Safeguard your financial future with the only Professional Liability coverage sponsored by the California Pharmacists Association.
The bottom line: Whether justified or not, a malpractice suit could cost you thousands or ruin the career you’ve worked so hard to build. Your best defense? Coverage up to $2 million per incident, $4 million annual aggregate, with the Marsh-administered Professional Liability Insurance Plan, underwritten by Liberty Insurance Underwriters Inc., a member company of Liberty Mutual Group.
Having your own policy could mean you’re covered for pharmacy services you perform even outside of your employment. Plus, this program uses an “occurrence form” that covers any designated professional service you perform while the Insurance Policy is in force. So, your coverage is active even if a suit or claim is made years later.
As a pharmacist, you’ve devoted years to study and training. Your skills and experience are constantly being tested…with stressful conditions, and difficult patients or clients. How you respond can determine your professional reputation and your future.
Under such circumstances, it’s too easy for something to go wrong. A malpractice suit or a charge of negligence—justified or not—could mean the end of your career. That’s why we strongly urge that you have the proper Professional Liability protection.
Protection You Can Count On, Now and in the Future
As a pharmacist, this policy protects you in the event of an error or omission in the practice of pharmacy for all procedures approved by the California Board of Pharmacy as long as you have received the proper training and/or certification required and you are acting within the scope of practice.
Employer-Provided Coverage is Limited
You can’t rely solely on the liability protection provided by your employer. Without your own personal liability protection, you could end up paying all attorney fees, court costs and loss of wages out of your own pocket because…
- There may be gaps in your employer’s policy.
- A suit may be filed after you have terminated employment.
- Most employer-provided coverage does not cover you for actions that take place outside the workplace.
- With employer-provided coverage, you have to share your coverage with your coworkers, your employer and the entity.
- A consolidated defense for an employer usually represents the interest of the employer, not you.
This protection is yours alone—it is not shared among your coworkers or with your employer. A qualified consent-to-settle clause enables you to make the final decision in settling your claims.
And, it protects you if someone you supervise, and for whom you are legally liable, is named in a suit.
Your coverage includes:
- A QUALIFIED CONSENT-TO-SETTLE CLAUSE that requires your consent to settle.
- REIMBURSEMENT OF DEFENSE COSTS up to $5,000 per incident/$10,000 per policy period for the investigation or defense of proceedings before most entities responsible for regulating your professional conduct (i.e., licensing boards).
- DEPOSITION ASSISTANCE up to $5,000 per policy period for legal representation for depositions related to your professional duties. This coverage applies when you’re not named in a claim but are required to be deposed, for instance, as a witness.
- LOST WAGES pays up to $10,000 per incident/occurrence for attendance at a trial, hearing or arbitration proceeding for a covered claim. “Reasonable expenses” are included in this limit.
- LOCUM TENENS COVERAGE for when another professional temporarily assumes your duties and provides services on your behalf for a specific period of time. The locum tenens shares in your limits of coverage (for self-employed only).
- If you assume liability in a managed care contract, you will be COVERED FOR ACTS OR OMISSIONS for which you are solely responsible.
- REIMBURSEMENT FOR FIRST-AID EXPENSES up to $2,500 for medical supplies when you respond to an emergency.
- ASSAULT COVERAGE up to $5,000 per incident/$10,000 per policy period. Coverage includes travel to and from the workplace.
- Coverage if sued for allegedly causing MENTAL ANGUISH AND EMOTIONAL DISTRESS.
- LEGAL FEES AND COURT COSTS ARE PAID in addition to your limits of liability.
- COVERS YOU ANYWHERE IN THE WORLD, provided the claim is made or suit is brought within the United States, its territories or possessions, or Canada.
- DAMAGE TO THE PROPERTY OF OTHERS up to $500 is provided for damage you unintentionally inflict on the property of others during any nonbusiness pursuit, yet related to your personal duties (for individuals only).
- SUPPLEMENTAL LIABILITY FOR NONBUSINESS PURSUITS provides bodily injury and property damage coverage for occurrences not related to your professional duties.
- MEDICAL PAYMENT(S) COVERAGE for all persons for nonbusiness pursuits if someone is injured in or around your home, for example (for individuals only).
- ADDITIONAL INSURED COVERAGE available—protects a healthcare facility you contract with to provide services against claims arising out of the sole negligence of the named insured (for self-employed only).
If you are a group practice, your coverage will also include:
- For qualified group practices, a premium credit applies. Depending on the number of professionals in the group, credits range from 4% to 12%.
- Volunteers are automatically covered.
- You may also be protected for “moonlighting” activities related to your profession.
Why should you purchase this coverage?
With coverage up to $2 million per occurrence, $4 million annual aggregate, it may be needed when...
- You’ve been named in a covered professional liability lawsuit.
- Your covered case is settled for a large sum of money.
- You’re required to cover multiple covered claims in one year.
- You’ve been subpoenaed to appear at a deposition.
- You’ve missed work due to court appearances, on a covered claim.
Self-employed applicants may also purchase the following:
- Additional Insured—Protects a healthcare facility that you provide services to (should only be purchased if the facility requires).
- General Liability
- New to Practice—Immediately following graduation, you are eligible for a 50% premium discount on your first year of practice.
About this program
This brochure contains a summary of the Insurance Policy provisions. If there is a conflict between this brochure and the actual Insurance Policy, the Insurance Policy language will control.
Liberty Insurance Underwriters Inc., a Member company of Liberty Mutual Group
55 Water Street, New York, New York 10041
May not be available in all states.
Pending underwriter approval.
All coverages are subject to the terms and conditions of the policy.