Thinking About Starting an NEMT Business?
Insurance is a BIG part of your new venture. It's important you do it right.
Thinking of starting or growing your non-emergency medical transportation business before you hit the road. There's one thing you must get right insurance. Insurance companies use multiple rating factors when it comes to finding the right policy for you. First, they look at your business details. For example, for how long you've been in business, what kind of trips you take if you do Medicaid or private pay.
Next up, fleet. They look at how many vehicles you operate are they will tear assessable and the vehicles passenger capacity. Insurance underwriters want to know about your drivers. Do you run background checks? Provide training. Monitor driving records. Great drivers equals lower risk. They also check your claims history and the location where you operate. But did you know that they also check your online profile in your social media accounts?
Insurance underwriters are very diligent when it comes to providing coverage for an NEMT. They check for any possible vehicles and or drivers not listed on the policy. If the information on an on the application does not match the online profile, you could be at risk of losing your insurance.