HeyPsych
Find SupportPractice ArchitectBrowseSearch

If you're in crisis, help is available 24/7

Call or text 988|More resources
HeyPsych

Better mental health starts with better decisions.

Learn about our clinical review process

Explore

  • Conditions
  • Treatments
  • Tools
  • Find Care

Resources

  • Learn
  • Assessments
  • Support & Crisis
  • For Clinicians

Company

  • About
  • Privacy
  • Terms
  • Contact

© 2026 HeyPsych. All rights reserved.

HeyPsych provides decision-support information. Not a substitute for professional medical advice.

Tools/Compare

PRMS vs Trust Risk Management Services (APA Insurance Trust)

Show:
Detail:
Attribute
malpractice-insurance

PRMS

Professional Risk Management Services

malpractice-insurance

Trust Risk Management Services (APA Insurance Trust)

Trust Risk Management Services

PRMS
Trust Risk Management Services (APA Insurance Trust)
Key Differencesat a glance
PRMS:Purpose-built for mental health
Trust Risk Management Services (APA Insurance Trust):Purpose-built for mental health

Overview

Tool Name
PRMS
Trust Risk Management Services (APA Insurance Trust)
Tool Name
PRMS
PRMS
Trust Risk Management Services (APA Insurance Trust)
Trust Risk Management Services (APA Insurance Trust)
What It Is
The leading malpractice insurer for psychiatrists, endorsed by the American Psychiatric Association for 40+ years.
APA-endorsed professional liability insurance exclusively for psychologists with 50+ years of specialized coverage.
What It Is
PRMS
The leading malpractice insurer for psychiatrists, endorsed by the American Psychiatric Association for 40+ years.
Trust Risk Management Services (APA Insurance Trust)
APA-endorsed professional liability insurance exclusively for psychologists with 50+ years of specialized coverage.
Primary Category
malpractice-insurance
malpractice-insurance
Primary Category
PRMS
malpractice-insurance
Trust Risk Management Services (APA Insurance Trust)
malpractice-insurance
Founded
Unknown
Unknown
Founded
PRMS
Unknown
Trust Risk Management Services (APA Insurance Trust)
Unknown
Best For
Psychiatrists in private practice; Forensic psychiatrists needing expert witness coverage; Psychiatrists prescribing ketamine or doing ECT
Licensed psychologists (PsyD, PhD); Psychology doctoral students and interns; Psychologists doing forensic or custody work
Best For
PRMS
Psychiatrists in private practice; Forensic psychiatrists needing expert witness coverage; Psychiatrists prescribing ketamine or doing ECT
Trust Risk Management Services (APA Insurance Trust)
Licensed psychologists (PsyD, PhD); Psychology doctoral students and interns; Psychologists doing forensic or custody work

Pricing

Starting Price
~$2,000/year
~$350/year
Starting Price
PRMS
~$2,000/year
Trust Risk Management Services (APA Insurance Trust)
~$350/year
Pricing Model
flat-annual
flat-annual
Pricing Model
PRMS
flat-annual
Trust Risk Management Services (APA Insurance Trust)
flat-annual
Free Trial
No free trial
No free trial
Free Trial
PRMS
No free trial
Trust Risk Management Services (APA Insurance Trust)
No free trial
Pricing Details
APA members receive preferred rates. Premiums vary by state, procedure mix (ECT, ketamine), forensic work, and coverage limits. Psychiatrist premiums are generally higher than non-prescriber mental health professionals due to medication liability.
APA members receive preferred rates. Premiums vary by state, coverage limits, practice focus (forensic work costs more), and hours worked. Online quotes available.
Pricing Details
PRMS
APA members receive preferred rates. Premiums vary by state, procedure mix (ECT, ketamine), forensic work, and coverage limits. Psychiatrist premiums are generally higher than non-prescriber mental health professionals due to medication liability.
Trust Risk Management Services (APA Insurance Trust)
APA members receive preferred rates. Premiums vary by state, coverage limits, practice focus (forensic work costs more), and hours worked. Online quotes available.

Compliance & Security

HIPAA Compliant
No
No
HIPAA Compliant
PRMS
No
Trust Risk Management Services (APA Insurance Trust)
No
BAA Available
No
No
BAA Available
PRMS
No
Trust Risk Management Services (APA Insurance Trust)
No
SOC 2 Certified
Unknown
Unknown
SOC 2 Certified
PRMS
Unknown
Trust Risk Management Services (APA Insurance Trust)
Unknown
HITRUST Certified
Unknown
Unknown
HITRUST Certified
PRMS
Unknown
Trust Risk Management Services (APA Insurance Trust)
Unknown

Features

Mobile App
No
No
Mobile App
PRMS
No
Trust Risk Management Services (APA Insurance Trust)
No
Mental Health Specific
Yes
Yes
Mental Health Specific
PRMS
Yes
Trust Risk Management Services (APA Insurance Trust)
Yes

Integrations

Total Integrations
None listed
None listed
Total Integrations
PRMS
None listed
Trust Risk Management Services (APA Insurance Trust)
None listed

Support & Fit

Practice Sizes
Solo, Small (2-10), Medium (11-50)
Solo, Small (2-10), Medium (11-50)
Practice Sizes
PRMS
Solo, Small (2-10), Medium (11-50)
Trust Risk Management Services (APA Insurance Trust)
Solo, Small (2-10), Medium (11-50)
Customer Base
Unknown
Unknown
Customer Base
PRMS
Unknown
Trust Risk Management Services (APA Insurance Trust)
Unknown

Ready to Get Started?

Visit these tools to learn more or request a personalized demo.

Try PRMS
Try Trust Risk Management Services (APA Insurance Trust)
Browse all tools
PRMS
Trust Risk Management Services (APA Insurance Trust)