Professional Liability Insurance in Oakville (E & O Insurance)
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While most Ontario residents think of Oakville for its convenient location and gorgeous scenery, this small but bustling town on the shores of Lake Ontario has actually become a major hub for businesses of all kinds. As more businesses begin to pop up each day in Oakville, professional liability insurance is becoming more critical than ever.
Also known as Errors and Omissions insurance, professional liability insurance covers contractors, consultants and specialists in Oakville for legal fees arising from claims of negligence or wrongdoing. As life and business becomes increasingly complex for the more than 200,000 residents of Oakville, E&O insurance claims are on the rise as well.
Who Needs Professional Liability Insurance in Oakville?
Oakville is home to over 8000 businesses stretching across a wide variety of sectors. Some of the most pressing needs for Errors and Omissions insurance in Oakville today come from the same sectors that are driving a significant amount of its economic growth, including:
Oakville is home to over 2300 professional and financial services businesses employing nearly 28,000 people. Whether a small miscalculation is made or even if a claim is filed that is completely false, professional liability insurance can be critical in protecting your professional future.
Thanks to a province-wide commitment to innovation and resources from the renowned Sheridan College (which produces some of the top animation talent in the world), Oakville is in the midst of a digital media revolution. As new technology emerges however, so too does new risk for professionals.
Oakville is also booming with business in fields such as manufacturing, human sciences, and retail. Managers in these and other fields assume the risk of both their own professional actions and those of their teams.
As more business floods into the town of Oakville, E&O coverage will only become more and more critical as the risks and interactions of professionals in all fields become more connected and more complex. Don’t leave yourself at risk.
Get a Free Quote and Get Covered Now
Bottom line: if you work in Oakville in any form of contractor, consultant, specialist, or clinical role, you may not be fully protected with traditional CGL insurance. You work hard to earn the life you want; you owe it to yourself to see if you are properly covered.
Take a few minutes to get a free quote and secure your coverage online today.