Professional Liability Insurance in Cambridge (E & O Insurance)
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One of the largest cities in the Waterloo Region, Cambridge blends rich history and modern development to create a pleasant community for its more than 130,000 residents. Between its historic downtown cores of Galt, Preston and Hespeler, to its newly developing urban centers, Cambridge is a city on the rise.
As more business migrates to Cambridge, professional liability insurance has become a pressing need for many consultants, contractors, and specialists in the region. While many professionals make the mistake of thinking they are fully covered with traditional CGL insurance, the truth is many are still at risk.
Who Needs Professional Liability Insurance in Cambridge?
Also known as Errors and Omissions insurance, professional liability insurance covers legal fees and damages for contractors, specialists, and consultants in Cambridge should they be sued for wrongdoing or negligence.
Take a look at some of the key industries and professionals that receive a high number of E&O insurance claims in Cambridge:
Cambridge has served as the backdrop for film and television projects such as American Gods and The Handmaid’s Tale. Add to that a slew of new jobs emerging for digital media and creative specialists, and you have a recipe for increasingly complex legal risks.
Major projects such as downtown revitalization and renovation efforts keep construction contractors busy in Cambridge. Unfortunately, working with sub-contractors and managing multiple projects can make it easy for a mistake or miscommunication to be made.
While new industries continue to grow, retail and manufacturing still employ a massive percentage of the workforce in Cambridge. Managers in these fields are exposed to increased legal risk as they assume responsibility for both themselves and the teams they lead.
These of course are just a few of the many professionals that can benefit from professional liability insurance coverage in Cambridge. Take the time to see if you’re properly protected.
Get a Free Quote and Get Covered Now
Bottom line: Cambridge is a wonderful place to live and work. Don’t let the life you work hard for be put in jeopardy by one mistake or false claim. Take a few short minutes to get a free quote and secure your errors and omissions coverage online today.