PRMS
Professional Risk Management Services
The leading malpractice insurer for psychiatrists, endorsed by the American Psychiatric Association for 40+ years.
About PRMS
PRMS (Professional Risk Management Services) has been the American Psychiatric Association's endorsed professional liability insurance program since 1983. They exclusively serve psychiatrists and understand the unique liability risks of psychiatric practice, including medication management, involuntary commitment decisions, boundary issues, and forensic work. PRMS offers occurrence-based policies with limits up to $3M/$3M through A+ rated carriers. Their policies include coverage for telepsychiatry, ECT procedures, ketamine/esketamine treatment, collaborative care arrangements, and forensic psychiatry. PRMS is known for their psychiatric-specific risk management resources, including the acclaimed Psychiatrists' Program newsletter, risk management seminars, and access to expert consultation on liability questions. Their claims team has deep expertise in defending psychiatric malpractice cases. APA members receive preferred rates and additional benefits.
Best For
- • Psychiatrists in private practice
- • Forensic psychiatrists needing expert witness coverage
- • Psychiatrists prescribing ketamine or doing ECT
- • APA members seeking endorsed coverage
Not Ideal For
- • Non-physician mental health providers
- • Psychologists, therapists, or social workers
- • PMHNPs (consider CM&F or HPSO instead)
- • Those seeking lowest possible premium
Pricing
~$2,000/year
Compliance & Security
Always verify compliance directly with the vendor.
Target Audience
Roles
Settings
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