PRMS® understands the unique practice issues psychiatrists face. Every aspect of our comprehensive medical professional liability insurance program reflects our dedication to protecting your practice, supporting your needs and defending your professional reputation. 

  • Psychiatry-specific
  • Policy types: Occurrence, claims-made
    • Switch to PRMS without purchasing tail coverage from previous carrier
  • Limits up to $2/$6 million
  • Nationwide coverage
  • Highly-rated carrier
  • Coverage for group practices
  • Coverage for telepsychiatry
  • Coverage for forensic services
  • Professional liability: Broad definition of Psychiatric Services (includes publications, telecasting activities, peer review, teaching activities, clinical trials, etc.)
  • Licensing board defense coverage$150,000 - Separate limit
  • HIPAA defense coverage: $50,000 - Separate limit
  • Medicare/Medicaid defense coverage: $25,000 - Separate limit
  • Assault coverage: $30,000 - Separate limit
  • Data breach coverage: $30,000 - Separate limit
  • Practice interruption coverage:  $2,500 - Separate limit
  • Deposition expense coverage: $30,000 - Separate limit
  • General business liability: Separate limit
    • Premises liability
    • Personal and advertising injury
  • Sexual misconduct: $25,000 sub-limit
  • Non-party testimony or document production expense
  • Fire damage to premises: $150,000 - Separate limit
  • Medical payments: $100,000 - Separate limit
  • Vicarious liability
  • Locum tenens
  • Temporary suspension of coverage
  • Premium waived for tail coverage in case of death or permanent disability
  • Premium waived for tail coverage in case of retirement if age 55 or more
  • Premium waived for tail coverage based on other reasons: after 10 years continuous claims-made coverage subject to guidelines
  • Consent to settle required with no arbitration clause
  • Nationwide network of defense attorneys skilled in psychiatric litigation
  • Attorneys are paid directly: no out-of-pocket defense expense
  • In-house claims staff that has handled over 22,000 psychiatry-specific claims
  • Loss of earnings for assisting defense: $1,000 per day, no aggregate
  • Legal bond costs
  • Defense expenses in addition to limit
  • Insurer has duty to defend

Learn more about Claims Services

Learn more about Risk Management Services