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Operational reminder for Medical Experts - Financial Instruments / Bonds

Published: 9 March 2023

Following the recent liquidation of a Tier 2 Medical Reporting Organisation (MRO) medical experts working with MROs should take note of the following.


  • The amount of security is set by the Ministry of Justice and stipulated in the MRO qualifying criteria.
  • The security amount is currently £20,000 for T2 MROs and £100,000 for T1 MROs.
  • These amounts are the maximum payable for the total of all claims submitted to the security bond provider (i.e. not for each individual claim)
  • All security bonds (financial instruments) are provided by third parties who have no links with MedCo.
  • Any claims under the security bond have to be made directly to relevant bond provider.

For more information relating to Financial Instruments / Bonds please refer to the following documentation.

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