Trust Risk Management Services

What Trust Risk Management Services does

Trust Risk Management Services, operating as 'The Trust' or 'The Trust Insurance', is a Rockville, Maryland-based private insurance provider that has specialized exclusively in professional liability insurance and risk management for psychologists and allied health professionals since 1962. The company underwrites tailored coverage across the full career arc of psychological practice — psychology students, pre-licensure psychologists, doctoral psychologists, master's-level practitioners, researchers/academicians, and allied health professionals such as social workers and counselors — addressing liability exposure for clinical practice, research, teaching, and consulting. Its core revenue stream is annual professional liability insurance premiums, supplemented by a bundled ecosystem of continuing education (CE) programs, the Advocate 800 Program (a confidential risk management consultation line), and the National Practice Conference.

The company's product surface extends well beyond an insurance contract. It offers APA- and NY State Board of Education-approved live and on-demand CE webinars across specialty series (HIPAA, Business of Practice, ABPP, Risk Management Roundtables, Telehealth Community Chats), independent learning curricula, a published risk management textbook with accompanying CE exam, and a free document library of practice templates and guides. Go-to-market is sales-led and multi-channel: direct online application and renewal, phone-based sales and consultation (800-477-1200), and a distribution layer built on state psychological association (SPTA) endorsements and association partnerships. Pricing is quote-based on annual policies, with a 15% premium discount offered for two consecutive years when policyholders complete 6 CE credits with The Trust — a mechanic that links retention directly to ecosystem engagement.

No proprietary technology platform, AI/ML capabilities, or app is described in available materials; the business runs on standard digital insurance servicing. The Trust is governed by a Board of Trustees, holds no disclosed parent company or outside investors, and operates from a single headquarters in Rockville, MD serving customers nationwide across the United States. Its competitive position rests on 60+ years of domain specialization, regulatory CE approvals, long-tenured policyholder relationships, and association-based distribution rather than on technology differentiation.

Name

Trust Risk Management Services

Legal name

The Trust Insurance

Website

https://trustrms.com

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

11–50 employees

Short description

Trust Risk Management Services (The Trust) is a US-based specialty insurer providing professional liability coverage and integrated continuing education and risk management services to psychologists and allied health professionals nationwide, operating since 1962.

Ownership category

akta.pro rank

Product category

Professional Liability Insurance

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Professional Liability (Errors & Omissions) (FSAJADAB)

akta.pro secondary industry

Professional Liability (E&O) (FSAJAGAC)

Keywords

• Professional liability insurance
• Psychologist malpractice coverage
• Risk management consulting
• Continuing education programs
• Allied health insurance

Headquarters

HQ city

Rockville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Professional Liability Insurance Premiums: The primary revenue stream is professional liability insurance premiums charged to psychologists and allied health professionals. Policies are typically annual or multi-year subscription-based coverage.
2. Continuing Education Programs: Revenue generated from CE bundles, on-demand webinars, workshops, and the National Practice Conference. CE credits are required for licensing compliance.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Trust Risk Management Services underwrites and distributes professional liability (malpractice) insurance for psychologists and allied health professionals at every career stage — students, pre-licensure, master's-level practitioners, doctoral-level clinicians, researchers, and academicians. It bundles the insurance with the Advocate 800 Program (confidential risk-management consultation), APA-approved continuing education (live webinars, on-demand bundles, independent learning, annual National Practice Conference), and a resource/document library.

Product overview

Trust Risk Management Services (The Trust) operates as an insurance and risk management platform offering professional liability insurance coverage across multiple tiers of psychological practice, complemented by an integrated suite of continuing education and risk management support services. The core product portfolio includes Professional Liability Insurance programs for psychologists at all career stages (students, pre-licensure, licensed practitioners, and experienced clinicians), plus Allied Health Professionals coverage. The service ecosystem is unified around the Advocate 800 Program for real-time risk consultation, paired with structured Continuing Education offerings (webinars, on-demand bundles, independent learning modules, and the annual National Practice Conference). All CE programs are APA-approved, and the platform maintains an extensive Document Library of practice support materials. Together, the insurance products and educational/risk management services form a comprehensive professional support ecosystem for psychologists.

Differentiator

Problem solved

Functional benefit

Products and services

• Professional Liability Insurance for Psychologists Core professional liability (malpractice) insurance coverage for licensed doctoral-level psychologists supporting clinical practice, research, teaching, and consulting activities. Sold as an annual policy to individual practitioners.
• Pre-Licensure Psychologists Insurance Affordable professional liability protection for pre-licensure psychologists during supervised practice and the first three years post-graduation.
• Psychology Students Insurance Tailored, affordable liability protection for psychology students at every stage of training.
• Practitioners of Psychology (Master's-Level) Insurance Liability coverage for master's-level licensed practitioners of psychology, protecting their career and reputation.
• Allied Health Professionals Insurance Comprehensive professional liability protection for mental-health and allied health professionals and students entering these fields.
• Research and Academician Liability Insurance Professional liability coverage tailored for psychologists engaged in research and academic activities.
• Other Insurance Programs (Life, Disability, Personal) Additional insurance coverage options including life, disability, and personal insurance designed to complement the Professional Liability policy for psychologists.
• Advocate 800 Program Confidential, real-time risk-management consultation program that provides unlimited expert guidance to Trust policyholders to help avoid or reduce malpractice actions and disciplinary complaints, available at no additional cost.
• Continuing Education Programs APA- and NY State Board of Education-approved continuing education for psychologists, including live webinars, on-demand bundles, and independent learning modules covering ethics, risk management, HIPAA, telehealth, and the business of practice. CE credits support license renewal compliance.
• Risk Management Book & CE Exam Self-paced independent learning program based on the book 'Assessing and Managing Risk in Psychological Practice: An Individualized Approach' (Second Edition) with accompanying CE exam.
• National Practice Conference Annual flagship conference providing continuing education, networking, and leadership programming for psychologists and allied mental-health professionals.
• Document Library & Quick Guides Free downloadable templates, checklists, and reference materials covering ethics, supervision, consent, documentation, and other practice support content for psychologists.

Quantifiable outcome

• 15% discount on Professional Liability premium for two consecutive years when completing 6 CEs

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• American Psychological Association (APA)coreStrategic or Co-development PartnerThe Trust is approved by the American Psychological Association to offer continuing education credits for psychologists. This endorsement validates the quality of CE programs and provides legitimacy for license renewal requirements.
• New York State Board of EducationcoreStrategic or Co-development PartnerThe Trust is approved to offer CE for psychologists by the New York State Board of Education, extending their CE program legitimacy to New York-licensed practitioners.
• ABPP (American Board of Professional Psychology)minorGTM or Marketing PartnerABPP Webinar Series co-branded continuing education content delivered to board-certified psychologists.
• State Psychological AssociationscoreChannel Partner/ Reseller/ DistributorState endorsement programs and partnerships with state psychological associations to distribute insurance products to members. Referenced as 'State Endorsements' on the website.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Professional Risk Management Services (PRMS): PRMS is a program manager specializing in professional liability insurance for mental and behavioral health professionals (psychiatrists, psychologists, therapists). It is highly comparable to The Trust because both run sponsor-style professional liability programs targeting the same risk profile and customer base.
• Healthcare Providers Service Organization (HPSO): HPSO underwrites professional liability and malpractice insurance for individual healthcare providers, including mental health professionals. It overlaps directly with The Trust's core product (professional liability for allied health and mental health practitioners) and serves similar solo and small-practice customers.
• CPH & Associates: CPH & Associates provides professional liability insurance to counselors, therapists, social workers, and other behavioral health professionals. It is directly comparable to The Trust because it targets the same allied mental-health segment with similar occurrence- and claims-made policy structures.
• American Professional Agency (APA Insurance Programs): American Professional Agency administers professional liability insurance programs for mental health professionals, including counselors and marriage and family therapists. Comparable to The Trust due to its sponsorship-based distribution model through professional associations.
• NASW Risk Retention Group: The NASW-endorsed risk retention group provides professional liability insurance for social workers. It competes with The Trust for allied mental-health customers and uses a similar association-endorsed, member-only distribution model.

Broad incumbents

• MedPro Group: MedPro Group is a Berkshire Hathaway-owned medical professional liability carrier serving physicians, dentists, and other healthcare providers. It is a broad incumbent competing for the same professional liability dollars as The Trust, but at much larger scale and across many more specialties.
• ProAssurance: ProAssurance is a publicly traded medical professional liability insurer covering physicians, allied health, and other professionals. It overlaps with The Trust on healthcare-related professional liability but operates as a diversified incumbent with materially greater capital and geographic reach.
• Marsh McLennan: Marsh is a global insurance broker and risk advisor that places professional liability coverage for healthcare and professional services firms. It is a broad incumbent in the same overall market where The Trust competes, but offers placement rather than sponsored programs.
• Aon: Aon is a global professional services firm offering insurance brokerage, including professional liability for healthcare and professional clients. Comparable to The Trust only at the broadest industry level since Aon does not run a psychology-specific sponsored program.
• Lockton: Lockton is a large independent insurance brokerage with affinity and professional liability practices serving associations and professional groups. It is comparable in that it competes for the same sponsored-program business that drives The Trust's distribution, but from a much broader portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@thetrustinsurance
• Facebookfacebook.com/trustrms
• LinkedInlinkedin.com/company/the-trust
• Instagraminstagram.com/thetrustinsurance
• Xx.com/trustrms

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trust Risk Management Services