Maximize Savings on EPLI Insurance High Deductibles Now

Real-World Applications and Examples

Consider a mid-sized manufacturing company that decided to increase its EPLI deductible from $25,000 to $75,000. By doing so, they reduced their annual premium by approximately 35%, freeing up funds to enhance their employee wellness program. This strategic decision not only cut costs but also contributed to a more positive work environment, reducing the likelihood of future claims².

Another example involves a tech startup that leveraged a high deductible plan to invest in state-of-the-art compliance software. This investment helped streamline their HR processes and significantly lowered the risk of employment-related claims, making the high deductible an effective cost-saving measure³.

By understanding the dynamics of EPLI insurance and the potential savings from high deductibles, businesses can make informed decisions that align with their financial strategies and risk management goals. As you explore these options, remember that the key to maximizing savings lies in thoroughly assessing your needs, understanding the market offerings, and customizing your insurance plan to suit your business landscape.