Starting a Medical Billing Business > Starting Your Own Medical Billing Business
E&O Insurance
williamportor:
Hello - Can someone here recommend a good company to purchase errors and omissions insurance from? I've gone back 14 pages in these forums, and can't locate a suggestion. I suppose I should have done this awhile back. I've considered Hiscox Inc. but they have mixed reviews from the BBB.
Michele:
I'm sorry but I don't have a company I can recommend. :(
williamportor:
OK. May I ask---Should a medical billing company carry error and omission insurance??
Michele:
It is recommended however we do not carry it. Our lawyer advised us that we are protected by the way our corporation is set up and that it wasn't necessary. I would love to hear what others think. I'm not 100% confident in his answer.
Christy:
I use Hiscox and it is ridiculously expensive- $1300 a year for my tiny business that makes 30k per year.
I have found no alternatives for ins specific to medical billers....
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