PROTECTING YOUR BUSINESS FOR THE HEALTH OF YOUR PATIENTS
Professional liability coverage for pharmacies is quickly becoming outdated. As insurers that used to cater to pharmacies eliminate professional liability coverage from their policies or place restrictions on how pharmacists may practice, many pharmacists are scrambling to secure the right type of protection.
We can help. The insurance partners of the California Pharmacists Association and Mercer have developed a customized business owners policy program that provides the stability and flexibility pharmacy owners need today. And because of our expertise, we know how to put the pieces together into a comprehensive solution that gives you better protection for your premium dollar.
Features of the Pharmacy Business Owners Policy program include:
When was the last time you reviewed your Pharmacists professional liability protection provided by your business owners package policy? The CPhA-sponsored Business Owners Package program provides a variety of important coverages including:
Immunizations and Compounding
Many policies exclude or restrict coverage for these professional activities. That’s why CPhA made sure its members receive the professional liability protection they need to grow their business. This policy is enhanced by defining Pharmacy Services as the art, practice, or profession of preparing, preserving, compounding, dispensing, administering, and consulting upon medicines, medical drugs, supplies, equipment or devices used in the treatment of medical disorders and maladies rendered by the insured in the capacity of a pharmacy or pharmacist. This clear definition allows you to practice your profession with a focus on your patients instead of your insurance policy.
Data Compromise Coverage – $50,000 limit (special sublimits apply)
Identity Recovery Coverage – $15,000 annual aggregate (special sublimits apply)