Pharmacist

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?

WHAT IF

you provide COVID-19 testing or immunizations?

WHAT IF

you were named individually in a lawsuit?

WHAT IF

you have a second job, volunteer, or give advice to a friend or neighbor?

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.