New Jersey Pharmacy Insurance
At ADP Statewide Insurance our years of intensive experience and vast insurance knowledge have enabled us to recognize very unique sets or risk—and combat them with truly superior insurance programs. One such industry, which requires our expert attention, is the pharmaceutical trade.
Why do pharmacies have insurance?
There are a variety of reasons why pharmacies both have and need specialized commercial pharmacy insurance, some of the most pertinent are:
- To protect against unexpected losses
- To protect against unexpected claims
- To provide coverage against unknown catastrophic events that can happen to the pharmacy as a while, or to an individual pharmacist
You manage a very specific service—people depend upon their pharmacist for advice and expert medical attention, but there are also an array or risk exposures that pharmacies and individual pharmacists face daily. From property and asset damage, your professional liability and the potential for malpractice claims, to delivery theft or dishonest employees; you can never predict whether or not you will fall victim to a risk—so why not be prepared ahead of time?
As a pharmacist you are responsible for the wellbeing of others. This relationship with your clientele makes you vulnerable to possible negligence lawsuits or “civil wrongs”. The harm can be physical, mental or financial and can affect both individual and entities. Common incidents include:
- Personal Injury
- Pharmacy Malpractice – dispensing issues
- Products Liability – defective products
- False imprisonment of customers – i.e. alleged shoplifters, alleged forged prescriptions, etc.
- Violation of one’s privacy, HIPAA violations
- And more…
With so much riding on your liability and reputation, why allow your pharmacy to remain at risk? At ADP Statewide Insurance we will work with you directly, analyzing your risk exposures, and can tailor you the perfect commercial insurance package—that addresses your distinct needs as a pharmacist. Give us a call today, we’d be happy to explain all of your coverage options for New Jersey pharmacy insurance.
