Individual Coverage
WE PROTECT YOU
We have managed more than 309,000 psychiatric policies and are committed to providing a high-quality, affordable medical professional liability insurance product coupled with an outstanding level of service. Because we understand unique psychiatry-specific risks, we are able to develop a policy that provides you with the insurance coverage necessary to protect your livelihood and reputation.
POLICY HIGHLIGHTS
Occurrence and
claims-made policies
available
Coverage included
for telepsychiatry
and forensic services
at no extra cost
You don't need
tail coverage
to switch
There’s more! See our coverage checklist for the full list of policy features, coverages and benefits.
DISCOUNTS MAY BE AVAILABLE FOR
- Child and adolescent psychiatrists
- Early career psychiatrists (up to first five years of practice)
- Military (up to the first five years after exit)
- Part-time psychiatrists
Limitations and Eligibility Requirements Apply
- Psychiatric association membership
- Psychoanalysis
- Moonlighting Residents/fellows
- Risk management education
Enhanced Policy
PRMS has launched an enhanced policy with important coverages that protect you from the emerging risks in psychiatry.
HIPAA Defense Coverage
Up to $50,000 for defense, fines and penalties (where allowed by law) arising out of any investigations or civil proceedings concerning actual or potential HIPAA violations.
Nationwide Coverage
If your practice moves to another state or if you provide telepsychiatry to patients in another state, PRMS can cover you.
Financial Strength of Insurer
Our carrier, Fair American Insurance and Reinsurance Company, is rated ‘A++ (Superior)' by A.M. Best Company and ‘A+’ by Standard & Poor’s.