Friday, September 11, 2009

Claims example

A consultant acted as an interim finance director for a client.

During the period of temporary employment, the client's suffered a downturn in its fortune: profits plummeted and staff were made redundant.

Unsurprisingly, fingers were pointed at the strategic decisions made by the consultant.

When the client sued the consultant for professional negligence, insurers stepped in to defend the allegations. Legal costs were covered and the consultant sustained minimal damage to his reputation.

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