Choosing Insurance on the PRMS Blog

You have insurance coverage. You received the lowest rate and have the certificate of insurance. You are properly insured, right? Perhaps not. Here are five of the most common issues you should avoid when choosing a policy.  1. Not having enough licensing board defense coverage. PRMS is seeing increased licensing board activity for many reasons such as aggressive boards, ...

Starting or joining a private practice is an exciting time, but it can also be risky. An essential way to protect your professional reputation and reduce risk is to obtain comprehensive medical professional liability insurance. In this post I will address some important steps you can take to help create and maintain a successful practice. Build good relationships If you are e ...

Many medical professional liability companies only offer claims-made policies to behavioral healthcare providers like you. You are probably familiar with some common assumptions associated with claims-made policies: –  A claims-made policy protects you against claims for an incident if the policy is active when the “claim” is “made”. Correct! –  An incident must be within t ...

A Guest Blog by Rich Stagnato, PRMS Accounts Representative If you are not employed by a hospital or government facility, you will likely need your own medical malpractice policy. You should research your medical malpractice insurance and risk management needs by reviewing policy and feature differences. Ultimately, you have to feel comfortable that the people you are buying ...

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A nationally syndicated advice column last week dealt with the issue of how to politely but decisively suppress any conversation with a talkative stranger (in a waiting room, or on a plane, etc.). One suggestion: tell the stranger that you sell insurance for a living. Alas, we in the insurance business have heard this before.  Insurance talk is boring and confusing at best, an ...

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A Guest Blog by Rich Stagnato, PRMS Accounts Representative Private practitioners who need to keep track of reimbursement for their services and maintain records can find that keeping track of medical malpractice policies can also be a challenge. Some insurance companies promote claims made policies as the only or preferred option but, in reality, there are other choices avai ...

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