Business Insurance for Medical Billing Services

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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.

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One application, multiple quotes

Insureon helps medical billing businesses compare insurance quotes from top U.S. providers online. Get several quotes with one application.

What types of insurance do medical billing businesses need?

These policies provide coverage for the most common medical billing risks.

Business owner’s policy icon

Business owner’s policy

A BOP bundles property insurance and general liability insurance under one plan. It's often the most cost-effective type of commercial insurance for medical billing services.

BEST FOR
  • Customer injuries
  • Damaged business property
  • Business interruption incidents
Errors and omissions insurance icon

Errors and omissions insurance

Medical billing errors and omissions insurance, also called professional liability insurance, can cover legal expenses if your company is sued for billing errors or other unsatisfactory work.

BEST FOR
  • Billing errors
  • Accusations of negligence
  • Other mistakes and oversights
Workers’ compensation insurance icon

Workers’ compensation insurance

Workers’ compensation insurance is required in almost every state for medical billing businesses that have employees. It can cover medical expenses for work-related injuries.

BEST FOR
  • Employee medical expenses
  • Missed wages
  • Employee injury lawsuits
Cyber liability insurance icon

Cyber liability insurance

This medical billing insurance policy protects your business against data breaches and cyberattacks by paying for data recovery and other related costs.

BEST FOR
  • Data breach lawsuits
  • Client notification expenses
  • Fraud monitoring costs
Looking for different coverage? See more policies.

View medical billing business insurance costs

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Several factors will have an impact on insurance costs, including:

  • Billing services offered
  • Business equipment and property
  • Revenue
  • Location
  • Number of employees
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What our customers are saying
"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours. Up to that point, I had spent hours going in circles with others."
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Why do medical billing companies need insurance?

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 and other unexpected incidents.

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