pharmacy_646x280.jpg

Pharmacy Shop Insurance

Let us help you find the right insurance for your pharmacy. As a broker, we’ll make the process as easy as 1, 2, 3, by taking on the work involved in finding you the right cover at the right price, so you can get on with your serving customers and running your pharmacy.

 

Why Insurance is Important for Pharmacies

Pharmacy insurance is designed to protect your peace of mind by defending you and your business against unexpected mishaps – everything from damage to your premises and injuries to staff or customers, to claims made against any advice you give and prescriptions you fulfil.

It can help you to get back up and running quickly if your pharmacy premises are damaged or even destroyed by a serious incident like fire or flood ‒ and even help replace any income you lose out on while getting everything back to normal.

A packaged pharmacy insurance policy, also known as commercial combined insurance for pharmacies can also help to defend you and your finances if an employee or a customer is injured or falls ill at the pharmacy and you are held liable.

A particularly important insurance cover for pharmacies is pharmacy liability insurance. A type of professional indemnity insurance, which can be vital to defending your reputation and your finances if you are accused of a failure in your professional duties, from errors and omissions in advice to errors in the fulfilment or labelling of prescription drugs. Specifically, pharmacy liability cover can step in to fund any legal defence and cover damages awarded against you.

On top of that, the right insurance should cover damage or losses, including money, for instance resulting from a break-in, or goods damaged in transit, and automatically adjust to reflect increased stock levels ‒during flu jab season for example.

Cover Available for Supermarkets

  • Property damage.

  • Damage to medicines including refrigerated medicines.

  • Legal expenses.

  • Business interruption.

  • Public liability.

  • Products liability.

  • Employers liability.

  • Theft by employee.

  • Personal accident.

  • Book debts.

  • Money.

  • Goods in transit.

  • Specified all risks.

  • Terrorism.

  • Claims Preparation fees for property damage claims.

Get a quote

Mon-Fri: 8am - 6pm

Call our team to receive your free, no obligation quote today.

Quote line: 0330 134 4564

About the Pharmacy Industry

At the last count there were 11,699[1] community pharmacies in the UK, all of which play vital roles in the lives of millions of people. Pharmacies provide non-urgent medical advice, advice on medicines and, of course, fulfil around 1.1 billion prescriptions every year[2].

Needless to say, each business is different – some now provide travel and other inoculations, while some deliver prescribed medicines to infirm patients. These days, most also sell toiletries and health and beauty products as well as over-the-counter medicines.

That diversity of stock, including seasonal increases for things like flu jabs and travel inoculations, as well as the professional duty of care that all pharmacists must adhere to, means all are subject to significant business risk.

That’s why it’s really important to think carefully about pharmacy insurance needs – from property cover to pharmacists liability or indemnity cover. Better still, get expert help and support from an expert like smei, who can help you to quickly assess all the risks you need to protect against, and find you the right insurance, at the right price.

 

Get a Pharmacy Insurance Quote

Let us help you find the pharmacy insurance you need to protect your business – quickly and without fuss. We will help protect your peace of mind and make buying your pharmacy insurance as easy as 1, 2, 3 ‒ so get in touch today for a quote.

 

Terms and conditions

*Standard and optional cover may differ dependent upon insurer.
[1] https://www.statista.com/statistics/418071/community-pharmacies-in-england/
[2] https://digital.nhs.uk/data-and-information/publications/statistical/prescriptions-dispensed-in-the-community/prescriptions-dispensed-in-the-community-england---2007---2017

WHY SHOULD I USE A BROKER?

Using a broker to arrange your insurance may help reduce your workload and the associated time it takes you to search for your insurance. It is our aim to help you get value for money therefore we use the strength of our market position to negotiate with insurers, in advance, the product and premium pricing. We do this to help deliver the right product, at the right price for our customers. To present you with the options available to you, we compare insurance from a panel of UK insurers so that we can recommend a product to suit your business needs.

HOW LONG DOES IT TAKE TO GET A QUOTE?

You can get a quote by telephone. On average a quote will take around 10 minutes over the phone, depending on the complexity of the business requirements.

HOW LONG IS A QUOTATION VALID FOR?

Your quotation is valid for 30 days.

Start typing to choose your type of business

Please enter your type of business

If you are unable to find a suitable option, please click here

Or choose from this full list of businesses

Digits only, no spaces

)

Digits only, no spaces

)

 
)
)
)

This will be used to send your indicative quotation


Digits only, no spaces

Cover if your stock or materials are lost, stolen or damaged

Cigarettes and Tobacco

£

Photographic Equipment

£

Wines and Spirits

£

Clothing

£

DVDs, Blu-rays, CDs and Video Games

£

Jewellery

£

Electrical Equipment

£

All Other Stock

£

Please enter amount

£

This may include movable furniture, fixtures and other equipment with no permanent connection to the structure of the building.

Please enter amount

£

If you are a tenant you will be responsible for any improvements you have made.

Please enter amount

£

If yes, please enter amount. How much would it cost to rebuild your shop if it was badly damaged or destroyed entirely?

£

Get a quote today

Online quote form

Fill in our quick and easy form to receive a no obligation quote as soon as possible.

Direct quote line

Call our team to receive a no obligation, instant quote today.

Call the quote line: 0330 134 4564

Mon-Fri: 8am - 6pm

Log your renewal
Need a reminder?

Fancy a friendly reminder?

If you want one less thing to worry about, simply log your renewal and we’ll remind you nearer the time.

Log your renewal
Related News from SME
How do you keep an independent high street pet store open and busy for 50 years, in the face of stiff competition?

We spoke to Philip Preston, manager of family-run Ideal Pet Store in Clitheroe, Lancashire to find out.

Read Article
How do you open a brand new hair salon, and establish it as a local favourite, with four full time hairdressers, in less than a year?

We caught up with Rebecca Knott, owner of Rebecca & Co in Barrowford, Lancashire, to hear the secrets behind her success

Read Article
What does it take to make a success of an authentic, Neapolitan coffee shop in the heart of Lancashire?

Claire, co-owner of Delliponti Caffe Italiano in Barrowford, Lancashire gave us the low-down over a delicious Italian espresso.

Read Article
Brexit - Driving Abroad

Driving Abroad and Motor Insurance Cover Documentation in the Event of a “No Deal” Brexit

Read Article
Quotes from well-known and specialist insurers, including