Protection against billing errors is essential for your company. Your business is also susceptible to other risks, from slip-and-fall injuries to data breaches. Business insurance covers legal fees, medical bills, property repairs, and other unexpected costs from lawsuits and accidents.
These insurance policies cover the most common risks of medical billing.
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.
It's easy to get medical billing business insurance if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your medical billing and coding business, whether you work independently or hire employees.