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Medical Billing Forum
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Starting a Medical Billing Business
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Starting Your Own Medical Billing Business
(Moderators:
Alice Scott
,
Michele
) »
E&O Insurance
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Topic: E&O Insurance (Read 2763 times)
Tameka79
Newbie
Posts: 46
E&O Insurance
«
on:
June 19, 2017, 11:04:36 AM »
Good Morning,
Is there a recommended amount of E& O insurance you should have?
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Michele
Administrator
Hero Member
Posts: 5927
Re: E&O Insurance
«
Reply #1 on:
June 21, 2017, 01:03:10 PM »
It would depend on how big your company is (or plans to be) and the average size of your clients. $1,000,000/$3,000,000 is usually plenty for most average sized billing companies.
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Tameka79
Newbie
Posts: 46
Re: E&O Insurance
«
Reply #2 on:
June 23, 2017, 12:15:37 AM »
Thank you Michelle. I was thinking about getting $250,000/$1,000,000.
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Michele
Administrator
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Posts: 5927
Re: E&O Insurance
«
Reply #3 on:
June 24, 2017, 09:19:19 PM »
That is probably fine. Personally I feel the $1,000,000/$3,000,000 is high for most billing companies, but when I researched it that was the number that was considered average.
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Medical Billing Forum
Re: E&O Insurance
«
Reply #3 on:
June 24, 2017, 09:19:19 PM »
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« previous
next »
Medical Billing Forum
»
Starting a Medical Billing Business
»
Starting Your Own Medical Billing Business
(Moderators:
Alice Scott
,
Michele
) »
E&O Insurance