Global insurance group Howden has launched flexible professional indemnity, medical malpractice, public liability and commercial shop insurance products for UK pharmacies.
The scope of cover is designed to encompass the growing clinical and business needs of pharmacies at a time when they are increasingly diversifying into more areas of care provision. Products can be purchased as one combined policy with a single renewal date or separately.
Despite the size of the pharmacy sector, there is limited choice of specialist insurance products. Howden said its new specialist products will provide pharmacies with an alternative option at a time when there is increasing financial pressure in the sector.
The new product suite has been designed by Howden divisional director Ian Smith and is underwritten by Allied World.
‘Having worked closely with pharmacies for many years I have great admiration and empathy for the invaluable work they do for the nation,’ said Smith. ‘In these pressurised times, I am really pleased we can offer a compelling proposition to make pharmacists’ lives a bit easier.’
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