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Please note that Markel Specialty might not provide professional liability coverages for all company types and coverage goes through policy restrictions and exemptions. Speak with a Markel Specialized representative to discuss what coverages would work best for you and your service.

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Last updated in February 2013 The phrase "professional liability" is typically comprehended to be a duty to your clients or others for your acts as a pharmacist.  PBIB ins  is protection for a pharmacist that supplies security in the occasion a claim is made versus a pharmacist involving a real or alleged mistake or omission while bring out his or her duties that are within the "scope of practice" for a pharmacist.

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While numerous employers' policies extend coverage to employees while acting within the scope of their responsibilities as such, you may not be protected under your company's insurance coverage to the very same degree or in the exact same way as you would be if you acquired your own standalone protection. Your company's protection is in place mostly to secure the organization for your actions when you are acting on behalf of your company.

Pay all reasonable expenses sustained in the defense or examination of a covered claim. Pay you for lost incomes. Offer repayment for attorney costs or investigative costs for inquiries before any body such as the pharmacy licensing board that regulates expert conduct of pharmacists. It will likewise cover particular costs incurred if you are needed to provide a deposition or statement in a case.

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Our Professional Liability & Services - Wilson Elser Statements

Specific professional liability insurance covers you for your expert drug store services beyond your company's setting as long as they are within the regular duties and activities or "scope of practice" for a pharmacist. It is fairly common that your employer's protection might have limitations for activities that are not associated with your work with the organization.