The Essentials of Professional Indemnity Insurance
May 5, 2014
DID you know that a simple act,
error or omission could be enough
to spark a claim against you?
As a pharmacy professional you
face unique risks.
Professional indemnity
insurance is designed to provide
you with comprehensive
protection against potential
claims and disputes that could
lead to expensive and time
consuming litigation. Here are
some essential facts you should
know:
1. Comprehensive protection
against legal liability including:
• Administration errors and
omissions
• Loss or damage to documents
• Defamation
• Medical benefits fraud by
employees
• Adverse publicity causing
damage to your reputation
2. Cover all of your pharmacy
including:
• Past, present and future
employees
• Past and present sole
practitioners, partners and
directors
• Past and present students,
volunteers, committee and
council members
• Newly created or acquired
subsidiaries
• Casual, part-time and
temporary employees
3. It’s easy to obtain a quotation
You’ll need to complete a
proposal form and provide
information relating to the scope
of your services and claims
history.
This week’s
contributor is
Tony Carollo,
Director -
Carollo Horton
& Associates
The above article was sent to subscribers in Pharmacy Daily's issue from 05 May 14To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 05 May 14
