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Cheaper EPLI Through Employee Leasing/PEO


As a business owner, you want to do everything possible to protect your company from risks, including the risk of employment practices liability (EPL) lawsuits. These lawsuits can be costly and time-consuming, and can even threaten the financial stability of your company. That's why it's important to consider Employment Practices Liability Insurance (EPLI).


What is Employment Practices Liability Insurance?


EPLI is a type of insurance that protects businesses from the costs associated with employee-related lawsuits. These lawsuits can include claims of discrimination, wrongful termination, harassment, and other related claims.



While EPLI is not legally required, it is strongly recommended for all businesses, particularly those with employees. Without EPLI, the costs associated with defending against a lawsuit, settling a claim, or paying damages can be substantial, and can potentially put your company out of business.


Why PEO's and Employee Leasing Companies Offer Cheaper EPLI


Professional Employer Organizations (PEOs) and Employee Leasing Companies are becoming increasingly popular among businesses of all sizes, and for good reason. These companies offer a range of HR and administrative services, including EPLI, at a lower cost than many businesses could obtain on their own.


This is because PEOs and Employee Leasing Companies work with a large pool of clients, which allows them to negotiate better rates with insurance companies. Additionally, PEOs and Employee Leasing Companies often have expertise in managing EPLI claims and can provide assistance in the event that a claim is filed against your company.

Benefits of Using a PEO or Employee Leasing Company for EPLI


Using a PEO or Employee Leasing Company for EPLI can provide a range of benefits for your business, including:

  1. Lower Costs: As mentioned above, PEOs and Employee Leasing Companies can negotiate better rates with insurance companies, which can result in significant cost savings for your business.

  2. Expertise: PEOs and Employee Leasing Companies often have extensive experience in managing EPLI claims, which can be invaluable in the event that a claim is filed against your company.

  3. Administrative Support: PEOs and Employee Leasing Companies can provide a range of administrative support services, including payroll processing, tax filing, and benefits administration, which can free up your time to focus on growing your business.

  4. Access to Benefits: PEOs and Employee Leasing Companies can offer access to benefits such as health insurance and retirement plans, which can help you attract and retain top talent.

  5. Reduced Liability: By outsourcing HR and administrative tasks to a PEO or Employee Leasing Company, you can reduce your company's liability and minimize the risk of costly lawsuits.

In conclusion, Employment Practices Liability Insurance is an important aspect of protecting your business from costly lawsuits related to employee claims. By working with a PEO or Employee Leasing Company, you can obtain EPLI coverage at a lower cost and with the added benefit of administrative support and expertise in managing claims. So, if you haven't considered EPLI or working with a PEO or Employee Leasing Company, now is the time to start.


Let Legacy provide you with multiple quotes from employee leasing partners that are backed by AM Best A rated carriers and that offer EPLI at $1.00 per employee per week.

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