Whether you work in a clinical or non-clinical setting,
Pharmacist Liability Insurance is essential to your professional well-being.
What is Pharmacist
As a Pharmacist, you play a critical role in a patient’s healthcare journey.
Patients trust you to safely prepare and distribute the medications they need to feel their best.
Yet, in every healthcare profession, there is risk involved. Think of Pharmacist Professional
Liability Insurance as protection for your peace of mind.
Mistakes happen and can disrupt the flow of your business in a matter of minutes.
Professional Liability Insurance for Pharmacists protects against risks associated with the
services you provide, including prescription drug errors.
What Does Pharmacist Liability Insurance Cover?
At the very least, a comprehensive Pharmacist Professional Liability Insurance policy should include:
- General Pharmacist Liability Insurance (a.k.a. Commerical General Liability Insurance)
This is the go-to Pharmacist Liability Insurance that every pharmacist should have regardless of training or experience. A General Pharmacist Liability insurance policy protects pharmacists against third party claims, such as a slip-and-fall injury.
- Pharmacist Malpractice Insurance
Pharmacist Malpractice Insurance is a type of Professional Liability Insurance for pharmacists, which protects against claims related to professional activities, such as drug administration errors.
Talk to your broker about customizing your Pharmacist Liability Insurance policy to include additional types of coverage.
Frequently Asked Questions
Yes, all of our insurance providers and Pharmacist Liability Insurance policies are association-approved.
Pharmacist Malpractice Insurance is a type of Professional Liability Insurance for pharmacists. Due to the nature of your work, your actions or advice may lead to accidental bodily injuries, for which you could be liable.
While many employer’s Pharmacist Liability Insurance policies cover their employees, the more independence you have in your career, e.g. medication management, the more at risk you are. Review the extent of your employer’s coverage, as you may consider purchasing indiviual Pharmacist Liability Insurance to protect yourself from being held liable for accidents or injuries that are a result of your actions.
How Much Does Pharmacist
Liability Insurance Cost?
How much your Pharmacist Professional Liability Insurance policy costs depends on several factors, such as:
- Years of experience
- Level of education or training
- Types of services offered
We’ve partnered with Canada’s largest insurance companies to provide the most competitve Pharmacist Liability Insurance rates for you.
To find out how much Pharmacist Malpractice Insurance can cost for you simply click on the button below:
Common Pharmacist Malpractice
Claims in Canada
You misread a decimal point in a patient’s prescription and accidentally administer ten times too much medication.
During a busy shift, you accidentally mislabel and administer the wrong medication to a patient.
You fail to check what medications a patient is currently taking before giving them a new drug, which causes a negative reaction.