Renewed partnership to offer cannabis prescribers affordable insurance

Renewed partnership to offer cannabis prescribers affordable insurance
Cannabis Health News

Doctors can continue to access more affordable insurance needed to prescribe medical cannabis, thanks to a renewed partnership. Towergate Insurance and the Medical Cannabis Clinicians Society (MCCS) have signed a mutually beneficial deal for the second year running after a positive initial response. The arrangement sees Towergate offer medical indemnity insurance to doctors who are members of the society, providing them with protection when prescribing cannabis medicines. Towergate currently offers private doctors specialised insurance, and through this partnership prescribers are able to access it at a more affordable cost. Meanwhile, the MCCS, an independent community of medical cannabis pioneers, who are dedicated to making the treatment more accessible to those with chronic conditions, gets a financial boost from the partnership. The expert-led, not-for-profit community receives 15 per cent of the cost of all first-year subscriptions which go towards its running costs. Professor Mike Barnes, chair of the MCCS, spoke to Cannabis Health about the benefits of the renewed partnership. The neurologist and medical cannabis expert explained that while NHS doctors are automatically given indemnity insurance, private doctors have to source their own. But a lack of expert knowledge in most insurance companies has meant that many medical professionals have met a brick wall when attempting to obtain the correct insurance. He explained that either they could not get it at all or were offered “ridiculously” high quotes – as much as £1,000 per session. Saving the day is Towergate Insurance which offers the insurance for a fraction of the cost and “is very good and reasonable,” Professor Barnes said. The company continues to move with changes in the industry and is also looking at creating insurance for doctors that see medical cannabis patients during their normal surgery hours. Boosting the industry According to the General Medical Council, the UK’s private…

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