Pharmacy Package
Operating a pharmacy involves unique risks, from dispensing medications to managing sensitive patient data. Even with stringent protocols, unforeseen incidents can occur—be it a dispensing error, a cyberattack, or property damage.
Pharmacy Insurance is designed to protect your business against these risks, ensuring continuity and peace of mind. Whether you're an independent pharmacist or part of a larger chain, having the right insurance in place is crucial.
Our team of commercial brokers is ready to help you find the optimal coverage tailored to your pharmacy's needs.
Overview
At Brady Insurance, our specialist advisors understand the intricacies of the pharmaceutical industry. We recognize that each pharmacy has distinct requirements, and we're committed to providing customised insurance solutions.
What's covered?
- Professional Indemnity (Errors & Omissions): Covers legal costs and damages arising from dispensing errors or incorrect advice.
- Public Liability: Protects against claims from third parties for injury or property damage occurring on your premises.
- Employers Liability: Covers employee claims for work-related injuries or illnesses.
- Property Damage: Safeguards your building, contents, and stock against risks like fire, flood, or theft.
- Business Interruption: Compensates for lost income during periods when your pharmacy cannot operate due to covered events.
- Cyber Cover: Protects against data breaches, cyberattacks, and associated liabilities.
- Legal Expenses: Covers legal costs for employment disputes, tax investigations, and more.
- Fidelity Guarantee: Covers losses due to employee dishonesty or fraud
Whats Covered
Key Coverages Available are:
- Errors & Omissions Dispensing Risk
- Public Liability
- Employers Liability
- Shop Cover Incl Stock
- Property Damage
- Cyber Cover
- Legal Expenses
- FIdelity Guarantee
Frequently Asked Questions
- What risk management practices should pharmacies implement?
- What Limits of Indemnity should I have?
- What Cover do you provide for Locums?
- Are dispensing errors always covered under my pharmacy policy?
- Why do I need Cyber Insurance if I already have a secure IT system?
- How expensive is your policy?
Examples of Claims
- Dispensing Error: A patient receives the wrong medication, leading to a claim covered by Professional Indemnity Insurance.
- Cyberattack: A data breach exposes patient information, with Cyber Insurance covering notification costs and legal fees.
- Property Damage: A fire damages the premises, and Property Insurance covers repair costs and stock replacement.
- Business Interruption: Flooding forces temporary closure, with Business Interruption Insurance compensating for lost income.
- Employee Injury: An employee slips in the stockroom, with Employers Liability Insurance covering medical expenses and compensation
- Legal Expenses: Employee files an Unfair Dismissal claim against you alleging improper procedures and discrimination.
Read More About Us
Our Dedicated Pharmacy Team
Ann Cosgrove
Commercial Insurance Broker
- Carrick on Shannon
- 071 9620193
- DD
- 0719628018
