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Cost Considerations and Financial Implications
The cost of EPLI coverage can vary widely depending on several factors, including the size of the school, the number of employees, and the school’s claims history. On average, EPLI premiums can range from $800 to $3,000 annually for small to medium-sized institutions1. However, the cost of not having EPLI can be far greater, as legal fees and settlements can quickly escalate into hundreds of thousands of dollars.