What it does
BP 08 07 addresses professional liability arising out of the rendering of or failure to render professional services in the practice of a retail pharmacist or pharmacy. The BP 00 03 professional services exclusion specifically lists services in the practice of pharmacy, so a pharmacy without this endorsement has no coverage on its BOP for dispensing errors such as wrong drug, wrong strength or wrong patient.
Broad coverage option
ISO also offers Pharmacists – Broad Coverage, which expands the coverage to services such as administering or prescribing drugs and consulting, diagnostic or referral services where state law allows pharmacists to perform them – relevant for pharmacies giving vaccinations or running clinics.
Who needs it
Independent and small-chain retail pharmacies written on the BOP.
Quoting and selling notes
- Ask about prescription volume, compounding, immunizations, delivery and long-term care work.
- Check whether each pharmacist needs individual coverage or is an insured under the pharmacy's endorsement.
- Illinois and Massachusetts use state versions (BP 08 56, BP 14 52).
