Contact Us 1-800-982-9491 My account Get a Quote Renew Now Search Contact Us 1-800-982-9491 My account Insurance for you Individual Practitioners Businesses or Practices Students or Recent Graduates SchoolsPersonal Insurance Resources About us About HPSO HPSO Partners BrokersMember Reviews Customer service My Account Contact Us File a claim FAQs Glossary Sample Certificate of InsuranceSample Policy Forms Search Search for: Get a Quote Renew Now My Account Search Contact us 1-800-982-9491 Pharmacist Professional Liability Exposure Claim Report: 3rd Edition Pharmacist Liability Claim Report: 3rd Edition Key findings include: $20 million paid for pharmacist malpractice claims over the 6-year study period. $136,000 average malpractice claim cost, up from $132,185 in the 2018 dataset, a 2.9% increase. $7,650 average cost of a license defense matter, up from $5,349 in the 2018 dataset, an increase of more than 43%. Approximately 70% of license protection matters led to some type of Board action against a pharmacist’s license. Claims associated with compounding pharmacies tend to be some of the most severe as compared to other pharmacy types, with an average total incurred of $438,221. Wrong dose/strength claims remain the second highest percentage of all claims by allegation. The category also reflected a 46 percent increase in average total incurred from $49,901 to $72,972. Risk Control Spotlights: Defending Your License Documentation - Coming soon! Vaccination Safety - Coming soon! Safety Culture - Coming soon! Policies and Procedures - Coming soon! De-escalation and Crisis Management - Coming soon! Workplace Issues and Well-Being - Coming soon! Additional resources: U.S. FDA Drug Safety Information (FDA) MedWatch: The FDA Safety Information and Adverse Event Reporting Program (FDA) Human Drug Compounding (FDA) Compounding Questions and Answers (FDA) American Pharmacists Association (APhA) Pharmacy News: Medication Safety (APhA) Compounding Resources (APhA) Institute for Safe Medication Practices (ISMP) Medication Safety Self-Assessments (ISMP) Guidelines for Sterile Compounding and the Safe Use of Sterile Compounding Technology (ISMP) Targeted Medication Safety Best Practices For Community Pharmacy (ISMP) For Hospitals (ISMP) High-Alert Medications In Community/Ambulatory Care Settings (ISMP) In Long-Term Care (LTC) Settings (ISMP) Learning Guides for Consumers (ISMP) Risk-Reductions Strategies Associated with High-Alert Medication List (ISMP) List of Error-Prone Abbreviations, Symbols, and Dose Designations (ISMP) Look-Alike Drug Names with Recommended Tall Man (Mixed Case) Letters (ISMP & FDA) Adopt Strategies to Manage Look-Alike and/or Sound-Alike Medication Name Mix-Ups (ISMP) Agency for Healthcare Research and Quality (AHRQ) AHRQ's Patient Safety Network (PSNet) U.S. Pharmacopeia (USP) Pharmacists Recovery Network (USAPRN) Archive: Pharmacist Liability Claim Report: 2nd Edition Helpful resources for you Pharmacists Pharmacists Learn more Your multifaceted role enables you to have a significant positive impact on patient health CE for Pharmacists Learn more Risk Management Continuing Education Program for Pharmacists Learn more Pharmacist Video Case Study: Wrong dose error results from improper supervision of a pharmacy technician Read more This case involves a pharmacist business owner who independently owned a community pharmacy