Business Insurance for Medical Billing Services

A business owner's policy, or BOP, is a cost-effective way for medical billing businesses to buy general liability coverage and commercial property insurance together.

This policy covers basic business risks, such as a client who trips over a cable and suffers an injury at a medical billing office. It's often required for a commercial lease.

Medical billing E&O can cover legal expenses if your company is sued for billing errors or other unsatisfactory work. It's sometimes referred to as professional liability insurance.

Most states require workers' comp for medical billing services that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

Commercial auto insurance covers financial losses when a medical billing company's vehicle is involved in an accident. It's usually required for vehicles registered to a business.

This policy helps offset the costs of complying with HIPAA and state laws in the event of a data breach. It's recommended for any business that stores personal information.