Skip to main content

Pharmacy 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.

You Could Save Over 30%*

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

Get in Touch

Platinum Trusted Service Award Winners 2024

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.

Frequently Asked Questions

A

Shop owners need insurance for several reasons, but the main benefit is to help shop owners mitigate financial risks and protect themselves, their employees and their customers. It helps provide peace of mind and financial security in the event of unexpected events or accidents.

A

Yes, as a self-employed business owner, it’s important to have insurance protection in place. While the specific insurance needs may vary depending on the nature of your business, there are several types of insurance that are commonly recommended for self-employed business owners. To discuss the options, talk to one of our advisers today.

A

The cost of shop insurance depends on a number of factors such as: the size of your business, the type of shop you run and how much stock you hold. To discuss your options or to compare the cover you have via another provider with what we could offer you, take advantage of our free business insurance check today.


You Could Save Over 30%*