Indemnity Insurance For Pharmacists

  • Highly competitive pricing on pharmacy insurance compared to other providers within the market
  • Insures the contents or stock of your pharmacy, up to $2 million in cover
  • Trusted by over 100,000 small businesses

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Insurance for pharmacy and pharmacists

... compared to other providers of pharmacy insurance within the market. Liability Insurances for pharmacists Professional Indemnity insurance* provides cover for you as a pharmacist for civil claims and disciplinary actions ...

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Professional Indemnity Insurance cost

... apply.  Get a hassle-free quote for your business here. What is the average monthly premium for Professional Indemnity insurance? From our analysis, we have found that 38% of customers are paying between $51 and $100 per ...

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What does Professional Indemnity Insurance cover?

... the chance of a claim occurring is real, no matter how good you are at your profession. Professional Indemnity insurance is designed to protect you from a wide range of potential risks. Even seemingly small errors, could ...

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What is Professional Indemnity Insurance?

... business? No matter how good you are at your job, we're all human and we all make mistakes. Professional Indemnity Insurance allows you to cover yourself if and when you do slip up in your normal course of work. Here are ...

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The benefits of Professional Indemnity insurance

... you need is the worry of a claim hanging over your head. Having the appropriate type of Professional Indemnity insurance policy in place provides you with peace of mind knowing you have something in place should a client ...

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Who needs Professional Indemnity insurance?

... a further look at the nitty-gritty of all things Professional Indemnity insurance. What is Professional Indemnity insurance? Professional Indemnity insurance is designed to respond to claims against your business for ...

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8 Facts About Professional Indemnity Insurance

... peace of mind, knowing that you're protected after you've closed up shop. 8. Getting your Professional Indemnity insurance sorted is easier than you might think. Gone are the days of ringing insurers one at a time to ...

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Professional Indemnity Insurance

... and if a minimum level of cover is required. When it comes to the cost of your Professional Indemnity insurance, there's no one price fits all policy. Every business is different , with each occupation carrying a ...

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Professional Indemnity Insurance for Consultants

... are at risk.One way to ensure that this never happens to you, is by purchasing something called Professional Indemnity Insurance , this is a very safe option to assure you are covered in the event that someone files suit ...

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Do I need Professional Indemnity insurance?

... for it or not, a claim must be defended - ignoring it won't go away. Don't despair. Professional Indemnity insurance is your best defence when faced with a claim. You get the assistance of an expert insurer by your side ...

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Insurance for Architects

... to plan. A simple error or omission could lead to a costly Professional Indemnity claim. Thankfully, Professional Indemnity insurance is designed to provide your business with a solid plan. It helps protect businesses ...

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Insurance for IT Professionals

... be no dispute between insurers as to which policy should respond to a claim. Insurance for IT Professionals Professional Indemnity insurance* The IT world is a fast-changing environment, and whether you're involved in ...

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Insurance for Accountants

... mistakes, and these errors or omissions could result in financial losses for your clients. Professional Indemnity insurance will protect your business from losses arising out of acts, errors and omissions from a wide ...

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Business Insurance

... a construction site If you work on contracts you may be required to have a minimum level of Professional Indemnity insurance in place If you are renting your business premises, your landlord may require you to have your ...

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Understanding business insurance for bookkeepers

... the minimum level of coverage which you are expected to have in place. We will explore Professional Indemnity insurance in greater detail below, outlining the basic details of what the coverage provides. These are some ...

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What is run-off insurance and who needs it?

... once for a selected period of time by the insured. If you need to get your Professional Indemnity or Run-Off insurance sorted for your business today, get in touch with BizCover today. We provide multi-year Run Off ...

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A Guide to PI Insurance

... 't know if they are getting the best deal. This is where BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live online quotes in under 2 minutes , and purchase in only a ...

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Professional Indemnity for Real Estate Agents

... licenses under the Property, Stock and Business Agents Act 2002 hold a minimum of $1 million Professional Indemnity Insurance with a number of set policy inclusions. 1 Even with this requirement, it is worthwhile looking ...

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Insurance for Psychologists

... assets if something does go wrong. Even if you're not at fault, Professional Indemnity insurance may be able to assist you. Professional Indemnity insurance is there to give you peace of mind if claims arise as a result ...

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PI And PL Insurance

... more, we can help you protect your business online in minutes—no dramas! Here's the lowdown on Professional Indemnity insurance* You're a professional and there is no doubt yo u are good at what you do. However, mistakes ...

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Insurance for Civil Engineers

... an important form of cover to protect you against injuries or damage to third parties. Professional Indemnity insurance protects you against claims that may arise from a client who experiences a loss as a result ...

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Insurance for Engineers

... wrong. From bridges collapsing to roads rupturing - the consequences (and costs) can be severe. Professional Indemnity insurance is designed to provide your business with a solid foundation when things don't go to plan ...

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Insurance for Registered Tax Agents

... fact be more than what is set as the minimum requirement. ^Minimum PI insurance requirements source from TPB tpb.gov.au/professional-indemnity-insurance-tax-agents on 8 August 2019 What could cause a PI claim? Errors and ...

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Insurance for Marketing Consultants

... and everyone has experienced a hard-to-please customer who holds unreasonably high expectations. Professional Indemnity insurance is your secret weapon to protect yourself against financial losses if you end up facing a ...

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Insurance for Registered Migration Agents

... advice; errors on visa applications; late lodgement of documentation and the list could go on. Professional Indemnity insurance is designed to protect you by responding to claims against you or your business for losses ...

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Insurance for Project Managers

... Architectural consulting services  Did you know? Even if your projects take you across the country, your Professional Indemnity insurance covers you anywhere in Australia.   Get the cover for  your business Professional ...

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Benefits of insurance for small businesses

... could lead to them claiming against you, which could be both financially and reputationally damaging. Professional Indemnity insurance is designed to respond to such claims against your business for losses as a result of ...

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Guide to Physiotherapy Business insurance

... alleged negligent acts or omissions in the provision of your professional service or advice. Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing claims which ...

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Public Liability Insurance in QLD

... mistakes or errors in your work, missed deadlines, breaches of contract or claims of negligence. Professional Indemnity insurance can help you cover yourself for these types of events and more.When you purchase a Public ...

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Business Insurance Savings

... Third-party personal injuries Damage to customer property Your legal & defence costs for covered claims Professional indemnity insurance Covers you for losses claimed by a third party & defence costs due to alleged or ...

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Insurance for Consultants

... consulting professions, yet all are required to provide a professional service or specialist advice. Professional Indemnity insurance is designed to protect you from losses claimed by clients that are incurred as a ...

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Information Technology Liability Insurance

... clients fails. It is a combined policy that offers the protection of both Professional Indemnity and Public and Products Liability insurances*. It's designed to give you peace of mind, addressing the potential overlap of ...

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Insurance for Disability Workers

... provision of your professional support service such as a failure to follow emergency procedures. Your Professional Indemnity insurance will cover matters such as: An award or settlement of compensation payable to a third ...

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Allied Health Combined Liability Insurance

... your allied health career for good, impacting both your hip-pocket and hard-earned reputation. Professional Indemnity insurance is designed to protect you against losses claimed by a third party due to alleged or actual ...

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Insurance for Nurses

... It only takes one thing to go wrong to disrupt your career or possibly drain your assets. Thankfully, Professional Indemnity insurance is there to give you peace of mind if you do face legal action as a result of actual ...

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Insurance for Allied Health Professionals

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Insurance for Social Workers

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Insurance for Martial Art Teachers

... results in your client's injury could lead to a claim being made against you . Having Professional Indemnity insurance can help you respond to claims made against you or your business for losses incurred as a result ...

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Insurance for Recruitment Consultants

... in your profession. That's why BizCover makes it easy to take out Professional Indemnity insurance for your Recruitment Consultancy.. This insurance is designed to respond to claims against you for losses as a result of ...

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Sole Trader Insurance

... feel that you've acted negligently or simply be unhappy with the service you provided them. Professional Indemnity insurance covers your business against both claims that do have merit and those that do not. Business ...

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Insurance for Management Consultants

... name could cost thousands of dollars even if you're not at fault. That's where Professional Indemnity insurance comes in. Your policy can help manage common risks, like document errors, missed deadlines, and negligence ...

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Insurance for Physiotherapists

... were managing their own physiotherapy practice or business.When you choose BizCover for your Professional Indemnity insurance, getting your certificate of currency is fast and easy. Just log into your online BizCover ...

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Insurance for Chiropractors

... the services you provide, your annual turnover, and who is being insured), you can help ensure that your Professional Indemnity insurance is suitable for your practice's needs.BizCover not only makes it easy to buy ...

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Insurance for Carpenters

... if you misspeak or give an incorrect recommendation, it could cause huge issues. That's when your Professional Indemnity insurance can protect your business so you're not left out of pocket for legal fees or compensation ...

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Insurance for Bookkeepers & BAS Agents

... . The Tax Practitioners Board (TPB) has made it so since 2011 and with good cause - Professional Indemnity Insurance covers you against the risk of a client claiming damages. Your professionalism and service often aren't ...

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Business Insurance FAQs

... Indemnity Insurance? What does professional indemnity insurance cover? Do I need professional indemnity insurance? How much does professional indemnity insurance cost? How much does professional indemnity insurance ...

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Insurance for Finance & Mortgage Brokers

... a result of your actual or alleged negligencefrom the delivery of your professional service. Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing claims covered ...

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7 Common Types of Small Business Insurance

... enough to put a small business out of business! Related: Public Liability Insurance explained 2. Professional Indemnity Insurance If your business or profession involves providing a service or advice, then Professional ...

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Insurance Considerations for Personal Trainers

... were to go wrong because of this advice. To cover yourself against this risk you should consider Professional Indemnity Insurance , which can help protect you for any claims that may arise due to any advice that you ...

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Insurance for Software Developers

... and programmers need? Software developers and programmers may consider many types of insurance, such as: Professional Indemnity insurance Professional Indemnity protects you against losses claimed by a third party due to ...

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Business Insurance Perth

... certain contracts Required before you work on a construction site A requirement of a rental agreement Professional Indemnity insurance* May be requested to hold a certain level of cover to work on contracts Required by ...

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Business Insurance Melbourne

... certain contracts Required before you work on a construction site A requirement of a rental agreement Professional Indemnity insurance* May be requested to hold a certain level of cover to work on contracts Required by ...

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Insurance for Electrical Engineers

... is for a design to not go to plan and the consequences (and costs) can be severe. Professional Indemnity insurance  is designed to protect you against losses claimed against you due to alleged or actual negligence or ...

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Insurance for Massage & Alternative Therapies

... you must be a recognised provider with the fund. Most health funds require providers to hold a current Professional Indemnity insurance policy with at least $1 million worth of cover, or $2 million if you wish to be a ...

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Insurance for Hair & Beauty Services

... against you could be very costly to your business, not to mention damage your reputation. Professional Indemnity insurance is designed to protect your business from losses claims made against you arising from actual or ...

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Insurance for Real Estate Agents

... help ensure your reputation doesn't go under the hammer should something go wrong. That's where Professional Indemnity Insurance comes in. It is designed to respond to claims against your business for losses as a result ...

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Insurance for Professionals

... party due to alleged or actual negligence in your professional services or advice.  Your Professional Indemnity insurance will meet the associated compensation payable to a third party together with your defence costs ...

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Reviews related to Indemnity Insurance For Pharmacists

  • Bizcover makes professional insurance easy. Good selection of insurance varieties and options. Easy to review, change and renew. Competitive rates.

    Darren J
    Real Estate Agency Service

Why do Pharmacies and Pharmacists need insurance?

Whether you’re a pharmacy owner or going solo as a contracting pharmacist, your job involves a great deal of responsibility when talking to customers about managing their health and wellbeing.

That’s why it is important to ensure you have the right insurances in place to protect your business when things take an unexpected turn for the worst.

Our insurance options for pharmacies can provide protection for you, your employees and your business, with different types of cover available to suit your particular needs. You can obtain instant quotes from the multiple leading insurers on our platform.

Did you know?

BizCover provides highly competitive pricing on pharmacy insurance compared to other providers of pharmacy insurance within the market.

Liability Insurances for pharmacists

Professional Indemnity insurance* provides cover for you as a pharmacist for civil claims and disciplinary actions brought against you due to your professional activities.

It provides cover against losses claimed by a third party due to alleged or actual negligence or errors in your professional pharmacy services or advice.  Your Professional Indemnity insurance will cover the associated compensation payable to a third party together with your defence costs (which can include legal costs, expert fees). In addition, your policy will cover legal representation costs associated with disciplinary investigations and proceedings and coronial enquiries associated with your professional practice.

An example of the type of risks you may be faced with as a Pharmacy include claims resulting from dispensing errors, breaches of privacy and investigations/actions brought by AHPRA and other regulatory bodies.

Public Liability insurance* is another type of cover likely to be relevant for pharmacy owners. It is designed to provide protection for you and your pharmacy business in the event a customer, supplier or a member of the public are injured or sustain property damage as a result of your negligent business activities. For example, a customer slipping over your recently mopped floors or tripping over a poorly placed box of medications, resulting in injury.

Public Liability Insurance*

Do you need Public Liability insurance? The short answer is probably yes. Chances are you’ll have regular contact with clients, contractors and the general public. Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.

Other Insurances for pharmacies

Whilst Professional Indemnity and Public Liability insurance provides cover for legal liabilities arising from your practice as a pharmacist and your business activities there are other elements of your business that may require different types of insurance cover.

Business insurance* offers a number of coverage options including:

  • Building: provides protection for your pharmacy building if it was damaged as a result of a fire, storm, malicious activity or another defined event listed in the policy.
  • Contents: insures the contents or stock of your pharmacy if they were damaged in a fire, storm or due to malicious damage or some other defined event listed in the policy, this policy provides up to $2 million in cover.

Additional Benefit for Prescription Data: cover for loss resulting from loss or damage to prescriptions or any information required by relevant statutory authorities to remunerate you under existing legislation . The benefit will pay the redeemable value of the prescriptions or other information that is lost or damaged. It will also cover the reasonable costs for reproducing or rewriting the prescription information that is lost, destroyed or damaged.

Business Interruption: cover for financial loss as a result of an interruption to your business caused by an insured event.

  • Money: covers business money that is lost or stolen from your premises or in transit
  • Glass: cover for breakage of internal and external glass and signage you own or for which you are legally responsible, at the insured premises.
  • Employee Dishonesty:  covers for losses incurred through fraudulent or dishonest acts by your employees.
  • Machinery Breakdown: covers the cost of repairing or replacing insured machinery following a breakdown, including electronic or mechanical machinery and equipment, such as refrigerators and air conditioners. It will generally include a certain amount of stock loss as a result of the breakdown. This is important to consider, especially if your pharmacy relies on certain products and stock being refrigerated like medication, probiotics etc.
  • Theft: this option covers you for loss or damage to contents or stock through theft or attempted theft at your premises, following violent or forced entry.
    There is an additional benefit which provides a level of cover for theft (without forcible and violent entry) of business contents from or immediately outside the pharmacy premises during business hours.

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*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy document.  The information contained on this webpage is general only and should not be relied upon as advice.