Druggists Liability Insurance

Definition of "Druggists liability insurance"

Coverage in the event that, while practicing the profession of druggist, an act or omission is committed resulting in bodily injury, personal injury, and/or property damage to a customer. Also covered is liability arising through the use of products on or off of the business's premises. For example, a child is born after a druggist negligently places sugar tablets instead of birth control pills in a container for a customer. The druggist may have to provide funds necessary to sustain the child until the age of majority.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Policy in which an insurer agrees to pay property or liability losses (generally 80-100%) in excess of a specific amount paid on all losses during a policy year. ...

End of a defined time period that dividends become payable to the policyholder. ...

Contract between the reinsurer and the ceding company stipulating the manner in which insurance written on various risks is to be shared. ...

Commission paid to a broker for selling an insurance company's products. This fee may or may not include an expense allowance depending on the amount of business the broker places with the ...

Separate account created by the Tax Relief Act of 1997 and named after Senator William Roth Jr. of Delaware. A working individual may contribute up to 100% of compensation or $2000. The ...

Type of flexible spending account. ...

Buying a home or investing in a commercial property in the United States implies complex legal clauses. Perhaps one of the most perplexing ones is the noncontribution mortgage clause. If ...

Organization of property insurance companies whose goal is to prevent and uncover fraudulent automobile fire and theft claims. ...

Factors on the application that must be evaluated in order to complete the underwriting process: age; sex; physical condition; personal health history; family health history; financial ...

Popular Insurance Questions