Dave Beard

Expertly compared by Dave Beard

Products Updated June 4, 2018

Business Insurance For Pharmacists

Working as a pharmacist requires you to work professionally and reliably, every moment of every day. Customers will expect to receive advice from you that can help them to make the right decisions when it comes to medication or prescriptions. If you make a mistake or act negligent you could be liable against claims.

Our insurance experts can compare the market to find you the best deal on business insurance. Get a free quote and advice today:

4 providers expertly compared:

Simply Business

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Provider
Business Insurance

Products
Professional Indemnity, Public & Employers Liability Cover

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.8/ 5

All credit types

Simply Business is a broker that provides a wide range of business insurance cover. They specialise in small businesses and can advise, compare and arrange the right insurance products to ensure you are not only protected by get the best deal on the market.

4 providers expertly compared:

Available via broker only

Zurich

Provider
Zurich Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.6/ 5

All credit types

The right insurance package will give you the peace of mind to successfully grow your business. Zurich have an extensive suite of insurance products tailored to a wide range of small and SME businesses to ensure you have complete protection from all risks.

4 providers expertly compared:

AXA

Provider
AXA Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.7/ 5

All credit types

AXA business insurance can cover you and your business for every eventuality. Apply online today and save an extra 10% on your quote instantly.

4 providers expertly compared:

Hiscox

Provider
Hiscox Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.8/ 5

All credit types

Hiscox commercial business insurance provides a professional level of cover to protect every aspect of your business, from the premises to the people who work for you, and any legal matters that may arise from your day-to-day operations.

Read our customer and visitor reviews for this product:

Rating: 5 / 5 with 1 votes

Recieved quotes as promised.

by Clear Eye Wear Limited

Happy with the process and quotes. Simple to use and back up with a phone call. No pressure to buy, which was reassuring.

About Business Insurance For Pharmacists

Whether you are putting prescriptions together or advising customers on over-the-counter medicines your profession is highly regarded which means customers trust you. Just like any other job you are at risk of making errors but these errors could have severe consequences for you and your business. You could give your client the wrong advice or you could act negligently, both of which could cause illness and financial loss. If this is the case then your clients would have the right to file a claim against you in order to recover these losses. It is, therefore, vital that you protect yourself in every possible way because a claim can prove to be extremely damaging for your business.

Business Insurance For Pharmacists

Business Insurance For Pharmacists

Through choosing to put business insurance in place you can be sure that your business is protected in every possible way. If a customer makes a claim against you that is associated to negligence or incorrect advice then business insurance will deal with all costs involved, protecting your business and its finances. There are many costs involved with a claim and this can range from defence costs to compensation and court costs so having business insurance is extremely important.

How Does It Work?

You job means that you have to ensure that you customers remain safe and healthy and this means that you have to make the right decisions because any errors could cause you and your business problems. This is where business insurance makes complete sense.

Professional indemnity insurance is the insurance your need to protect your business from claims associated to wrong advice and negligence. Your clients rely on you to make the right decisions but failure to do so could result in a client becoming unwell which would leave them unable to work. You could give a client an incorrect dosage for their prescription that could lead to an overdose or you may even give them a completely wrong prescription. Acting negligently in this way would mean that your client would have the right to make a claim in order to recover any losses and receive compensation. Professional indemnity insurance would cover all costs associated with a claim.

When your clients visit your pharmacy to purchase medicine or to pick up a prescription you have to ensure that they remain safe. However, a simple mistake such as a wet floor without adequate warning signs could result in a customer having a nasty slip. They could make a claim against you for injury and loss of earnings but if you have public liability insurance this would ensure that your business is protected because it would cover every cost involved in fighting a claim and settling a claim.

The Features

Business insurance comes with following features:

  • Complete protection against every cost
  • Full and thorough assessment of every claim prior to payments being released
  • Protects your business in every way
  • Covers defence costs and settlement costs
  • Considers the needs of your business so that the right cover is there for you
  • Court attendance costs are included
  • Flexible payment options to suit your budget

What Are the Benefits?

You will experience these benefits:

  • Regulations and legal requirements will be met
  • Concentrate on your business and the way it operates
  • Your finances will be protected
  • Advice given by professionals and representation should you require it
  • Will give you belief in your business and help you to work professionally

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