Shreveport Non Emergency Medical Transportation Insurance — For New Business Ventures

Shreveport Non Emergency Medical Transportation Insurance

If you’re searching for Non Emergency Medical Transportation Insurance in Shreveport Louisiana or the surrounding areas you have found the right company!

We offer commercial insurance for new business ventures, established companies, and those who might be getting canceled for claim activity. (Limited availability)

Please call the agents of Jeff Davis Insurance by dialing 1-888-260-6801 Monday through Friday up until 4:30 PM. 

If you find us after hours click on our chat with us button to see if an agent is available or send us a request for information by clicking below:

Shreveport Non Emergency Medical Transportation Insurance — What Coverage Is Needed?

A commercial Auto Policy + General Liability Insurance are typically required for Non Emergency Transportation Companies.

The amount of coverage you need may be based on a number of factors such as:

  • The size and financial strength of your company?
  • Contracts you have with providers?
  • Are you participating in the Medicaid Program?

For example, if you are an approved Medicaid provider please note your minimum liability requirements for Commercial Auto Insurance per the state of Louisiana:

All NEMT providers have (at minimum) auto liability coverage of $100,000.00 per person and $300,000.00 per accident or a combined service limit of $300,000.00.

This policy will cover any automobiles (hired automobiles and non-owned automobiles). Providers will have a minimum of $300,000.00 of general liability insurance in the name of the business. Premiums must be pre-paid for a six-month period.

Proof of insurance is a notarized, original certificate of insurance which includes the dates of coverage and a 30-day cancellation notification clause. This certificate must be issued to the Bureau of Health Services Financing.

If your company participates in the Medicaid program your minimum limits are listed above, however if you provide services to a nursing home or other social service agency a greater amount of liability coverage may be necessary.

The final question that should be considered is the size and financial strength of your company.  Why is this important?

Let’s assume a NEMT Company’s revenues exceed $1 million per year and they exclusively work under the Medicaid program.  Would a $100,000 liability limit per person be sufficient to protect the ongoing revenue stream of a business earning over $1 million per year in the event of a significant claim event?

No.

The chances of accident increase exponentially simply for the fact more miles are driven by commercial vehicles.

What if an accident was caused by a driver employed by the NEMT company resulting in a $200,000, $500,000, or $1,000,000 claim and the NEMT company was deemed liable?

The insurance company would pay their maximum selected amount of $100,000 to the injured party.  The remaining amount would be the responsibility of the NEMT company itself.

It’s best to consult with your legal advisor to help you determine the amount of coverage you need to protect your business financially as the minimum amount required by lay may be insufficient.

Shreveport Non Emergency Medical Transportation Insurance — Contact Us Today.

To obtain information and quotes for Non Emergency Medical Transportation Insurance in Shreveport Louisiana or the surrounding areas call the agents of Jeff Davis Insurance by dialing 1-888-260-6801 Monday through Friday up until 4:30 PM.

If you discover our website after hours click on our Chat with us button to see if an agent is available or you may send a request for information by clicking one of the links below that best corresponds with your operation area:

Shreveport Non Emergency Medical Transportation Insurance