Pharmacists Mutual Companies
OUR MISSION:
To help our customers attain peace of mind through specialized insurance solutions and superior personal service.
The
year was 1898 when a young man named Albert Falkenhainer moved west
to Titonka, Iowa, to open the town's first business: a drug store.
Four years
later when that store was destroyed by fire, he learned firsthand
about the often painful experiences encountered by druggists seeking
insurance: difficulties with loss settlements, poor service, and
excessive premiums.
Falkenhainer did rebuild his drug store, and during the
process, another new business was
born. He obtained a mutual insurance company charter in 1909 and
began offering policies to
pharmacists that same year. Falkenhainer's philosophy was simple,
yet powerful: Be the best
at serving your customers. From its earliest days, Druggists Mutual
Insurance Company was
dedicated to the pharmacy profession and the "mutual" concept.
Since
its beginning, Druggists Mutual Insurance has had a unique understanding
of druggists
insurance and financial needs. The name changed in 1992 to Pharmacists
Mutual Insurance Company. The
company continues to evolve with the changing needs of today’s
pharmacists. Practicing pharmacists serve on the Board of Directors.
Our on-staff pharmacist/attorney stays in touch with current legislation
and litigation trends that affect you. Pharmacists Mutual field
representatives serve as your link to the company and have years
of experience with
your profession.
Our Board of Directors, officers and employees
are dedicated to our core values and are committed to conducting business
in accordance
with the highest ethical standards. Pharmacists Mutual is also
very active in support of pharmacy. We take pride in supporting
state
pharmacy associations, college of pharmacy scholarship programs, the pharmaceutical
industry through our Foundation, and sponsorship of the Distinguished Young Pharmacist Award nationwide. Pharmacists Mutual Companies
are
committed to pharmacy--your profession!
Our commitment to quality
and outstanding service for your professional, business, and personal
insurance coverage shows that we know excellent value is essential.
Our competitive rates and dividend payments to policyholders
each year since 1909 show we share your concern about cost control.
Pharmacists
Mutual Companies
808 Highway 18 West, P.O. Box 370
Algona,
Iowa 50511
800.247.5930 •• Fax 515.295.9306
Why Pharmacists Mutual Companies?
Pharmacists Mutual was created
by pharmacists and has specialized in insuring members of the pharmacy
community for more than a century.
Financial stability
- Rated A (Excellent) rating by
A.M. Best for over 90 years
- Dividends returned every year since 1909, however they are not guaranteed
Personal service
- Local representatives call on and service pharmacists
in the state
- PMC fully licensed sales associates are a phone
call away
- Large or special accounts are assigned a home office representative
Risk
management services
- On-staff risk management specialists to assist
policyholders
- Risk Management tools and resources available at www.phmic.com
- Risk Management newsletter that provides loss control information and resources
Courteous, fast,
and fair claims service
- The hallmark of Pharmacists Mutual
Commitment to
the profession of pharmacy
- Speakers are provided to colleges of
pharmacy and available for state associations presentations
- Scholarships
are awarded to pharmacy students each year
- Sponsorship of the Distinguished Young Pharmacist Award nationwide
Broadest professional
liability in the industry
- Coverage is based on NABP definition of
pharmacy practice
- PMC staff pharmacist-attorney
constantly monitors legislation and litigation
PHARMACISTS MUTUAL COMPANIES
INSURANCE PRODUCTS AND FINANCIAL SERVICES
PROFESSIONAL COVERAGE FOR PHARMACISTS
- Individual
Professional Liability
- Businessowners Liability
- Student Professional Liability
- Consultant Pharmacist Package
- Home Health Care Package
COVERAGE FOR PHARMACY OWNERS
- Workers Compensation
- Buildings
- Contents
- General Liability
- Contingent Liability-Building Code
- Sprinkler Leakage
- Increased Cost of Construction
- Signs
- Plate Glass
- Valuable Papers and Prescription Files
- Loss of Rents
- Computer Hardware and Software
- Equipment Floater
- Earthquake/Flood
- Business Auto
- Umbrella Liability
- Officers and Directors E & O
- Builder's Risk
- Employee Dishonesty
- Bonds
- Crime
- Accounts Receivable
- Fire Legal Liability
- Liquor Liability
- Boiler and Machinery
- Business Interruption
COVERAGE FOR PHARMACY TECHNICIANS
- Individual Professional Liability
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PERSONAL LINES
- HomeOwners/Renters
- Auto and Motorcycle
- Boatowners
- Umbrella Liability
EMPLOYEE BENEFITS
Health Insurance
- Group
- Individual
- Short Term Health
- Long Term Care
- Dental
- Cancer Policy
- Medicare Supplement
- Accidental Death and Dismemberment
Disability
- Group
- Individual
- Business Overhead
- Buy/Sell Coverage
Life Insurance
- Whole Life
- 10-20 Year Level Term
- 12 Pay Whole Life
- Single Premium Whole Life
Retirement Benefits
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