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Products & Services
The Pharmaguard family of products offer a wide range of insurance coverage designed specifically for both store owners and staff Pharmacists.
»Group Discounted Home & Auto Insurance
»Individual Pharmacist Malpractice Insurance
»Personal Umbrella Liability Insurance
»Watercraft & Motorcycles
»Seasonal Residences and Cottages
»All-Risk Store Insurance Package
»Directors & Officers Liability
»Commercial Automobile (Delivery Vehicles)
»Life & Financial Services
Group Discounted Home & Auto Insurance
We are proud to partner with Aviva Traders General Insurance Company in order to offer group discounted home and auto insurance to Pharmacists. We invite you to contact us and discover the difference of group insurance. Together with Traders, we are dedicated to providing competitive group rates, superior service and excellent value-added benefits.
Policyholders can take advantage of:
- The Savings of group coverage with preferred rates on your home and auto insurance.
- Financial Freedom – take advantage of five payment options including a monthly payment plan with no interest or service fee, internet and telephone banking.
- Exceptional Claims Service – One point of contact, your claims advisor will take care of what’s important to you, quarterbacking your claim from beginning to end. Representatives are available 24/7 anywhere in Canada or the U.S.
- Aviva Road Assist – 24 hour roadside assistance.
- Six/Nine Star Protector – Your assurance that your auto insurance premium won’t rise as a result of a driving accident, even if you were at fault.
Individual Pharmacist Malpractice Insurance
The Pharmaguard individual malpractice policy is OCP compliant and designed as personal professional liability coverage that follows an individual Pharmacist wherever they may work in Canada.
Benefit Highlights Include:
- Occurrence Based Coverage (provides long-term protection following retirement or should you leave the profession)
- Prior Acts Coverage (all the way back to your original date of licensing in Ontario)
- Optional Coverage now available to expand policy territory to include claims brought against you in the United States from services performed in Canada.
- Protection for all Compensatory sums for which you are legally obligated to pay resulting from the rendering or failure to render Pharmacy professional services subject to the limit of the policy
- No Deductible
- Individual policies written on 12 month policy terms
- Protection from first dollar against costs of defense, negotiation and settlement
- Coverage applies 24 hours, 7 days per week while working at any location in Canada including providing advice in a social setting
- Coverage included while performing volunteer or part-time work
- Additional built-in coverage of $25,000 of legal expense related to defending yourself in proceedings of the Ontario College of Pharmacists’ Disciplinary Board
- No Membership fees required
- Flexible payment options including monthly PAC, annual payment, and Visa/MasterCard
Personal Umbrella Liability Insurance
Add an additional layer of protection with the purchase of a personal umbrella liability policy. We can offer coverage tailor made to your needs through a number of our insurance carriers. Contact us for further details.
Watercraft & Motorcycles
What’s your pleasure? Whether it is on the water or on the highways we have you covered. We offer stand alone policies for both watercraft and motorcycles of all sizes and makes. Contact us for comprehensive coverage and competitive prices.
Seasonal Residences and Cottages
As part of our comprehensive habitional policies we can add coverage for seasonal residences and cottages. Contact us for further details.
All-Risk Store Insurance Package
Pharmaguard All-Risk Store Package (Property, Liability, Crime, Business Interruption). As a business owner you have many things to worry about. Most Pharmacy owners only discover the quality of their store insurance in the event of a claim and are sometimes very disappointed. Let us help guide you though the process now before a loss. The Pharmaguard store package protects your buildings, contents, business interruption as well as the liability of your operations. With well over 20 years of experience insuring independent pharmacies we have custom designed the package to protect your most valuable assets. Here are some of the program highlights;
Property
- All-Risk Coverage Including Sewer Back-up, Flood & Earthquake,
- Replacement Cost on Buildings, Contents and Leaseholds based on stated limits ( No-Coinsurance )
- Automatic 10% Increase to Contents ( No Charge )
- Peak Season Endorsement on Stock
- Building By-Laws Protection Built-in
- Includes Exterior Glass & Signs
- Valuable Papers, Accounts Receivable, Auditors Fees, Debris Removal, Consequential Loss
- Transit Stock, Personal Property of Officers & Employees
Money & Securities (Cash, Stamps, Tokens, Lottery, Money Orders)
- Broad Form Inside & Outside Premises
- Employee Dishonesty
- Depositors Forgery
- Money Orders & Counterfeit Paper Currency
Business Interruption
- Choice of Gross Earnings or Profits Form
- Extra Expense
Pharmacy General Liability
- Malpractice including Incidental Malpractice (Coverage Extended to Any Licensed Pharmacist)
- Special Legal Expense Coverage for Regulating Body (Complaints & Discipline Committees)
- Bodily Injury & Broad Form Property Damage
- Voluntary Medical Payments
- Products & Completed Operations
- Contingent Employers
- Personal Injury
- Non-Owned Automobile
- Tenants Legal Liability
- Employee Benefits Errors & Omissions
Optional Coverage’s Available
- Boiler & Machinery Equipment Break-Down (Comprehensive Form Including Spoilage Coverage)
- Coverage for Post Offices
- Coverage for Medical Clinics
Directors & Officers Liability
(Profit & Not for Profit Organizations)
Some Pharmacy organizations require an additional layer of liability protection. Organizations that operate with officers and a board of directors for example, require protection from potential legal actions brought against them from shareholders, various levels of government, employees, association members etc.
We offer custom solutions to meet the needs of For Profit Pharmacy and Not For Profit Pharmacy Groups. Please contact us for further details and to discuss your situation.
Commercial Automobile (Delivery Vehicles)
Many Pharmacies still offer a prescription delivery service to their customers. We can help ensure that your delivery vehicles are properly insured at the most economically prices available. Contact us for further details.
Life & Financial Services
Our Pharmaguard life & financial programs include a wide array of products that can be tailored to your individual needs.
Our products include; employer/employee group health and dental plans that feature the availability of coverage with or without drugs, a large variety of life insurance plans including term and universal life, individual income replacement and critical illness insurance as well as individual or group RSP’s and pension plans.
Contact us directly to discuss your individual needs.
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