Pharmacist liability insurance
Pharmacists have the knowledge and the ability to carry out researches on drug interactions, therapies and allergies.They are expected to understand the diseased condition as diagnosed by the doctor and through their best judgment should be able to prescribe the right kind of medication.
But there are a number of incidents where pharmacists are held responsible for wrong over the counter medication, wrong advice on treatment of minor diseases and many other issues.For such reasons it is important that all the pharmacy professionals should have pharmacist liability insurance so that their risk can be limited. Even if the employer provides liability insurance the pharmacist should get coverage independently.
Getting pharmacist liability insurance
Usually, the hospital or the pharmacy shop where the pharmacist works, would not keep the best interest of the person in mind when considering liability issues. The lawyers associated with the company or hospital would rather be busy in protecting the image of the company rather than protecting the pharmacist as an individual.
The pharmacist professional liability insurance is quite affordable and is available at rates often less than $200 per annum for $3 million coverage.The same amount of coverage when taken by medical specialties of other fields like OB/ GYN can cost up to $200,000 premium per annum.
There are a number of insurance companies like Pharmacists Mutual and HPSO that offer discount rates on pharmacist liability insurance.
Who should take pharmacist liability insurance
The pharmacist liability insurance is not only meant for pharmacists.If you are a pharmacy extern, pharmacy intern, or even a pharmacy student, this liability insurance is also for you.
The exposure of pharmacists to lawsuits has increased drastically and on the other hand the responsibility of pharmacists towards contributing to the medical field has also increased. This has made it important for all pharmacists to have a professional liability insurance, which can protect them from such cases.
Eligibility for pharmacist liability insurance
For applying for pharmacist liability insurance it is important that the applicant must possess appropriate licensure or certification (as per their state requirements). Once that the application form is completed and all the information is provided the insurance company through which you are applying would verify all the information and after you are approved formally the coverage becomes effective and you can start paying your premium.
Some of the insurance companies providing pharmacist liability insurance are mentioned below:
Allied Healthcare Professional Insurance Center:
Contact details: e-mail: or toll-free at 1-800-253-5486 from 8am - 5pm, CST, Monday through Friday.
Pharmacist Mutual:
Contact details: 808 Hwy 18 West, PO Box 370, Algona, IA 50511-0370; phone: 515-295-2461, toll free: 800-247-5930, Fax: 515-295-9306, E-mail:
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