Protect Profits with EPLI Advocacy for Logistics Brokerages
Why Logistics Brokerages Need EPLI
Logistics brokerages operate in a dynamic and often high-pressure environment, where employee interactions are frequent and varied. This increases the risk of employment-related claims. For instance, an employee might allege unfair dismissal or discrimination, leading to potential legal costs and reputational damage. EPLI covers legal defense costs and any settlements or judgments, providing peace of mind and financial protection for your business.
According to a report by Hiscox, the average cost of an EPLI claim is approximately $160,0001. This figure underscores the importance of having adequate EPLI coverage to mitigate such significant expenses.