Medical billing errors that lead to losses for a patient or insurer could result in a potentially devastating lawsuit. Insurance for medical billing companies can pay legal fees, medical costs, and more.
These policies provide coverage for the most common medical billing risks.
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. Bundle it with commercial property insurance for savings in a business owner’s policy.
Medical billing E&O, also called professional liability insurance, can cover legal expenses if your company is sued for billing errors or other unsatisfactory work.
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 required for vehicles registered to a business.
This medical billing insurance policy protects your business against data breaches and cyberattacks by paying for data recovery and other related costs.
Protection against billing errors is essential for your company. Your business is also susceptible to common risks, such as data breaches and customer injuries. Medical billing services insurance shields your business from lawsuits related to billing errors, fires, and other unexpected incidents.