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Pharmacist Malpractice Insurance

Pharmacists work hard to develop relationships with customers, and that effort shows. People rely on the guidance and advice of a qualified pharmacist to help them understand and properly use the medications prescribed for them by doctors. The pharmacist fulfills a vital role in wellness of their customers: that of ensuring that each patient understands exactly how their medications should be administered and how to avoid harmful complications.

Pharmacology is a complex field that is constantly being updated. New drugs are available on a regular basis and it is part of the pharmacist’s responsibilities to keep abreast of any developments that may affect their practice. They must be able to identify and understand how each drug works, how it may interact with other medications, and be on the lookout for any possible complications. It’s no easy job, and that is why having pharmacist malpractice insurance is so important.

Pharmacist Malpractice Insurance -  Why Do You Need It?

Mistakes can occur even for an experienced and knowledgeable pharmacist. Chances are that the pharmacist’s employer will carry some professional liability insurance that covers them and their employees to some extent in the event of an accident or error. However, this insurance may not be sufficient to cover the pharmacist’s needs. To err on the side of caution, more and more pharmacists are electing to purchase their own malpractice insurance policy.

Pharmacist malpractice insurance is a relatively inexpensive service, yet it can prove to be invaluable should a malpractice lawsuit ever be brought against the pharmacist. A simple miscount of pills or mistaking one medication for another can lead to harmful effects to the patient. If the patient suffers any sort of damage from this error – whether it is physical or financial – the patient may be able to bring a malpractice lawsuit against the pharmacist.

Pharmacist Malpractice Insurance - What You Should Know

If this happens, it can devastate the life of the pharmacist. They may be suspended from work or may have to miss considerable amounts of work to deal with the lawsuit. Additionally, the costs of a lawsuit can be extremely difficult to deal with. Attorney fees and court costs alone can prove to be singularly detrimental to any current income and to the pharmacist’s savings account.

Pharmacist malpractice insurance helps alleviate many of the costs associated with a malpractice lawsuit. The pharmacist will be able to secure adequate legal counsel, pay court fees, and compensate the plaintiff if necessary – and all without financial distress.

Last modified: May 15, 2011