Professional Liability Insurance

 


Designed specifically with pharmacists in mind

RxA is dedicated to provide our members with the relevant tools and resources to succeed professionally. This is why we we offer claims-made professional liability insurance through the Canadian Pharmacists Benefits Association (CPBA).
 
What are the insurance requirements?
All pharmacists on the Alberta College of Pharmacists (ACP) clinical register must provide proof of a minimum of $2,000,000 personal liability insurance. For more details visit the ACP website.
 
What are my options when it comes to professional liability insurance?
All insurance offerings are not created equal. Each pharmacist should understand their requirements for insurance and ensure their selected insurance option is appropriate for their circumstances.

To help pharmacists better understand the liability insurance options available, we have developed an in-depth fact sheet. Download the fact sheet here.

CPBA has also produced an informational brochure. Download the brochure here.

What is available through RxA?
The CPBA professional liability insurance offered through RxA exceeds ACP requirements and is well-suited for traditional roles as well as expanding scope of practice.
  • Optional $2 million professional liability insurance exclusive to RxA members that meets ACP licensing requirements. 
  • Professional liability insurance coverage is available in higher increments
    (2/4 m aggregate and 5 million coverage available) 
  • Claims-made insurance. The policy covers claims first made during the policy term.

Professional Liability Insurance Limits
2013/2014

Annual Premium

$2,000,000/claim and annual aggregate*  

$181.00

$2,000,000/claim; $4,000,000 annual aggregate*

$215.00

$5,000,000/claim and annual aggregate*

$340.00

Additional USA Coverage Option: Legal Defense costs to a maximum of  $1,000,000

$80.00


How to purchase professional liability insurance offered through RxA?
CPBA professional liability insurance is only available to you if you are an RxA member.  Learn more about the benefits of membership here.
  
What if I already hold professional liability insurance through CPBA?
If you already hold claims-made professional liability insurance through CPBA, visit  the Member Programs page (member login required). Important resources pertaining to your insurance is available for you, such as policy information and what to do if a claim is filled against you.
 
 



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