As the practice of psychiatry evolves, so should your malpractice coverage.  The dedicated experts at PRMS® continually monitor emerging issues in the field of psychiatry and have responded with an enhanced policy to keep you and your practice safe from increased risk.

In addition to our already comprehensive policy, which includes medical professional liability and business liability, we have added the following coverages based on our expert knowledge of the issues and risks psychiatrists face. Click here to request more information or a personalized quote!

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Up to $2,500 for expenses incurred as a result of the unexpected and sudden interruption or closure of your medical practice due to your illness, death or disability.

 

Assault Coverage - New Coverage
Up to $30,000 for expenses incurred due to assault upon an insured by a patient.

Licensing Board Defense Coverage - New Higher Limit
Up to $150,000 for defense of licensure in connection with any proceeding brought about by licensing board, professional society, hospital or healthcare organization.

 

HIPAA Defense Coverage - New Separate Limit
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.

Data Breach Expenses Coverage - New Higher Limit

Up to $30,000 to manage the crisis of a breach, including credit monitoring and professional services needed to notify patients.

 

Medicare/Medicaid Defense Coverage - New Separate Limit

Up to $25,000 for any investigation or civil proceeding brought by actual or potential violations of Medicare/Medicaid regulations.

Fire Damage to Premises Coverage - New Separate Limit

Up to $150,000 for claims arising out of fire damage to an insured’s business premises.

 

Medical Payments Coverage - New Separate Limit

Up to $100,000 for medical expenses incurred by a person with a bodily injury caused at the insured’s premises.

 

For a full list of features and benefits with the enhanced policy, click here (.pdf).


 

Where is the enhanced policy available?
This enhanced policy is currently available in many states and will be available nationwide pending state approvals.  Below are the states in which this policy is currently offered.  Even if our enhanced policy is not yet approved in your state, we still offer national coverage through our existing policy and comprehensive program. Click here to request more information or a personalized quote!


If you are currently insured with us, you will be notified via email when the enhanced policy is available in your state.  The policy will then take effect upon your next renewal.

You can follow us on LinkedIn and Twitter or join our mailing list to receive an update when the policy is available in your state!


 

Stay Informed!

- PRMS Announces Enhanced Insurance Protection for Psychiatrists
- Licensing Board Actions Against Physicians - Donna Vanderpool MBA, JD
- Mental Health Workers Urged to Guard Against the Possibility of Patient Violence - Clinical Psychiatry News



If you are not currently insured with PRMS, complete the form below or call (800) 245-3333 for more information and to receive an email notification when the enhanced policy is available in your state.

If you are a PRMS client, you will be notified via email when the enhanced policy is available in your state.  To update your email address on file, email TheProgram@prms.com or call (800) 245-3333.

Actual terms, coverages, conditions and exclusions may vary by state. Insurance coverage provided by Fair American Insurance and Reinsurance Company (NAIC 35157). FAIRCO is an authrozied carrier in California, ID number 3175-7.