Pharmacies are a common target for criminals, especially when you have long hours or few employees. Business insurance is a key part of risk management, and helps you recover financially from theft, fires, storms, and lawsuits. Some policies, such as workers' comp, may be required by law.
These insurance policies cover common risks faced by pharmacies.
A business owner's policy, or BOP, is a cost-effective way to buy general liability coverage and pharmacy property insurance together. Small, low-risk businesses are eligible.
A general liability policy can cover a pharmacy’s legal defense costs if a customer sues over an accidental injury or damaged property. Bundle it with commercial property insurance in a BOP.
Most states require workers' comp for pharmacies that have employees. It also protects sole proprietors from work-related injury costs that health insurance might deny.
This policy helps pharmacies survive data breaches and cyberattacks. It's recommended for any small business that handles credit cards or other sensitive data.
Umbrella insurance (similar to excess liability insurance) boosts coverage on general liability, commercial auto, or employer’s liability insurance once the underlying policy reaches its limit.
Most states require commercial auto insurance for business-owned vehicles. This policy covers accidents involving a pharmacy's delivery van or other vehicle.
It's easy to get business insurance for your pharmacy or drug store if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your pharmacy, whether you work independently or hire pharmacists.