Fintech's Secret EPLI Insurance Goldmine Revealed Today
The Financial Implications of EPLI Insurance
For fintech companies, the financial implications of not having EPLI insurance can be significant. According to the Equal Employment Opportunity Commission (EEOC), the average cost of settling an employment-related lawsuit is around $125,0001. Without EPLI, these costs can severely impact a company's financial stability. However, by investing in EPLI insurance, fintech firms can mitigate these risks, ensuring that they are protected against potential legal expenses and settlements.