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Is Pharmacists Mutual a Good Company?

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asked Jan 14, 2013 by anonymous

1 Answer

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Pharmacists Mutual is a specialty insurance company, dealing exclusively with policies written for the commercial medical field. Founded in 1909, the company has always remained focused on insuring pharmacists, dentists, and other businesses in the field, but began to offer personal policies for home and auto insurance through child companies in the early 1970's. Pharmacists Mutual is the only insurance company to offer a free museum for the public, an early twentieth century recreation of a drug store, mostly composed of donations made by policyholders.

Financial Rating
Pharmacists Mutual reports assets of between 50 and 100 million dollars, according to the A.M. Best Ratings Company. The company is rated "a" (excellent), two notches below the highest rating available. This rating was made in June of 2012, when the long term financial outlook of Pharmacists Mutual was rated as "a,' with an outlook of stable.

Customer Satisfaction
Pharmacists Mutual insures pharmacists and companies working within the medical field, including, dentists, medical equipment suppliers, and home health providers. The company makes the fact that every policy is custom-designed for the client an important aspect of their customer relations. Pharmacists Mutual also sells car, home and other personal liability policies through subsidiary companies, giving their customers a single location to get the insurance products they need.

Company Availability
The company is available in 49 states, and has written more than 90,000 policies for more than 50,000 clients. Most of their customers are pharmacists, dentists and other medical professionals, along with the property insurance needs of those people and their families.

Insurance Products Offered
Pharmacists Mutual is primarily engaged in providing insurance to pharmacists and the medical field. However, in an effort to make their company a single location for all insurance needs, the companies also sells property and liability coverage to individuals interested in purchasing from them.

answered Jan 14, 2013 by anonymous
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