MRO Insurance

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ssgan

MRO Insurance

Post by ssgan » Sun Jun 27, 2010 5:19 pm

In general, what would be the recommended insurance coverage for a small business and its MRO-- performing part-time MRO services with one or two MRO assistants? Would this recommendation change if collections were to be done? Since Medical Review only is not considered a patient-physician relationship, is Professional Liability insurance needed? If so, typical amount of coverage? Is "errors and omissions" needed in addition to professional liability? Thank you for your suggestions.



ssgan

Re: MRO Insurance

Post by ssgan » Tue Jul 20, 2010 11:04 am

Does anyone have any recommendations or comments regarding insurance coverage for a small MRO practice?

Robert Swotinsky MD
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Re: MRO Insurance

Post by Robert Swotinsky MD » Tue Jul 20, 2010 9:43 pm

If the MRO is already covered by medical malpractice insurance for medical-related suits, that may be sufficient. One problem is, the MRO could also be sued for constitutional torts and other non-medical claims that a medical malpractice insurer might object to covering. This is where general business (or "errors and omissions") policies apply.

Liability risk to MROs has historically been low. Still, if you ask the question, there's only one good answer anyone would give you: Get insured.

There have historically been a a very few insurers who have offered MRO-specific policies. I don't think any of them still offer it; the demand wasn't there. ACOEM has been promoting an insurance policy for occ med doctors offered by Novak Insurance Agency in Solon OH. ACOEM members are entitled to a discount. The description of this policy sounds apt for MRO work, and the policy is no doubt cheaper than a clinical medical malpractice policy. See http://novakinsuranceagency.com/acoem.html

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