Transform Fintech Risk Strategies with EPLI Insurance Renewal Secrets
Financial Implications and Cost Considerations
Understanding the financial implications of EPLI insurance is crucial for fintech firms. Premium costs can vary based on factors such as company size, industry, and claims history. On average, small to medium-sized businesses might pay between $800 to $5,000 annually for EPLI coverage, while larger firms could see costs upwards of $10,0003. However, these costs are often outweighed by the potential expenses associated with defending a lawsuit, which can reach hundreds of thousands of dollars.