· Top-notch legal counsel
· Highly rated insurance carrier
· Claims-made and occurrence coverage available*
· Administrative and Governmental Billing Defense Costs Endorsement
· Coverage for forensic psychiatric services included in the policy
· Portable coverage: if your practice moves to another state, you can
  take your coverage with you
· Prior acts coverage available*
· Tail premium for a claims-made policy waived:
     - after 10 years continuous claims-made coverage with The Program        (subject to underwriting)
     - for permanent retirement (age 55 or older) after five years
       continuous
       claims-made coverage with The Program (subject to underwriting)
     - for permanent disability at any age
     - for death
· Policies issued require the insured's consent to settle - no "hammer clause"***
· Professional premises liability*
· Defense costs as a supplement to policy limits
· Vicarious liability of other employed professionals or independent contractors coverage available
· Vicarious liability for supervision of professionals not employed or contracted by psychiatrist included
· Professional services provided as a Medical Director
· Publication of articles or books and broadcasting or telecasting activities directly relating to psychiatric services (when less than 20% of income is derived from such activities)
· Formal clinical teaching activities
· Psychiatric peer review, utilization review and participation on medical or medicine review committees
· General medicine incidental to psychiatry
· ECT/EST included at no additional charge
· Premium financing available (your annual premium must equal at least $2,000)

· Endorsed by the American Psychiatric Association
· Sponsored by the Psychiatrists' Purchasing Group

* may vary by state
** not available in New York under New York State law
*** please see policy for details

Program Discounts

The Program offers discounts in many areas of psychiatric practice. Learn more about these discounts here, which include (may vary by state):
· Early Career Psychiatrists*
· Military*
· Part-time Practitioners
· Members-in-Training*
· Child and Adolescent Psychiatrists(subject to individual account underwriting)
· Risk Management Education*
· Psychoanalysis as majority of practice*

* may vary by state

Types of Coverage

An occurrence policy responds to claims resulting from incidents which occur during the policy period, regardless of when the actual claim is made. Coverage need not be in force at the time the claim is reported. It is only necessary that coverage was in force at the time the alleged negligence occurred.

A claims-made policy responds to claims which are filed during the policy period arising from treatment provided after the retroactive date of the claims-made policy. As long as the claims-made policy is renewed, coverage will apply. If the policy is canceled, an extended claim reporting endorsement (tail) may need to be purchased. An extended claim reporting endorsement is provided at no additional cost to members whose coverage is canceled as a result of death or permanent disability. At retirement, a reporting endorsement is also provided at no additional cost when a member reaches age 55 and has maintained a claims-made policy for at least five years immediately preceding retirement. An extended claim reporting endorsement at no additional charge may also be available to any insured who has had 10 continuous years of claims-made coverage with The Program if they meet underwriting guidelines. For these options, insureds must meet underwriting guidelines and availability may vary by state.

A modified occurrence or claims-made with prepaid reporting endorsement combine the best features of both occurrence and claims-made coverages. Coverage is provided for the services rendered during the policy period. The cost of the extended claim reporting endorsement is included in the premium paid each year the policy is in force.

To learn more about insurance policies and related information, visit our Online Education Center for a complimentary multimedia tutorial.

Risk Management Services

· Risk management services support and educate participants through seminars, newsletters, manuals, and a self-administered risk evaluation tool.
· Risk Management Consultation Service (RMCS) staffed by experienced professionals with legal and clinical backgrounds, provide important advice and counsel on risk management issues encountered in your practice via a toll-free helpline.
· Online risk management practical pointers and articles on topics such as the termination of the psychiatrist-patient relationship and the elements necessary for proper release of medical records.

For more information about individual coverage call (800) 245-3333, ext. 389, e-mail TheProgram@prms.com or visit our online information request.

You can also download our applications.