Individual Professional Liability Insurance for Healthcare Professionals

Pharmacists Mutual provides the professional liability coverage that is vital to your business as well as you personally.  Our policies are specifically designed to understand the risks you face and the challenging needs of your business. We specialize in professional liability coverage for:

• Pharmacist
• Pharmacy Technician
• Student Pharmacist
• Dentist
• Student Dentist
• Dental Hygienist

We know you have options for malpractice insurance coverage, but our mission at Pharmacists Mutual is to help our customers attain peace of mind through specialized insurance products, risk management solutions, and superior personal service. Here are 10 reasons to buy your policy coverage from Pharmacists Mutual.

1. Proactive understanding of claims - If you are experiencing losses, we get to the heart of why losses are occurring and address fundamental issues that are tied to each occurrence.
2. On-staff professionals and legal counsel - We provide you guidance and risk management solutions with on-staff professionals.
3. Experience - We have been dedicated to the insurance industry since 1909.
4. Knowledge backed by research - We continually seek knowledge about how losses occur to assist members in managing potential threats.
5. 24/7/365 policyholder and claim service - When dealing with real-life circumstances, you want to deal with real-life people. We are here when you need us most.
6. Financial security and stability - Financial security and stability is important. We have earned an A.M. Best “A” (Excellent) rating for more than 90 years.
7. One-stop-shop - We have an expanding portfolio of products and insurance solutions to be your single source of insurance coverage.
8. Personalized service - Building relationships is key. Pharmacists Mutual offers personalized service from our dedicated local representatives, home office team, and on-staff pharmacists.
9. Unsurpassed dedication - Pharmacists Mutual offers a fully integrated insurance program for members. Our goal is to offer peace of mind and we believe that goes beyond providing only insurance coverage.
10. Coverage designed with your needs in mind - We stay informed of industry changes to better design coverages you may need.

Healthcare professional liability insurance policies, including those for dentists and pharmacists, protect covered professionals from liability associated with claims of bodily injury, medical expenses, or property damage as a result of wrongful practices. The policies also cover some or all of the cost in defending lawsuits related to such claims.

Policies and coverages are quite complex, most professional liability policies are constructed of six primary parts:

1. Insuring agreements: This outlines the insurer’s obligation to pay for damages on behalf of the policyholder.
2. Protected parties: This defines exactly who is covered under the terms of the policy, and whether that includes staff and the business.
3. Limits of coverage: The limits define maximum coverages for claims. These may be on a per-claim basis or aggregate total limit of claims made against a policy.
4. Exclusions: This outlines circumstances in which the policy will not cover a claim. Exclusions can exist in the form of certain procedures that aren’t covered, or specific behaviors that negate coverage, such as drug/alcohol abuse or sexual misconduct.
5. Conditions: Also known as the rights and requirements, these lay out the procedures necessary by each party in response to a claim.
6. Definitions: This section helps explain certain terms used within the policy.

Your highly experienced, expert agents at Pharmacists Mutual can help you fully understand all the complexities and nuances of different professional liability policies, as well as tailor a policy that understands and addresses all your specific risks.