CONSULTANTS: There is probably no faster growing segment of today's business landscape than that of the independent consultant. Sure, there have always been the large, national and international consulting firms, such as McKinsey & Co., Booz Allen, and others - fine firms, to be sure - but now businesses of all types and sizes are turning to consultants of all types and sizes to guide them through the increasing complex issues facing all of us.
	Of course the role of consultants has grown exponentially over the past decade, as corporations sought to downsize and streamline their operations. Not only has this resulted in a large number of highly qualified individuals suddenly finding themselves being pushed out of their corporate positions, but after the initial shock has worn off many of these individuals find that they prefer the independence of "running their own show" - either as an individual or by joining forces with others.
	Conversely, now that many corporations are running with much leaner executive staffing levels, the availability of outside consultants allows for the creation of "virtual departments" to address specific needs or assignments, without having to take on permanent staff with all of the added payroll and benefit costs this entails. Once the assignment is complete, the contract with the consulting firm is terminated, and everyone moves on.
	Consulting disciplines can include:

 

Business Strategy

Crisis Management

Employee Assistance

Environmental

Executive Search

Human Resources

Legal, including Jury Selection

Management

Marketing

Mediation

Non-profit Fundraising

Outplacement

Political

Public Relations

Relocation

Risk Management

Software

Technology, including Systems Integration

Training

 

	The list is virtually limitless. Anyone who has particular expertise and experience in a given field can consult - provided, of course, that someone else is looking for that expertise.
	Naturally, just like any other professional, a consultant or consulting firm can be held liable for the quality of their work. Therefore, it is very important that consultants protect themselves and their firm from claims arising from their alleged failure to provide the agreed-upon services.
	Remember, of course, that even if the claim being made is ultimately determined to be groundless, a properly designed and underwritten professional liability insurance policy will provide you and your firm with a defense. Ironically, the cost of defending a claim is very often far greater than the actual damages.
	I have had the opportunity to work with a wide variety of types and sizes consultants and consulting firms. As truly "independent" insurance agents and brokers, my firm enjoys broad access to any equally wide variety of insurance carriers, programs and underwriters.
	Why don't you click here and complete a brief form outlining your situation, or give me a call at, 877-320-4061. I will be happy to discuss your particular needs and potential exposures. I can also be reached via e-mail at, insurance@professional-liability.com.
	I look forward to speaking with you soon.

Bruce R. Swicker