Coverage options
Individual Professional Liability Insurance (PLI) – Claims Made
Professional Liability insurance (PLI) protects you against liability or allegations of liability for injury or damages that have resulted from a negligent act, error, omission, or malpractice that has arisen out of your professional capacity as a pharmacist, pharmacy technician, pharmacy student, or resident or if a complaint is made against you to your College. PLI protects pharmacists, pharmacy technicians, pharmacy students, and residents by ensuring that your legal defence is coordinated and paid for if a claim is made against you. Your PLI also covers the cost of patient compensation or damages.
Commercial General Liability (CGL) – Occurrence Form
CGL provides coverage to protect against claims arising from injury or property damage that you or your business may cause to another person as a result of your operations and/or premises. This insurance is recommended for pharmacists who contract out their services or bill under their business name and for pharmacists who own or operate a business.
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Pro-rated savings
The policy term is July 1 to June 30.
Pro-rating applies to Pharmacist and Pharmacy Technician premiums. Pharmacy Student/Intern premiums are exempt from pro-rating. Applications submitted between December 1 and June 30 each term will be subject to pro-rated savings as follows:
- December 1 – March 31: 25%
- April 1 – June 30: 50%