EPLI Quote Comparison Transforms Real Estate Investor Strategies
Real-World Examples and Financial Implications
Consider a scenario where a property management firm faces a discrimination lawsuit from a former employee. Without EPLI, the legal fees and potential settlement could reach hundreds of thousands of dollars, severely affecting the company's profitability. However, with the right EPLI coverage, these costs are mitigated, allowing the firm to focus on growth and expansion.
The cost of EPLI varies based on factors such as the size of your business, number of employees, and claims history. On average, small businesses might pay between $800 and $3,000 annually for coverage, while larger firms could see premiums upwards of $5,0001. By comparing quotes, you can ensure you are paying a fair price for the protection you need.