U.S. Risk Underwriters, a subsidiary of U.S. Risk Insurance Group, Inc. launched a new professional liability product for the medical tourism industry called MedTour Pro.
MedTour Pro is designed for medical tourism professionals who arrange for people to obtain medical services outside of the United States. Coverage is for damages caused by any actual or alleged negligent act, error or omission by the insured while providing or arranging for these medical tourism services.
“We are the first to market with a product specifically built for the fast-growing medical tourism industry,” said Art Seifert, president of US Risk Underwriters. “MedTour Pro will be followed by a suite of products designed specifically to cover the risks inherent in the dynamic new industry, predicted to generate $100 billion in revenue by 2012.”
MedTour Pro has been developed in concert with the Medical Tourism Association and written with an A.M. Best “A” rated carrier on a claims-made basis. Limits are offered up to $1 million with a minimum premium of $2,225. Excess over the $1 million limit is available.
Source: U.S. Risk Insurance Group,