With the continued expansion of over-the-counter products and services, the public is relying more and more on the advice of their local pharmacists; exposing pharmacists and their practices to higher levels of professional indemnity risk.
As such, the Pharmacy Board of Australia has set minimum guidelines for Professional indemnity insurance for pharmacists, including:
- Policy Limit of not less than $20,000,000.
- Suitable Run off Cover.
- A pharmacist must be covered by a suitable policy at anytime he or she practices.
Medisure’s policies are designed to meet these requirements, with clauses for Civil Liability, Employee Dishonesty and Public Liability.