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Factors Affecting EPLI Insurance Costs
The cost of EPLI insurance can vary widely based on several factors, including the size of your business, the industry you operate in, your claims history, and the specific coverage limits and deductibles you choose. For instance, a small business with a clean claims history might pay between $800 and $3,000 annually for a policy, while larger companies with a higher risk profile could see premiums upwards of $10,0002. It's important to work with an experienced insurance broker who can help you navigate these factors and find a policy that offers the best value for your specific needs.