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

What does your business Ins cover?

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PMRNC:

--- Quote ---Our business insurance (in California if that makes any difference) has a section that covers the costs of retrieving data.  I'm responsible for the back up, but it pays for the replacement software and a certain dollar amount ($10k) if we have to pay a technician to retrieve anything that's retrievable. 
--- End quote ---

Wow, see I had no idea if that was an option.. I am going to have to call my agent. Back in 2002, my CPU fan went in my computer and fried the whole drive, I paid $1500 for data retrieval! I had backups but they were about 3 weeks old. From then on I did off/on site backups rotating every other day. Of course now it's so much easier with web based software <g>  Data retrieval is really expensive!!

Christy:

--- Quote ---The average coverage for our type of business is 2-3 Million, you can expect to pay anywhere from $900-$3000 a year (just a guess and of course it will vary)
--- End quote ---

I am being quoted $3500- $5000 per year...how about others?

PMRNC:
Mine went up when I moved from PA to NY, I'm paying $3105 exactly a year. I thought that was high.. that's for 1 mil.. from what I've found out is that the average is 3 Mil IF YOU ARE CODING.. I'm not coding. 

Christy:
I don't code, and those quotes are for 2 mil  and I am in NY as well.

PMRNC:
Try this one, http://www.hcrs.biz/index.php

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