Starting a Medical Billing Business > Starting Your Own Medical Billing Business
E & O Ins
Christy:
http://foxpointprg.com/files/MPL%20E&O%20Category%20List.pdf
anyone ever use this company for E&O?
PMRNC:
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.
Christy:
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:
oohhh and my homeowners is through my bank and boy are they useless with business ins!
PMRNC:
--- 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....
--- End quote ---
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.
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