Pharmacists Mutual is committed to providing you with coverage designed with your needs in mind. With over 100 years’ experience in the pharmacy profession, we understand the risk and challenges you face. As you know, the pharmacy profession is ever-changing and expanding, and with these changes, there is a proportional risk in professional liability exposure. The Pharmacists Mutual professional liability policy is tailored specifically for you. Our goal is to offer peace of mind, and we believe that goes beyond providing only insurance coverage.
Are You Covered?
WHO WE COVER
Employed Pharmacists
Hospital Pharmacists
Community Pharmacists
Clinical Pharmacists
Long-Term Care Pharmacists
Nuclear Pharmacists
Consultant Pharmacists
Self-Employed Pharmacists
Volunteer Pharmacists
Retired Pharmacists
Pharmacy Instructors
Student Pharmacists
LIMITS OF LIABILITY AND WHAT WE COVER
Limits of $1 million per occurrence and $3 million aggregate (higher limits may be available)
- Coverage Options:
- Exclude Sterile Compounding
- Include Sterile Compounding
- Advanced Pharmacist License
- Immunizations and Other Drug Administration
- COVID-19 Testing and Immunizations
- Drug Regimen Reviews and Medication Therapy Management (MTM)
- Drug or Drug-Related Research
- Medication Consultation
- Drug and Device Storage
- Participation in Drug and Device Selection
Loss of Earnings - $1,500 per day, up to $50,000 limit
Pharmacist License Defense - $250,000 limit
Board of Pharmacy Imposed Costs* - $2,500 limit
HIPAA Claim Defense - $50,000 limit
Assault - $25,000 limit
Sexual or Physical Abuse Liability - $50,000 limit (higher limits may be available)
PROFESSIONAL COVERAGE COMPARISON
PHARMACISTS MUTUAL INSURANCE COMPANY | COMPETITOR | |
|---|---|---|
| Pharmacists Professional Liability | $1MM per occurrence / $3MM aggregate $2MM per occurrence / $4MM aggregate | $1MM per occurrence / $3MM aggregate |
| Sterile Compounding | Available | ? |
| Pharmacists License Defense Coverage | $250,000 per occurrence / $250,000 aggregate | $25,000 |
| Board of Pharmacy Imposed Costs* | $2,500 sublimit | ? |
| HIPAA Claim Defense Coverage | $50,000 | $25,000 |
| Assault Coverage | $25,000 | $25,000 |
| Sexual and Physical Abuse Coverage | $50,000 | $25,000 sublimit |
| Loss of Income | $1,500 per day / $50,000 per occurrence | 1,000 per day / $25,000 aggregate |
| Legal fees – Respond to Subpoena | $50,000 limit | $10,000 aggregate |
*Costs do not include fines or penalties.
Policy terms and conditions control.
Coverage may not be available in all states and territories.
For more information on products and coverage, contact your local field agent.