Insurance for GPhC Registered Pharmacists
Offering services beyond simply dispensing medicines, pharmacists provide invaluable advice thanks to their specialist knowledge and expertise.
Pharmacies are crucial for the health service and have a strong role in customer service. As a pharmacist, it will be your goal to go above and beyond in caring for and helping your customers. Though, when you are making decisions about other people’s health, you open yourself to claims of malpractice and legal action around medical indemnity, this is where the correct insurance policy can make all the difference. You need to know that as you go about your day to day job, you’re covered in case things go wrong and that you can cover yourself, your business and your customers.
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Why is It Important to Ensure You Have the Right Insurance as a GPhC Registered Pharmacist?
You are likely aware that as a member of the General Pharmaceutical Council, it is a requirement to have the correct insurance in place at all times whilst you are practicing. This is a requirement under article 32 of the Pharmacy Order 2010. This is to make sure that, where someone has suffered harm, they will be able to receive any compensation and costs they are entitled to following a successful claim.
Insurance will also give you the peace of mind, as a GPhC Registered Pharmacist, that you and your business is protected against any unexpected accidents and claims – including damage to your premises and injuries your staff and customers could sustain from the advice you give and prescriptions you fulfill.
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What Insurance Will You Require as a GPhC Registered Pharmacist?
Professional indemnity insurance will cover any legal costs and expenses incurred and any damages or costs awarded if you are alleged to have provided inadequate advice or services.
If you also run a medical or healthcare practice, you will face a unique set of challenges and risks. This is where practice insurance is important. It will ensure you are covered against staff, liability and equipment-related risks.
Public Liability Insurance
Public liability insurance will protect you in case your pharmacy is brought to court by a customer and you are sued. It will cover the costs of your legal defence plus any compensation or settlement money you are required to pay.
Incidents which could lead to a public liability claim can include a customer slipping on a wet floor in your pharmacy, or even a customer injuring themselves on your premises. This policy will also cover you if you cause damage to property that belongs to a third party.
Medical Malpractice Insurance
A medical malpractice insurance policy which covers you as a pharmacist for liability associated with any wrongful practice which results in bodily injury and medical expenses as well as all the costs which are related to defending yourself in such claims.
Legal Protection Insurance
No matter how much experience you have as a GPhC registered Pharmacist, it doesn’t necessarily mean you’ll never find yourself with a claim against you. Legal protection insurance will ensure that you can afford the coverage you need to defend yourself against claims brought by patients. Whether you’re found to be at blame or not, you will still need defence.
Cyber and Data Insurance
As a GPhC Registered Pharmacist, you’ll likely store a wide range of private and confidential information about your patients. Cyber and data insurance will protect you against data breaches, whether it’s due to a mistake of your own or if you find yourself targeted by cyber criminals. In either case, this insurance can cover costs required to put your practice back on track.
In Need of More Advice on Your Insurance Cover?
When working in a specialist profession such as pharmacy, you need to ensure you have the right protection at all times.
Here at Enhance insurance, we’ll aim to match you with the exact insurance you need as a GPhC registered pharmacist.
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to arrange a policy completely tailored to your needs and requirements