Medical Professional Liability Insurance on the PRMS Blog

In honor of Insurance Awareness Day this June 28, we want to ensure that everyone knows about all the benefits a medical professional liability policy through PRMS includes. In addition to insurance coverage, PRMS provides clients with our psychiatric risk management expertise through resources, online educational tools, one-on-one support, consultation, and more. PRMS strive ...

Have you ever wondered what sets Professional Risk Management Services (PRMS) apart from other medical malpractice insurance providers and why psychiatrists select PRMS? PRMS Account Manager, Rich Stagnato, RPLU, shares some highlights about PRMS, our psychiatry-specific insurance program, and the advantages that set PRMS apart in the video below:   To learn more about the su ...

An insurance policy with PRMS provides our clients with peace of mind. And this June 28th, in honor of National Insurance Awareness Day, we asked the PRMS Insurance Services team to share a few of the most common questions they receive from clients – and just what’s so great about a PRMS insurance policy. What has been the most common question received by Insurance Services in ...

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 ...

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. Having a “conditional” consent to settle clause in the policy. Even though “consent to settle” clauses are common, if an insured doctor wants to de ...

The last half of December can be a slow time in medical offices, even for psychiatrists. May I suggest that if you have some free time over the next few weeks, you do some homework? It’s not hard, and there’s just a simple self-test.  But what you learn may pay huge dividends down the road.  The assignment: read your professional liability insurance policy! Once you’ve read i ...

I’m regularly asked about the difference between claims made versus occurrence coverage forms. Here’s a short video explaining the difference. ...

No one is more pleasantly surprised than I am to see that a number of you have become regular readers of this blog. Up to this point, we at PRMS have chosen the topic of each post, based largely on what we think you may be interested in reading about.  We would, however, like to hear from you. What do you want us to write about?   Please send us your questions.  You can email ...