https://completemarkets.com/company/nasinsurance/eo-for-medical-billing/
Overview — E&O for Medical Billing (NAS Insurance Services)
NAS Insurance Services offers an errors & omissions (E&O) program tailored for medical billers and coders who provide billing services for a fee to clients or third parties. This program recognizes billers’ elevated regulatory and cyber exposures and combines professional liability protection with optional regulatory defense and cyber-first/third party options to help protect client operations.
Why this program
Medical billing firms face two primary modern exposures: regulatory proceedings arising from billing errors and significant cyber risk because billing transactions routinely contain protected health information (PHI) and other sensitive data. NAS places this business through Lloyd’s, London and other highly rated carriers to deliver capacity and specialized underwriting expertise that understands the medical billing workflow and its common pitfalls.
Ideal Accounts and Appetite
Independent medical billers, coders, and third-party billing services operating for multiple physician groups or small medical practices.
Startups or established shops with documented billing procedures, secure billing software, and routine data protection practices.
Firms that want regulatory defense coverage for billing disputes and the ability to add broad cyber first- and third-party protection.
Typical declinations include large in-house hospital billing departments, accounts with chronic prior claims without remediation, or operations that handle unusually large volumes of high-risk procedures without adequate controls. NAS underwriters prefer accounts that can demonstrate staff training, QA procedures, and reasonable security controls.
Coverage Highlights and Advantages
Professional E&O tailored to mistakes in coding, claim submission, and billing procedures.
Medefense Plus — coverage designed to respond to regulatory investigations and proceedings related to billing errors and alleged fraudulent submissions.
NetGuard Plus — a cyber product with broad first- and third-party cover for data breaches, ransomware, and business interruption tied to billing systems and transactions.
Placement via Lloyd’s, London and other highly rated carriers to access competitive capacity and specialized policy forms.
Underwriting Notes and Minimum Premium
NAS underwriters evaluate: revenue size, monthly claim volume, client mix, documented procedures for coding and claims review, staff credentials, and existing cyber controls. A minimum premium of $3,000 applies. Expect the submission to include a current applications, summaries of security controls, sample engagement letters, and loss history.
Territories and Admitted Status
This program is available in: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. Policies are placed through London and surplus markets (non-admitted/surplus lines) to give broader form flexibility and capacity.
Why Work With NAS Insurance Services
As a managing general underwriter, NAS combines focused underwriting for the medical billing niche with access to Lloyd’s and other top-tier carriers. Agents benefit from targeted appetite guidance, specialist forms (Medefense Plus and NetGuard Plus), and experienced underwriting that understands common operational controls and remediation steps after prior loss.
Example accounts that fit
You might have a client who handles billing for several specialty clinics, has a documented QA process, and uses a secured cloud billing platform — this type of account typically fits well. Another good fit is a small billing company seeking regulatory defense coverage alongside cyber protection for PHI exposures.
Frequently Asked Questions
What types of medical billing firms are a good fit for this program?Independent billers and coders, third-party billing services, and small multi-practice billing firms with documented billing procedures, reasonable security controls, and routine QA are ideal. Larger in-house hospital departments or accounts lacking controls typically do not fit.
Is this an admitted program and which carriers are used?This program is placed through Lloyd’s, London and other highly rated carriers on a surplus lines (non-admitted) basis to provide specialized forms and capacity.
What minimum premium should agents expect?The program has a minimum premium of $3,000. Final pricing depends on exposure, revenue, loss history, and requested limits or endorsements.
Are regulatory defense and cyber coverages available?Yes. NAS offers Medefense Plus for regulatory proceedings related to billing errors and NetGuard Plus for broad first- and third-party cyber coverage, which can be added based on underwriting review.
Need help placing an account? Connect with a market specialist.
https://completemarkets.com/company/nasinsurance/cyber-liability-for-e-commerce/
NetGuard™ Plus, the cyber liability solution from NAS Insurance Services, protects e-commerce clients from a wide range of digital risks — including network security breaches, data privacy incidents, PCI exposures, and online media liabilities.
Overview of the Program From NAS Insurance Services
NAS Insurance Services offers NetGuard™ Plus, a cyber liability program built specifically for retail and e-commerce businesses. Whether a client runs an online storefront, stores customer data, or depends on cloud services and social media for sales and marketing, NetGuard™ Plus provides flexible limits and a rapid breach response framework to help contain loss and reputational damage.
Ideal Accounts and Appetite
This program is best for e-commerce and retail operations that have direct consumer interaction online or that process payments electronically. Typical fits include:
Direct-to-consumer online retailers and specialty storefronts
Brands that handle customer PII or payment card data
Companies that rely on cloud providers, third-party platforms, or social media for business operations
You might place a growing apparel brand with an integrated online checkout and customer database, or a specialty shop that outsources fulfillment to cloud-based vendors — both are prime candidates for NetGuard™ Plus.
Coverage Highlights and Advantages
High breach response limits: Separate breach response sublimits that do not erode the policy aggregate, ensuring defense capacity for third-party claims.
Network asset protection: Coverage for business interruption and data restoration following a security event.
PCI fines & penalties: Payment card-related fines and associated defense costs are included where applicable.
Notification & credit monitoring: Breach notification and consumer monitoring are available even if legal notification is not required.
Pre-emptive PR expenses: Funds for public relations to manage reputational risk before issues escalate.
No cloud or social media exclusions: Express coverage for exposures arising from cloud providers and social platforms.
Limits are available up to $10 million, and each placement includes access to a breach response team staffed by industry experts to help coordinate forensics, legal counsel, notification, and remediation.
Underwriting Notes and Minimum Premiums
NetGuard™ Plus is underwritten by NAS Insurance Services as a Managing General Underwriter with placement access to Lloyd’s of London and other highly rated carriers. The program is designed to serve small to midsize e-commerce risks; minimum premium starts at $750. Underwriting focuses on current security controls, data volume and sensitivity, payment processing methods, and use of third-party vendors.
Territories and Availability
This is a non-admitted program available in most U.S. states. NAS currently writes NetGuard™ Plus in the following jurisdictions: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. Confirm eligibility for your specific state when submitting.
Why Work With NAS Insurance Services?
NAS Insurance Services brings specialized cyber underwriting and program administration experience. As an MGA, NAS pairs technical cyber expertise with access to top-tier markets — including Lloyd’s — to place complex e-commerce risks. Agents benefit from flexible limits, a ready breach response network, and responsive underwriting tailored to digital business models.
Frequently Asked Questions
What types of accounts are a good fit for this Cyber Liability program?Online retailers, e-commerce platforms, and businesses that collect or process customer data or payments online are ideal candidates for NetGuard™ Plus.
Is coverage available for businesses that operate in the cloud or use social media?Yes. NetGuard™ Plus explicitly includes exposures from cloud providers and social media without special exclusions for those technologies.
Are breach response costs included in the coverage?Yes. Breach response services — including notification, credit monitoring, and public relations — are included and can be provided even when notification is not legally required.
What limits are available under this program?Policy limits are available up to $10 million, with separate breach response limits structured to preserve defense capacity for third-party liability claims.
Which states is this program available in?The program is available on a non-admitted basis in most U.S. states. Review the listed territories or check eligibility for the applicant’s state before quoting.
Need help placing an account? Connect with a market specialist.