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PHARMACY INSURANCE


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Whether you're looking to talk about insurance or need some advice on insurance products, we are here to help.

PHARMACY INSURANCE: FOUR AREAS THAT NEED TO BE INSURED

  • Professional Indemnity – Focuses on losses suffered by your customers as a consequence of your professional neglect, error or omission.
  • The pharmacy itself – the building if owned, fixtures and fittings, stock etc.
  • Legal Expenses - for example , the costs associated with an employment dispute.
  • Beauty Malpractice
Make sure your pharmacy, employees and clients are covered with tailored insurance product

PHARMACY INSURANCE PROMISE

  • Provide Pharmacists with the right cover for each pharmacy at a competitive price.
  • Deliver a written quotation within 24 hours of receiving a request for a quote.
  • Provide direct dials and mobile numbers of three experienced Pharmacy Insurance agents to deal with queries and quotations.
  • Deal with claims efficiently and keep the pharmacy owner up-to-date with any liability or professional indemnity claims as they arise.
  • I, as business owner, will be available at any time to answer questions or deal with any unforeseen problems that may arise. My mobile number is 086 220 2661.

YOUR PHARMACY SHOP INSURANCE – PUTTING TOGETHER A POLICY TAILORED TO YOUR BUSINESS NEEDS

Since O’Callaghan Insurances is not tied to any one insurance company, we will get quotes from a wide range Insurance Companies targeting shop and pharmacy insurance in Ireland. We can then go through, with you, the different quotations and policy limits and help you decide which policy suits your pharmacy insurance needs the most. For instance, some insurers provide high levels of cover on refrigerated drugs while others provide high limits of cash on the premises. All of the pharmacy insurance companies have different rating engines and all of your businesses are unique. We are here to help you find a highly competitive deal.

WHAT IS NORMALLY COVERED UNDER MY PHARMACY SHOP POLICY?

Public and Employer's Liability are both covered on a retail policy. These sections protect you if a customer or employee injures themselves or damages their property during the course of either doing business in your pharmacy or while working for you.

Cover for your stock, drugs and fixtures and fittings are also covered under a shop policy. Most Pharmacies have refrigerated stock. During quotation phase we will ask you how much refrigerated stock you carry and how much in each fridge. This is because the insurance companies all have different limits on a policy level as well as on a per fridge level and we will want to make sure that you have the correct cover without overpaying.

Your glass and signs are also covered under your retail policy and finally your cash cover. Cash cover is for cash in transit to the bank as well as in cash registers during the day and in the safe overnight. Again, different insurers have different limits so we will be asking you questions around your cash amounts, lodgement habits and details of your safe to match up the best shop policy for your business.

PROFESSIONAL INDEMNITY COVER – THE ONE THAT DESERVES A LOT OF ATTENTION.

This one is important and hard to summarise in one paragraph. So click here for more details. Better still, give us a call on 042 – 9359000 for a no obligation review.

DO I NEED LEGAL EXPENSES INSURANCE IF I HAVE PROFESSIONAL INDEMNITY INSURANCE?

This is an optional insurance which covers you for legal costs associated with statutory licence appeals, employment disputes, and a helpline. The limit of indemnity is €150,000 per claim. An annual policy costs €236 and is underwritten by Arc Legal Assistance Ltd. It too is Brexit proof since it is owned by Amtrust International which is headquartered in Dublin and regulated by the Central Bank of Ireland.

I PROVIDE BEAUTY THERAPIES – DOES MY INSURANCE COVER ME FOR THEM?

We have noticed an increasing amount of Pharmacies offering some beauty services. These may include manicures, make up applications, threading, piercing, tinting and sugaring. If you offer any of these services, we have a competitively priced, out of the box, Medical Mal-Practice policy ready made for you. It is underwritten by Hiscox, another A-rated Brexit proof Insurer. Once your turnover in respect of beauty therapy is €65,000 per year or less, the price is only €270 for a limit of indemnity of €650,000 or €414 for a limit of indemnity of €1.3 million.

FAQ

If you have any pharmacy insurance questions, read our FAQ

Pharmacy Insurance - Frequently Asked Questions

CAEVA

01/07/2020

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Pharmacy Insurance review by  David Magee of Magee Pharmacy.

OUR CUSTOMERS SAY

"..I have used O'Callaghan Insurances for the last number of years as I feel they provide cover specifically suited to my business & personal requirements as a pharmacy owner..."

David Magee Magee Pharmacy

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OUR PHARMACY INSURANCE SPECIALISTS

Rachel Dixon  – Pharmacy Insurance Agent

RACHEL DIXON

Cathriona Faulkner  – Pharmacy Insurance Agent

CATHRIONA FAULKNER

Caroline McArdle  – Pharmacy Insurance Agent

CAROLINE MCARDLE