Company History

History of Medisec Ireland CLG

Medisec Ireland CLG, a company limited by guarantee, was founded in 1994 by a group of Irish based General Practitioners to provide for their professional indemnification. With escalating subscription rates, there was a concern that GPs were contributing more than their fair share to cover the rising awards and settlements of higher-risk medical specialities.

It was the intention of the founding 300 GPs that the Company would act as administrator, facilitator and manager of a mutual assistance scheme, on behalf of its members, to provide support and peace of mind and an assurance that subscriptions paid by Irish based GPs would be used exclusively for GPs.

Today, with more than 1700 General Practitioner members, Medisec is owned by those members and guided by their views. We are the only not-for-profit medical membership company based in Ireland. Medisec is also the only organisation in Ireland providing Professional Indemnity cover by way of a non-discretionary Insurance Policy. The objectives of the company have expanded, but remain specific and straightforward to provide:

  • A fair deal in Professional Indemnity Insurance at the most competitive subscription rates in the Irish market from one of the world’s leading insurers;
  • An insured non-discretionary product fully regulated and compliant under the auspices of the Central Bank of Ireland;
  • Appropriate provision for the long-term risk of post-retirement claims;
  • A locally-based, 24-hour assistance and advisory service for GPs who may encounter problems relating to their clinical activities;
  • An extremely high quality, efficient and responsive, complaints and disciplinary support service;
  • Advice on a, GP-focussed, risk management process, through education, training, seminars, websites, and publications.