Starting a Medical Billing Business > Starting Your Own Medical Billing Business

E & O Insurance?

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blhoffman:
I did one of those quotes in 24 hour deals with another company to see what they came back with and it was $3000 - $4000 premium. This was with me saying no clients and at $1,000,000. WOW! Definitely not interested. I will still check with the original company I listed when I am ready. I was just feeling out some others. Hope I get a better price when I'm actually ready for it.  :o

PMRNC:
I'm sorry to say but that quote is not so far off on the average. From what I understand Naplia takes your application and they GET the quotes from a few companies for you to decide which you want. I pay $2260 and that's not dependent on how many clients I have, and it's with a discount from my homeowners carrier.

blhoffman:
Do I need it right away? I know it is best practice, but can it wait until I have the money or do I need it before I take on a client? Thanks.

PMRNC:
That's sort of a yes/no answer.. Yes, technically you can wait because you obviously don't have any liability with no clients, you could however begin to get your quotes so you can line up a policy as soon as you land the first client.

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