What is an Arizona Wholesale Pharmacy Bond?
The Arizona wholesale pharmacy bond is there to shield pharmacies if their employees/owners commit unprofessional conduct when providing prescriptions, managing the pharmacy business, and selling over-the-counter drugs to the public. Likewise, these pharmacies are protected by the bond when such personnel or pharmacy owner does.
Similarly, these pharmacies are protected by the bond when such personnel or pharmacy owner do prohibited acts stipulated under the Arizona Revised Statutes, Title 32, which include: 1) prescribing/selling medicines to the public under the influence of drugs or alcohol; 2) being irresponsible when issuing prescriptions to pharmacies; 3) endangering any customer/pharmacy of their safety 4) owning or managing a pharmacy wholesale business and not being 21 years old; 5) not having been in employment full time for at least 3 years at a pharmacy or wholesale pharmacy distributor, and 6) operating a pharmacy wholesale business after having been found guilty of a crime.
Why do you need a Wholesale Pharmacy Bond?
Having a wholesale pharmacy bond will make you a business person of reliability and capability. You are essentially demonstrating to your customers that you are competent in providing the services you offer in an ethical, righteous, and dexterous manner.
This is exceptionally imperative in improving your status as an enterprise owner and can automatically boost your image within the industry. With the bond, clients are in no doubt secure in availing of your services.
More details about Wholesale Pharmacy Bond
Before getting bonded, you need to obtain a Drug Wholesale permit. For you to have this permit, you as a drug wholesaler should not in any way, order drugs or attempt to open for business unless the final inspection has been conducted and written approval of a Compliance Officer has been issued.
Opening inspections must be slated a week in advance with the Compliance Officer. Also, no permit shall be issued unless there is conformity with the local zoning requirements. Furthermore, a wholesale drug permittee is not allowed to produce, put together, or repackage label, re-label or make any changes to any pharmaceutical product or container.
What is the cost of a Wholesale Pharmacy Bond?
A wholesale pharmacy bond is immensely dependent on your financial credit report and standing as a business owner. Qualified candidates with robust financial documentation and excellent entrepreneurial performance can look forward to paying smaller premiums than those who have a dubious credit history.
How do I get a Wholesale Pharmacy Bond?
Getting a bond is simple. However, be sure to contact only certified professionals in the field of surety. Give Surety Bond Authority specialists a call now! With Surety Bond Authority taking care of your business affairs, you will have the answers you need and the solution to whatever concerns you have in protecting your business.