Remote Workforce Employers Rejoice Free EPLI Insurance Quote
Real-World Examples and Statistics
The demand for EPLI has been steadily increasing, with reports indicating a rise in employment-related lawsuits. According to the Equal Employment Opportunity Commission (EEOC), there were over 67,000 charges of workplace discrimination filed in 2020 alone1. This statistic underscores the importance of having EPLI coverage in place to protect against such claims.
Furthermore, a study by Hiscox found that the average cost of an employment-related lawsuit for small to medium-sized businesses is approximately $125,0002. With such significant financial implications, the value of EPLI becomes evident, providing businesses with the means to defend against and settle claims without jeopardizing their financial stability.