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. 

Please Note:

PRMS is in the process of filing an enhanced policy with state insurance boards that is currently available in many states and will be available nationwide pending state approvals. To to find out where the enhanced policy is offered and to learn more about the coverages included, click here. Please know that our existing coverage, as detailed below, includes the same outstanding level of customer service and comprehensive program benefits.

  • Psychiatry-specific
  • Policy types: Occurrence, claims-made
    • Switch to PRMS without purchasing tail coverage from previous carrier
  • Professional liability: Broad definition of Psychiatric Services (includes publications, telecasting activities, peer review, teaching activities, clinical trials, etc.)
  • General business liability: Separate limit
    • Premises liability
    • Personal and advertising injury
  • Breach of privacy/confidentiality: Up to policy limit; additional $25,000 limit for first-party crisis expenses
  • Administrative defense: $50,000 defense costs for disciplinary or similar proceeding commenced by a government/quasi-government, professional society, hospital or healthcare organization
  • Coverage for group practices
  • Coverage for telepsychiatry
  • Coverage for forensic services
  • Sexual misconduct: $25,000 sub-limit
  • Non-party testimony or document production expense
  • Vicarious liability (additional charges may apply)
  • 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: after five continuous years of claims-made coverage
  • Premium waived for tail coverage based on other reasons: after 10 continuous years claims-made coverage subject to guidelines
  • Limits up to $2/$6 million
  • Nationwide coverage
  • Highly-rated carrier

Please Note: Eligibility requirements must be met. Actual terms, coverages, conditions and exclusions may vary by state and are subject to underwriting.

  • 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 31,000 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