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A small business faced a wrongful termination claim from a former employee who alleged discrimination based on age. The employee sought damages amounting to $250,000, which could have severely impacted the company’s finances. Fortunately, the business had Employment Practices Liability Insurance (EPLI). The insurer covered the legal defense costs, which totaled approximately $50,000, allowing the company to effectively defend against the claims without depleting its resources. Ultimately, the case was dismissed, and the firm avoided a potentially damaging payout, showcasing how EPLI can protect businesses from significant financial burdens while ensuring they can focus on their operations.

Click here to read the fire safety alert in the wake of Hurricane Helene.

Pharmacists Mutual strives to provide peace of mind. If you need our help after the storm passes, rest assured we are here for you. Here is a list of tips to help you prepare for the storm.

Governor Lee issued Executive Order 105 on September 27, 2024, in response to the severe weather and flooding that has recently affected the state. In response to this order, the State of Tennessee Department of Commerce and Insurance Tennessee issued Bulletin 2024-03 that was directed to all Tennessee-licensed insurance companies and insurance professionals licensed in other states.

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Looting is often associated with protests and civil unrest events that spiral out of control. Nefarious characters often take advantage of confusion and highly charged settings to rob and damage local storefronts, smashing and grabbing as much merchandise as possible.

GLP-1 drugs seem to be on everyone’s mind and in the news pretty regularly.  Compounding pharmacies have played a crucial role in providing these medications to patients, while the manufactured drugs have remained in shortage for many months.  Pharmacists Mutual has seen claims against pharmacists and pharmacies for adverse reactions in patients and allegations in these claims include improper compounding techniques as well as potential copyright infringement issues.  If you are actively involved in compounding GLP-1 drugs or are looking to add these medications to your formulation list, consider the following points:

Most business owners are aware of the potential for civil unrest within or near their communities. According to the Carnegie Endowment for International Peace, there have been more than 700 significant antigovernment protests in more than 147 countries worldwide since 2017. While some citizens take to the streets with good intent to protest peacefully, history shows it doesn’t take much for gatherings to quickly escalate and cause damage to people and property alike.

The Atlantic hurricane season runs from June 1^st through November 30^th.  When a hurricane is predicted to make landfall near your location, it’s already too late to prepare.  Stores will be out of preparedness supplies, and grocery stores will likely have bare shelves.

Recent studies show that political risk and violence rank as the eighth-largest worry for companies globally in 2024, up from 10th in 2023 and 13th in 2022. This steadily increasing concern is well-placed, as the costs from U.S. riots during the 2020 election year reached $1-$2 billion in insurance claims.