Pharmacy Insurance - Keep Your Business Secure, While You Keep Others Healthy

While the holidays are over, cold and flu season is in full swing. A new year means new strains, new patients, more foot traffic…which also means more risks to your pharmacy. That means your business needs the right coverage. Just like the flu shots you administer, protecting your pharmacy business is the key to longevity.

Your pharmacy carries a high level of responsibility – from staff to patients, you take care of a wide variety of people. Just like the specific needs of each individual patient, your pharmacy requires coverage that is tailored to your industry’s unique risks. Pharmacy business insurance adds the extra level of protection, beyond a basic commercial policy, and addresses the nuances of your industry. 

Insurance for your pharmacy goes beyond standard liability. Here’s some of extras that having the right coverage can protect:

• Customer slip-and-falls: Accidents happen. Let’s make sure you just so happen to have the right coverage to protect your pharmacy.
• Medication dispensing errors: Pharmacy liability coverage means that in the case of a claim, you have the right coverage to help cover legal costs and settlements. 
• Theft of drugs & prescriptions: The prescription drugs you stock, and the equipment you need to measure, mix, and move your products are valuable – both in monetary terms & the ability to replace them and continue your daily job.

Having insurance that understands and is tailored to your business is key. While standard business insurance does cover many business risks, the specificity of your industry requires extra care.

Going beyond the basics of a standard insurance policy means that your business has a higher chance of bouncing back from a claim. Combined with a Workers’ Compensation policy, you’ll protect your business from all angles. Just like a vaccine, while the right insurance can’t PREVENT losses from happening, they can help mitigate the effects of one.

Having a policy that has your specific needs built-in helps you keep your doors open. The right insurance policy is like taking a routine prescription to help keep you healthy. While we can’t help you pick the carrier that’s best for you, although we hope it’s us, we want you to make informed decisions. 

For more information about Hastings-specific coverages, check out our pharmacy business insurance page.