Regulatory Billing and Errors Insurance
Risk Factor
Have you ever faced billing error allegations by the federal government or private payers?
Solution
Errors and omissions liability insurance can provide reimbursement for defense costs, fines and penalties, as well as shadow audit expenses incurred in billing error proceedings brought by government agencies, contractors, and commercial payers. This is typically a specialized type of coverage, so it’s important to check with your agent to determine if your current coverage is sufficient to addresses this exposure.
Note: Actual policies must be consulted for specific terms and conditions.