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Financial Benefits of EPLI Insurance
Securing the right EPLI insurance can offer financial peace of mind by covering the costs of legal defense and settlements. These expenses can be substantial, with the average cost of defending an employment claim reaching around $125,0002. By comparing different EPLI policies, businesses can find options that not only provide adequate coverage but also fit within their budget. Some insurers offer discounts for businesses that implement comprehensive risk management programs, which can further reduce premiums.