Insurance for Pharmacies

As a pharmacist, you operate at the critical intersection of healthcare and business, where precision and responsibility are paramount. From dispensing vital medications to offering healthcare advice, your role is indispensable, but it also comes with significant risks. Whether it’s an unexpected lawsuit, a costly error, or a disruption to your supply chain, the challenges you face daily can have far-reaching consequences for your business. This is why having the right business insurance is not just advisable—it’s essential.

Why do Pharmacies choose Acer Insurance?

At Acer Insurance, we understand the unique challenges that pharmacists like you encounter. With years of experience providing specialised business insurance, we offer tailored solutions that address the specific risks associated with your profession. And, should you need to claim, Acer Insurance will be on hand every step of the way to support you through the claims process.

What insurance would I need?

We will work closely with you to create a plan that fits the unique aspects of your business to protect you against a wide range of potential issues. These can range from professional liability and property damage to business interruption and employee-related claims. There are a few protection options we will need to consider:

• Professional Liability Insurance: Protects against claims of malpractice or errors in dispensing medication.
• Public Liability Insurance: Covers claims of bodily injury, property damage, or personal injury that occur on your business premises.
• Employers’ Liability Insurance: Protects against claims from employees regarding wrongful termination, discrimination, or harassment.
• Stock Coverage (Including Drugs): Covers your inventory of medications, ensuring you’re financially protected if your stock is lost, stolen, or damaged.
• Deterioration of Refrigerated Stock: Protects against losses due to the spoilage of refrigerated medications, vaccines, or other temperature-sensitive products in the event of equipment failure.
• Property Insurance: Safeguards your building, inventory, and equipment from damage or loss.
• Business Interruption Insurance: Compensates for lost income if your pharmacy can’t operate due to a covered event.
• Product Liability Insurance: Protects against claims related to defective or harmful products sold.

Other protection options you may wish to consider:

• Cyber Liability Insurance: Covers losses from data breaches and cyber-attacks.
• Commercial Van Insurance: Insures vehicles used for business purposes.
• Equipment Breakdown Insurance: Pays for repair or replacement of essential equipment that fails.

Contact us for a quote today

We don’t offer one-size-fits-all policies; instead, we take the time to understand your business’s specific needs. Our team of experts works closely with you to craft an insurance plan that provides robust protection without unnecessary costs.

Call 01959 528435 for an immediate quotation or leave your details below and one of our expert insurance brokers will call you back.