Private Schools Can Secure EPLI Insurance High Limits
Financial Considerations and Cost Factors
The cost of EPLI insurance for private schools varies based on several factors, including the size of the institution, the number of employees, and the school's claims history. Typically, premiums for high-limit EPLI policies range from $500 to $1,500 per employee annually1. While this might seem like a significant investment, the potential savings from avoiding costly litigation can far outweigh the initial expense. Schools should also consider the deductibles and coverage limits when comparing policies, as these can significantly impact the overall cost-effectiveness of the insurance.