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Psychiatrists' Purchasing Group, Inc. (PPG) is a non-profit corporation that operates pursuant to the federal Risk Retention Act of 1986. That law authorizes the formation of purchasing groups as a means by which individuals with similar liability risk can purchase insurance to cover that risk and, potentially, utilize economies of scale to achieve advantages in the form of lower premiums or benefits of coverage that might otherwise not be available. PPG is the purchasing group for The Psychiatrists' Program, a professional liability insurance program for psychiatrists and other mental health professionals working with them. Professional Risk Management Services, Inc., (PRMS) is the Program manager. As sponsor of The Psychiatrists’ Program, PPG performs such functions as advising PRMS on matters relating to the practice of psychiatry, assisting PRMS in regard to risk management education programs, and assisting Program participants and applicants in their contacts with PRMS. |
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The Psychiatrists' Program There are approximately 9,000 psychiatrists currently enrolled in The Psychiatrists’ Program. Serving individual practitioners and those who practice in group settings as well, The Program is offered in all 50 states and the District of Columbia . Policies are issued by National Union Fire Insurance Company of Pittsburgh , PA , and Lexington Insurance Company, both of which are A rated member companies of American International Group (AIG). The Psychiatrists’ Program is endorsed by the American Psychiatric Association. Additional information about The Psychiatrists' Program can be obtained online at www.psychprogram.com or by contacting PRMS, the Program manager, at (800) 245-3333 or TheProgram@prms.com.
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