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Pharmacists Mutual Launches Specialized Coverage for Healthcare Providers

Pharmacists Mutual Launches Specialized Coverage for Healthcare Providers

Algona-based Pharmacists Mutual Insurance Group is broadening its commercial footprint with the introduction of PM Healthcare Protect, a new product line designed to bundle professional liability and business property coverage specifically for the healthcare sector, ranging from physical therapy clinics to senior living facilities.

The initiative targets a diverse array of providers, including audiologists, home healthcare agencies, and skilled nursing centers. By integrating specialized professional liability with general liability and property insurance, the company aims to simplify risk management for business owners who previously had to navigate fragmented coverage options. Division President Alison VanOtterloo noted that the product represents a strategic shift in how the firm supports community-based healthcare organizations.

Founded in 1909, the insurer maintains a significant presence across all 50 states and the District of Columbia. The company currently holds an A- Excellent financial strength rating from A.M. Best. This expansion leverages the group’s century-long operational history to address the increasingly complex liability requirements of modern medical and home-care service providers.

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