Pharmacy Shop Insurance

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 Pharmacy Insurance is Important

Pharmacy shop 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 pharmacy shop 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.

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

90% of our customers would recommend our service

Available covers**

  • Book debts.

  • Business interruption.

  • Claims Preparation fees for property damage claims.

  • Damage to medicines including refrigerated medicines.

  • Employers liability.

  • Goods in transit.

  • Legal expenses.

  • Money.

  • Personal accident.

  • Products liability.

  • Property damage.

  • Public liability.

  • Specified all risks.

  • Terrorism.

  • Theft by employee.

Premiums from as little as

618 .03

In the past 12 months our customers have paid as little as £618.03 per annum for pharmacy shop insurance.

50% of our pharmacy shop customers paid less than £1,310.09 per annum.

About the Pharmacy Industry

Needless to say, each pharmacy 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 shop 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.

*Please click here to view our pricing disclaimer.

**Standard and optional cover may differ dependent upon insurer.

***Data compared from 10 policies sold in 2021. 2 customers paid as little as £618.03   

Frequently asked questions

As a business providing food to the public, you'll be adhering to the relevant health and safety and food production measures, but things can still go wrong. You need home baking public liability insurance to cover you if, for example, someone has an allergic reaction to your food and they make a claim against you. Public liability insurance isn't a legal requirement, but it can cover the costs of any compensation due and legal fees associated with claims. As you constantly have members of the public filtering in and out of your supermarket, pubic liability insurance is essential. This cover will protect you if a shopper has an accident or their property is damaged as a result of you or your employee's negligence. If you have employees, by law you need employers liability insurance. This protects you if an employee becomes injured or seriously ill as a result of working for you. Stock insurance should be a high priority. Without your stock, you wouldn't be able to run your business. This type of cover protects you if your stock is damaged or stolen and needs replacing. It can also be increased around key dates when you would carry goods that are more expensive than usual, like at Christmas for example. Some types of insurance may be a legal requirement. Others will protect you and your supermarket in the event of a claim but are not compulsory. Not having the right insurance or inappropriate cover for your supermarket could be a false economy. For example, if you don't have public liability insurance and a customer trips over a box left on the floor you may be liable to pay costs of compensation. Therefore, it's important to consider all the risks facing your supermarket and match your insurance protection to your requirements which should provide you with peace of mind that a potential claim won't damage your business. Some types of insurance may be a legal requirement. Others will protect you and your charity shop in the event of a claim but are not compulsory. Your charity will likely to be interacting with members of the public on a daily basis, which means there's a risk of your charity's activities causing injury, illness or property damage to a third party. If an unexpected situation occurs, then you could be held liable for the damage, and financially responsible for legal fees and compensation. Public liability insurance for charities could cover you in this situation. Different types of charity shops have varying needs of protection. For example, your charity shop may sell everything from clothing and books, to electrical items such as televisions and sound systems, or you may need cover for fundraising events and activities. The policies that you include in your charity's insurance package may be influenced by a number of factors, including the size and nature of your charity, and the work it carries out. Why not speak to one of our advisers and let them know your requirements, and we'll look for a policy that best suits your needs. If you have employees, by law you need employers liability insurance. This protects you if an employee becomes injured or seriously ill as a result of working for you. As you have members of the public filtering in and out of your charity shop, pubic liability insurance is essential. This cover will protect you if a shopper has an accident or stock is damaged as a result of you or your employee's negligence. For charity shops, stock insurance should be a high priority. Without your stock, you wouldn't be able to run your business. This type of cover protects you if your stock is damaged or stolen and needs replacing. The cost of your insurance policy depends entirely on your needs. Our flexible policies can adapt to fit your requirements and your budget too. Multiple options may be available from our range of insurers - each with differing features and prices. We will find you several possibilities so you can make an informed decision on which option is best for you. Some types of insurance may be a legal requirement. Others will protect you and your bike shop in the event of a claim but are not compulsory. Not having the right insurance for your bike shop could be a false economy. For example, if you don't have public liability insurance and a customer trips over equipment or boxes on the floor you may be liable to pay costs of compensation. Therefore, it makes sense to match your insurance protection to your requirements which should provide you with peace of mind that a potential claim won't damage your business. Each bike shop has varying needs of protection depending on a number of factors. Your bike shop may have a complex range of bicycles ranging from road and cyclocross bikes to mountain and hybrid bikes. Why not speak to one of our advisers and let them know your requirements, and we'll look for a policy that best suits your needs.

90% of our customers would recommend our service

smei is always best. We have more than 10 hair salons and they never forget the renewal time, never renew the policy without asking, customer service always polite and solve any problems quickly. Also I can see all of my policies on their portal, no waste of paper, everything online. Thank you smei!

Rana Dincer

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