Prices for food, milk and gasoline are all soaring, but one new entrant to the employment practices insurance market is offering EPLI coverage to small employers for less than it costs to fill up a minivan.
While a policy cost as low as $32 per employee may seem groundbreaking, it is the coverage pairing of EPLI with workers' compensation that's the real innovation for MEMIC, a Portland, Me.-based workers' comp insurance group.
"It probably is a first," said Donald Hale, MEMIC's senior vice president of underwriting, referring to an EPLI endorsement to workers' comp policies that MEMIC first began offering with April workers' comp renewals, known as MEMIC Edge. "No one has ever done this before that we are aware of," he said.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
