Maximize Savings on EPLI Insurance High Deductibles Now
The Financial Benefits of High Deductibles
High deductible EPLI insurance plans can offer substantial savings on premium costs. Typically, insurance providers offer lower premiums as the deductible amount increases, which can be particularly advantageous for businesses that have robust risk management practices in place. For instance, a company with a strong human resources department and comprehensive employee training programs may find that the likelihood of claims is lower, making a high deductible plan a financially sound choice.
Consider this: by increasing your deductible from $10,000 to $50,000, you might see a reduction in your premium by up to 30%1. This kind of saving allows businesses to redirect funds towards other essential areas, such as employee development or operational enhancements.