Professional Liability Insurance in Barrie (E & O Insurance)
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Located in central Ontario, Barrie is well-known as a tourist destination renowned for its peaceful scenery and quiet streets. While many may think of Barrie as a bedroom community for those living and working elsewhere, there is a thriving economy within the city limits breaming with diverse professionals.
For those who do proudly build their businesses in Barrie, professional liability insurance has become an essential tool to help protect your business from claims of negligence or wrongdoing. Even when a claim has no grounds in reality, legal fees can lie in the thousands, so take the time to see if you are properly protected.
Who Needs Professional Liability Insurance in Barrie?
Professional liability insurance (also known as Errors and Omissions insurance) covers Barrie contractors, consultants and specialists in the event of legal claims of wrongdoing or negligence. While many think that they have sufficient coverage through traditional CGL insurance in Barrie, the truth is that many find themselves dangerously under protected.
Take a look at some of the key industries and professionals that receive a high number of E&O insurance claims in Barrie:
Health care and social assistance make up nearly 15% of the employment in Barrie. No matter how righteous their intentions may be, social workers and mental health specialists often find themselves the target of harsh legal claims.
Whether working to maintain Barrie’s beautiful buildings or erecting new structures in the region, construction contractors are taking on new roles all the time and thus finding taking on new legal risk.
As the driving force behind any new construction, engineers help make communities better. Unfortunately, in working with so many sub-contractors and moving parts, it is easy to make small mistakes or be blamed for one you haven’t made.
These of course are just a few of the many professionals that can benefit from professional liability insurance coverage in Barrie. Whether you work in the tourism sector, own a small business, or lend your skills in a consultative role, you owe it to yourself to see if you are properly covered.
Get a Free Quote and Get Covered Now
Bottom line: if you have direct or indirect interactions with clients in Barrie, errors and omissions coverage could be essential in protecting your business and your future. Take a few short minutes to get a free quote and secure your coverage online today.