Each month, the PRMS underwriters are sharing insights on some of the top questions received from clients and potential insureds. One topic that has regularly been asked month over month: What is the difference between a claims-made and occurrence policy, and which one is best for me? What is a claims-made policy? A claims-made policy generally protects you if named in a practi ...
Claims Made on the PRMS Blog
Q & A with PRMS Insurance Services Team
An insurance policy with PRMS provides our clients with peace of mind. And this June 28th, in honor of National Insurance Awareness Day, we asked the PRMS Insurance Services team to share a few of the most common questions they receive from clients – and just what’s so great about a PRMS insurance policy. What has been the most common question received by Insurance Services in ...
Preparing for Psychiatry Private Practice
Starting or joining a private practice is an exciting time, but it can also be risky. An essential way to protect your professional reputation and reduce risk is to obtain comprehensive medical professional liability insurance. In this post I will address some important steps you can take to help create and maintain a successful practice. Build good relationships If you are ent ...
Why Didn’t Anyone Teach This in Residency?
A Guest Blog by Rich Stagnato, PRMS Accounts Representative Private practitioners who need to keep track of reimbursement for their services and maintain records can find that keeping track of medical malpractice policies can also be a challenge. Some insurance companies promote claims made policies as the only or preferred option but, in reality, there are other choices availa ...
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