Pharmacy Insurance | Drug Store Insurance

Pharmacy Insurance Prescribed for Your Business

You’re passionate about helping people take care of themselves. And so are we. We know just like every person has unique needs, so does every business. That’s why we offer customized coverage options to our small business owners. Our pharmacy insurance was made with you in mind, here to help protect your business from the unique risks you face.

Why Is Drug Store Insurance Important?

Your pharmacy faces unique liabilities, as well as the risks that can come up during normal operations, such as:

Customer slip and falls
Data breaches
Car accidents
Employee injuries or illnesses

That’s why drug store insurance, or seguro de negocio, is important. With the right coverage, you can help protect your pharmacy business.

Who Needs Pharmacy Business Insurance?

Drug stores
Pharmacies
Apothecaries
Proprietary stores
Pharmaceutical consultants
Online and mail-order pharmacies
Home-delivery pharmacies

What Types of Insurance Do Pharmacies and Drug Stores Need?

Many businesses start with a Póliza para propietarios de empresas (BOP). It combines three essential coverages to help protect your pharmacy or drug store from claims arising from normal operations:

General liability insurance helps cover claims that your business caused bodily injury or property damage to someone else’s belongings.

Commercial property insurance, which helps protect your owned or rented building and equipment you use to run your pharmacy. This includes:

Scales
Shelves
Pills and drugs
Computer systems

Business income insurance to help replace your pharmacy’s lost income if you can’t open because of covered property damage.

Here for You, 24/7

We try to work around your schedule. That’s why we offer your proof of insurance instantly online, whenever you need it.

Protect Your Pharmacy Business Operations

We know running a pharmacy is hard work. We also know that your business faces unique risks that other companies don’t. From data breaches to customer lawsuits, it’s essential to have the right pharmacy insurance to protect your business.

The average total cost of a data breach is $3.86 million.¹

Pérdida de datos

“Someone hacked into the pharmacy’s computer system and stole our customers’ information. We had to notify every customer and offer identify theft monitoring services for a year.”

Nuestra página data breach insurance coverage helps businesses respond to a breach. If personal, confidential or sensitive information gets lost, this coverage can help pay the costs to notify impacted individuals and replace lost income.

Computer Interruption

“When we tried clocking in on Monday morning, our computer databases wouldn’t work. We couldn’t look up customer information or fill prescriptions. It turns out our cloud service provider was dealing with an outage all weekend, so we had to close for the day.”

Business Income for Cloud Service Interruption coverage helps replace your drug store’s lost income if you can’t open because of an unplanned interruption in your cloud service.

Protect Your Pharmacy Team

You rely on healthcare professionals, like your pharmacists and pharmacy technicians, to help you run your business. Overtime, their daily tasks can lead to repetitive stress injuries. With pharmacy insurance, you can help protect your employees and offer recovery options from work-related injuries and illnesses.

Repeated, forceful movements to open medication bottles and awkward wrist and shoulder posture can lead to musculoskeletal injuries.²

Repetitive Stress Injury

“One of my pharmacy technicians developed shoulder pain after lifting boxes and stocking shelves. She was diagnosed with tendonitis and had to take a few days off to recover.”

Workers’ compensation insurance gives your employees benefits to help them recover from a work-related injury or illness. This insurance can help pay their treatment costs and replace some of their lost income.

Commercial auto insurance for pharmacies

Auto Accidents

“We offer a home-delivery service. During a storm, one of my drivers hydroplaned and ended up rear-ending another car. The other driver needed to go to the hospital to have his neck checked out.”

Commercial auto insurance can help protect your employees on the road if they drive for work. This coverage helps pay for claims if you hurt someone else or damage their property in an accident.

Protect Your Pharmacy Business Property

You spend a lot of time and effort making sure you have the correct inventory and enough stock to fill prescriptions. If anything happened to the medication you have, it could affect your pharmacy’s operations. That’s why pharmacy insurance is important. It can help you get your pharmacy inventory back on track if there are any damages.

With the high cost of medication, it’s not uncommon for a pharmacy to carry over $1 million worth of inventory.³

Damaged Medications

“Some of our vaccines and drugs need to be temperature controlled. When my refrigeration unit broke down, all of the stuff stored inside it was spoiled and had to be replaced.”

Our spoilage coverage can help protect your pharmacy’s property and inventory if you lose perishable stock due to equipment breakdown.

Faulty Products

“My pharmacy has a store where customers can buy basic health necessities. We inventory our shelves often, but somehow missed an expired food item. When a customer ate it, they ended up in urgent care and sued us for their medical bill.”

Pharmacy liability insurance, like general liability coverage, includes product liability insurance. So, if your pharmacy sells a product that hurts someone or gets them sick, this insurance can help protect your business.

Find a Pharmacy Insurance Company You Can Trust

We’re backed by more than 200 years of experience. We’re proud to work with pharmacy and drug stores throughout the country to protect them from the unique challenges they face. Our specialists are here to help you get the right type of coverages so you can continue running a successful pharmacy. Whether it’s learning more about pharmacy insurance or filing a claim, we’re ready to help.

Pharmacy Insurance That Has Your Back

Get the protection you need to help keep your small business running successfully.

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