Secrets Hidden in EPLI Insurance Claims Revealed Today
The Hidden Costs of EPLI Claims
One of the most compelling reasons to consider EPLI insurance is the often-overlooked financial burden associated with employment claims. According to the Equal Employment Opportunity Commission (EEOC), the average cost to defend an employment lawsuit is approximately $125,000, with settlements averaging around $200,0001. These figures underscore the importance of having a robust insurance policy in place, as even a single claim can significantly impact a company's bottom line.