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Posted on: January 14, 2016 by Huntersure
Based on the nature of their work, consultants face a variety of risks in their daily operations. From contractual disputes to failure to perform, these risks require an adequate Management Consultant Liability program. Therefore, professional consultants should be weary of the following common legal risks.
Contractual Commitments
My Article Archive states that when the client requires the consultant to represent that he or she owns the right to use specific tools or instruments ‑‑ such as tests or performance aids ‑‑ any violation of copyright law may lead to breach of contract; particularly when the client is also sued for infringement. Further, breaching confidentiality agreements and failing to produce the data promised also results in disputes.
Negligent Advice
This could result from ill-advised information on team building, business strategy, conflict resolution, performance, etc. If any of the advice provided results in noncompliance with a state or federal law, this may result in significant liabilities for the consultant. These include financial damages, personal injury claims, and indemnification.
Discrimination
Any discriminatory policies or curriculums that the consultant might produce are subject to litigation if the client takes legal action. As this may lead to personal exposure issues and client reputational damage, it is especially important to monitor the materials used.
Ineffective Documentation
All activities, plans, and agreements should be documented in case of a legal battle. All written material may be used as evidence and should be used to protect the consultant.
At Huntersure, we offer professional liability insurance for large management consultant firms. We specialize in writing products specifically designed to cater to this sector and pride ourselves on our exclusive nationwide carrier relationships to offer competitive pricing. For more information, contact us today at (855) 585-6255.
Posted in: blog Professional Liability