Pharmacy Technician Insurance

Pharmacy Technician Insurance

Get comprehensive pharmacy techician insurance to safeguard your assets and reputation.

Zensurance - Pharmacy Technician Insurance

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Pharmacy Tech Coverage

Insurance for pharmacy technicians

The vital services pharmacy technicians offer have never been more important in Canada. 

These healthcare professionals’ primary role is to assist pharmacists in preparing and dispensing medications to patients. It’s a significant responsibility involving more than preparing and administering medications. But also includes medication labelling, inventory management, and data entry while adhering to provincial regulations.

Sometimes called pharmacy technician malpractice insurance, all licensed College of Pharmacy professionals in every province must carry professional liability or medical malpractice insurance.

Pharmacy technician liability insurance is a customized policy featuring coverages designed to protect pharmacy techs from everyday liability risks. 

This type of insurance covers pharmacy techs if they make a mistake, give incorrect advice, or fail to perform their duties as required.

A pharmacy technician liability insurance policy typically includes the following coverages:

  • Professional Liability Insurance: Also called errors and omissions (E&O) or medical malpractice insurance, professional liability insurance protects pharmacy techs from allegations and claims of professional negligence. It is designed to cover the cost of claims or lawsuits against you alleging negligence, mistakes, or failure to deliver a service as required or promised.
  • Legal Expense Insurance: Legal expense insurance covers the costs of seeking legal advice from an experienced lawyer for common business-related issues. It includes statutory licence protection if you’re under investigation by your provincial regulator due to a patient complaint against you, legal advice if the Canada Revenue Agency audits you, and support for your defence if an employee or former employee sues you.

There may be additional coverages you require to create a comprehensive policy, such as:

  • General Liability Insurance: General liability insurance covers third-party bodily injury or property damage claims. Also known as ‘slip-and-fall’ insurance, it is designed to pay for an injured person’s medical expenses if they suffer an injury or damage to their personal property while on your premises resulting from your pharmacy’s daily activities.
  • Cyber Liability Insurance: Cyber liability insurance helps pay for and recover from damage and loss because of a data breach or cyber-attack that compromises your patients’ confidential information. 

Speak to a licensed Zensurance broker if you have questions about what type of policy you require.

Your insurance provider or company determines the annual premium for pharmacy technician liability insurance. An insurer considers the following factors when pricing your policy:

  • Your location
  • Your licensing, education, and training
  • Your years of experience
  • The services you provide
  • Whether your policy is a ‘claims-made’ or ‘occurrence-based’ policy
  • Your annual and gross projected revenue
  • Your insurance claim history

A pharmacy tech insurance policy featuring $1 million of coverage may cost approximately $150 per year. Consult your provincial regulator to know the minimum amount of coverage you must carry.

Getting insured is quick and easy!

Complete our 5-minute online application for a free pharmacy tech liability insurance quote.

Common claims scenarios

pharmacy tech with customer

Problem: You accidentally dispense the wrong medication, dosage, or instructions to a patient causing them physical harm. They threaten legal action against you.

Outcome: Your professional liability insurance may cover your legal defence fees and any financial settlement or judgment against you.

pharmacy technician - errors and omissions

Problem: You neglect to provide a patient with adequate counselling on their medication use, side effects, and necessary precautions. They file a complaint against you with your provincial regulator.

Outcome: Your legal expense insurance may cover your legal fees to retain counsel to defend yourself in an investigation by your provincial regulator.

Problem: You inadvertently expose a patient’s confidential information in a data breach, violating their privacy. They threaten legal action against you for breach of confidentiality.

Outcome: Your cyber liability insurance may cover the cost of providing the patient with credit monitoring services, legal advice for you, and crisis management services.

Frequently asked questions

How much coverage does my pharmacy technician insurance policy require?

Your policy’s coverage limit depends on the minimum amount of insurance required by your provincial regulator, your pharmacy practice setting, the level of risk, and potential legal costs you may incur.

Does pharmacy tech liability insurance cover all types of pharmacy practice settings?

Coverage can vary among policies. Policies may differ for those working in community pharmacies, hospitals, or other healthcare facilities. Speak to a Zensurance broker to learn what your options are.

Are legal defence costs covered even if a claim against me is meritless or unfounded?

Yes. A pharmacy technician liability insurance policy covers your legal defence costs, even if the claim against you is unfounded, meritless, or frivolous.

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Fill out our online application for a free quote. Our knowledgeable brokers will shop our partner network of over 50 Canadian insurance providers to get the low-cost policy you need and tailor it to ensure you’re covered adequately.