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Medical Reporting Organisations

Secure Risk Solutions is the only broker in the UK who understand the Medco registration requirements.

Medco have recently revised the qualifying criteria following a six-month consultation

The new requirements for medical reporting organisations for insurance purposes is as follows

Qualifying Criteria for all Medical Reporting Organisations (MROs)

Tier 2 Bond & Insurance

A financial bond or other financial instrument of at least £20,000 demonstrating that the MRO has sufficient funds available to remunerate medical experts from whom it has commissioned medical reports in the case of failure of the MRO.

Evidence of a minimum of £1m for professional indemnity insurance and £3m for public liability insurance.

Tier 1 Bond & Insurance

A bond or other financial instrument of £100,000 demonstrating that the MRO has sufficient funds available to remunerate medical experts from whom it has commissioned medical reports in the case of failure of the MRO.

Evidence of a minimum of £1m for professional indemnity insurance and £3m for public liability insurance.

We understand the market like no other broker as we a multi-faceted team of brokers that have the full understanding of what is required by Medco.

We offer the following for medical reporting organisations

PI Insurance for Medical Reporting Organisations covers both Tier 1 & Tier 2

Bond for Tier 1 & Tier 2 Agencies

Public Lability Insurance £3m

All our products are Medco Compliant

We also offer insurance to Medco Registered Physiotherapists and Experts

To discuss your insurance options, or to obtain a quote, call us now on 01274 965791 or email us pi@securers.co.uk