Author Topic: E & O Ins  (Read 5470 times)

Buglet10

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Re: E & O Ins
« Reply #15 on: February 04, 2013, 10:57:09 AM »
I am also wondering about obtaining insurance coverage as I'd like to take on more clients.  I currently have only one.  I live in Massachusetts any suggestions.  I have no idea about any of this coverage so any help would be welcome and appreciated. Thank you.

PMRNC

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Re: E & O Ins
« Reply #16 on: February 04, 2013, 12:00:35 PM »
I posted a link to a company who can provide you various quotes from insurer's.   www.naplia.com
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com

Buglet10

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Re: E & O Ins
« Reply #17 on: February 05, 2013, 07:12:15 AM »
Thanks for your help Linda.  But which kind of E&O do you use for medical billing.  Really not sure and there were a few listed on the site  Thanks.

PMRNC

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Re: E & O Ins
« Reply #18 on: February 05, 2013, 11:39:31 AM »
I found them AFTER I got my policy, I get mine through same company as I have my homeowners, and business insurance so I get a discount. I have total of 3 Mil coverage. It's standard Quai/Tam liability very similar to what a lawyer would have.   I started out with just 1 Mil in coverage and as I grew, and liability increased, naturally the coverage increased.  It's expensive but I do get to claim it on taxes so I get a break in that regards.
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com

Buglet10

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Re: E & O Ins
« Reply #19 on: February 06, 2013, 05:46:13 PM »
Thanks so much.

Christy

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Re: E & O Ins
« Reply #20 on: June 20, 2013, 02:53:04 PM »
http://foxpointprg.com/files/MPL%20E&O%20Category%20List.pdf

anyone ever use this company for E&O? 

PMRNC

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Re: E & O Ins
« Reply #21 on: June 20, 2013, 07:57:55 PM »
If you go to Naplia.com you can actually get various quotes :)    Also you should check with your home owners insurance company as they might offer it with a discount.
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com

Christy

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Re: E & O Ins
« Reply #22 on: June 21, 2013, 08:30:29 AM »
I got this info through an agent....The agents I am speaking with are having a hard time coming up with quotes for this industry for some reason....So far I have been quoted between $3500-$5000 per year...I am just starting out and cannot swing that...  I did go to Naplia and was quoted insurance that did not include defense?!?!?! :o   so I decided to stick with local people for better communication purposes....

Christy

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Re: E & O Ins
« Reply #23 on: June 21, 2013, 08:32:20 AM »
oohhh and my homeowners is through my bank and boy are they useless with business ins!

PMRNC

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Re: E & O Ins
« Reply #24 on: June 21, 2013, 09:44:15 AM »
Quote
I got this info through an agent....The agents I am speaking with are having a hard time coming up with quotes for this industry for some reason....So far I have been quoted between $3500-$5000 per year...I am just starting out and cannot swing that...  I did go to Naplia and was quoted insurance that did not include defense?!?!?! :o   so I decided to stick with local people for better communication purposes....

They are not the carrier, more a broker and usually give you a few quotes, as for the defense, some include them but exclude punitive damages. Here's a good article that explains the types. http://www.insurancejournal.com/magazines/features/2004/07/19/44745.htm.     Make sure that if you find a company that meets your needs you have everything ready to go. They are in business of insurance so for our industry they will want a copy of a compliance plan, policies and procedures and any/all contracts you have.  When I was in NJ where I initially applied for my first E/O Policy, they denied me because my contract wasn't adequate and although I submitted a compliance plan, they wanted policies and procedures.
« Last Edit: June 21, 2013, 09:46:05 AM by PMRNC »
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com

Christy

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Re: E & O Ins
« Reply #25 on: June 21, 2013, 12:10:13 PM »
thanks Linda! ;D