How Much Does EPLI Insurance Cost?

There is no single price that applies to every EPLI buyer. The premium is determined by the insurer’s underwriting and the coverage requested; businesses should expect the application to ask about workforce size and locations, HR practices, ownership, prior or pending claims, and requested limits and retention. Those are examples of information collected on a Travelers application, not a complete industry-wide rating formula. A low quoted premium may reflect a lower limit, larger retention, narrower definitions, or exclusions such as wage-and-hour claims. Compare quotes with the same policy period, insured entities, limits, retentions, endorsements, and defense treatment. Ask what changed between options rather than comparing headline premium alone.