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Management Consultants need PI insurance too

In high demand, high expectation professions, factors such as stress, work load build up and anxiety are frequently overlooked in performance. Professional indemnity insurance can act as protection for this in the arena of management consultation.

Management consultants are in increasing demand from companies, and the job is one that requires much mental strain and can cause great anxiety. This job, like many others can be complex, fast paced and comes with high expectation.  With this level of potential anxiety comes a certain amount of stress which could possibly result in professional negligence in a particular sector of the job.

With a level of expectation to perform, and expectation given to these professionals, not meeting targets and promises could lead to cases made against them. This is where PI insurance comes in very conveniently as it can protect people in management against potential lawsuits developed as a result of stress.

The versatility of professional indemnity insurance is very flexible, and by purchasing insurance with great understanding, even mental strains can be covered.

By Troy Stevens

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