Management Consultants Professional Indemnity Insurance
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Management Consultants are not simply faced with claims for breach of specific or implied contract terms, but are vulnerable to allegations and claims of negligence arising from failure to meet client expectations. The right professional indemnity insurance is essential.
Management Consultants professional indemnity insurance provides vital cover you need
Projects undertaken by Management Consultants may involve the identification of best practices, change management, technology implementations, and strategy development amongst many others areas. The degree of skill and care required remains that which should reasonably be expected of a competent person in that profession. Exposure to a potential professional indemnity claim exists in any situation where a client makes a business decision based on the perceived skill or expertise of the consultant.
Client demands place greater responsibilities on those providing professional services than ever before, and greater contractual responsibilities leave consultants more vulnerable to being sued.