Early Career Psychiatrists

Choosing a malpractice insurance policy is one of the first - and most important - decisions you will face in your career. We understand the needs of early career psychiatrists and provide specialized services, and discounts, that ease the transition from residency to entering a practice.

Save Money with Premium Discounts

We also provide up to a 60% discount for early career psychiatrists. These discounts are as follows:

  • First year of practice: immediately following completion of residency, fellowship or active discharge from military
    - 60% discount on occurrence policies ( 50% discount in New York)
    - 60% discount on claims-made policies in California, Florida and Washington
    - 50% discount on claims-made policies in all other states
  • Second year of practice:
    - 40% discount on occurrence policies (discount unavailable in New York for occurrence policies per New York state law)
    - 40% discount on claims-made policies in California, Florida and Washington
    - 25% discount on claims-made policies in all other states (including New York)
  • Third year of practice:
    - 35% discount on occurrence policies (discount unavailable in New York for occurrence policies per New York state law)
    - 35% discount on claims-made policies in California, Florida and Washington
    - 25% discount on claims-made policies in all other states (including New York)

We offer the same discounts to psychiatrists following discharge from active military duty.

In addition to the early career discount, if you are a child and adolescent psychiatrist and meet specific criteria, you are eligible for a 15% rate reduction.

Please note: All discounts are subject to individual account underwriting.

Request Free Resources!

To help you in your new practice, we have assembled several resources that can help take some of the mystery out of "insurance speak". Our resources include risk management articles, insurance information and our "Risk Management Plan: Preparing for Private Practice."

To request your free resources, please complete the following form.

Please send me the following materials:

Please provide the following contact information:

* = Required Fields

  • First name
  • Middle Initial
  • Last name
  • Suffix
  • Organization
  • Daytime phone
     
  • Email
    *   
  • Practice State
  • Address 1
  • Address 2
  • City
  • State
  • Zip Code
    *   
  • Are you a member of a group practice?
  • Group name
  • Group contact
  • Group contact number
     
  • Questions/Comments

 

Please call (800) 245-3333 or e-mail TheProgram@prms.com for more information.

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 authorized carrier in California, ID number 3175-7.

 

Apply Today!

Apply Today
Thank you for your interest in The Psychiatrists' Program! How can we serve you?

For more information about individual coverage, please call (800) 245-3333 or e-mail TheProgram@prms.com.