. For fintech companies, which often operate with lean teams and innovative business models, the financial impact of such claims can be devastating. Moreover, a study by the Ponemon Institute found that the average cost of a data breach in 2021 was $4.24 million, underscoring the importance of comprehensive insurance solutions2.
Exploring Your EPLI Bundle Options
When searching for the right EPLI bundle, it’s crucial to consider the specific risks associated with your fintech operations. Some insurers offer tailored packages that include risk assessment services to help identify potential vulnerabilities in your employment practices. Additionally, many providers offer flexible payment plans and discounts for bundling multiple policies, which can be an attractive option for startups and smaller firms looking to optimize their insurance spend.