Bringing more than a century of trusted service as a mutual insurer, we firmly believe that your success drives our own. The more effective we are in mitigating loss from happening in the first place, and controlling loss when it occurs, the easier it is to minimize the impact of that loss on bottom line results. At Pharmacists Mutual, we offer proven experience in helping to prevent and manage risk in the areas of professional liability, workers compensation, human factors and ergonomics, property and crime exposure, litigation exposure, and commercial automobile loss or damage.
The Right Foundation for Success
The financial peace of mind resulting from effective risk management begins with our shared commitment to achieving meaningful results. We work collaboratively with our customers to establish priorities and clear objectives, examine concerns, uncover underlying problems, and design solutions that make sense.
Our Services
To effectively manage risk, you need to take a comprehensive approach that aligns with the unique needs of the organization. You must pinpoint hazards, develop controls, and integrate your workforce into that new approach. Risk management strategies need to fit each individual organization and the way it conducts business. That’s why we work with companies to better prioritize issues and design innovative approaches to help drive down cost and better manage issues. We collaborate with underwriting, claims, and field agents to deliver a seamless service package that works for you.
Our Approach
Successful risk management is not a one-size-fits-all approach. Instead, our members have different needs, their own levels of risk exposure, and unique problems that may call for specialized expertise.
Our approach to risk management includes:
- Strategic planning – We find out how to integrate risk management into the way you conduct business.
- Loss analysis – We get to the heart of why losses occur and address fundamental issues related to the people, equipment, materials, and environment tied to their occurrence.
- Risk management program review – We examine existing programs, from employee selection and training to hazard detection and corrective action design.
- On-site visits, phone service, and email support – We come to your site or work with you remotely by email, phone, or shared meeting at times that work with your schedule.
Pharmacists Mutual leads the way in research and development of control practices that effectively prevent and manage loss. Recognized experts in our field, we share insight with the industry and with our members through newsletters along with presentations and webinars to associations, buying groups, and pharmacy schools.
Specialized Expertise
Our risk management professionals bring years of hands-on practice and expertise, helping us deliver effective solutions that work within the world in which our customers operate. Our breadth of expertise includes work with:
- Retail and Institutional Pharmacists
- Pharmacy Legal Risk
- Occupational Health and Safety
- Human Factors and Ergonomics
- Regulatory Compliance
- Consulting Small to Fortune 100 Companies
- Fleet, Workers Compensation, Property, and General Liability
- Employment Practices
- Crime Prevention
Hot Line
When members need to reach our risk management team, they have easy access through our hotline email support at riskmgmt@phmic.com. Simply include a brief subject and short synopsis of your issue along with your full name. We’ll review your request and route it to the appropriate team member for prompt response.
Training and Education
You can depend on Pharmacists Mutual for comprehensive risk management training that brings audiences up-to-speed on important topics. We have a long track record for presenting to leading trade associations, pharmacy schools, buying groups, national organizations including the Rx Drug Abuse Summit, and for employers in home health care, pharmacy, and home medical equipment fields. We offer engaging educational programs in small informal groups, traditional lecture style formats, or via webinar. Ask about customized training to align with your operations on topics most important to your organization.
Pharmacists Mutual Risk Management Center
Have you heard about our new Risk Management Center? For more information on our Risk Management Center and to sign up for your free account, click the Risk Management Center button below.