Maximize EPLI Insurance High Limits for Senior Living

Factors Influencing EPLI Insurance Costs

Several factors influence the cost of EPLI insurance for senior living facilities. These include the size of the facility, the number of employees, past claims history, and the specific coverage limits chosen. Facilities with a history of claims or those located in regions with higher litigation rates may face higher premiums. However, many insurers offer discounts for facilities that implement comprehensive risk management programs. These programs can include employee training sessions, clear HR policies, and regular audits to ensure compliance with employment laws².