Legal position

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DAbusinessconsultant

DAbusinessconsultant

Free Member
Feb 6, 2008
217
25
Bristol
  • #1
    Hi,

    I am trying to become a freelance business consultant. Now obviously I am not going to provide incorrect information to damage a company, however, what type of legal protection will I need. I presume having an effective terms and conditions and disclaimer would be enough cover if a contract is signed by both parties.

    Thanks
    Dale
     
    Alpha

    Alpha

    Free Member
    Feb 16, 2004
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    West Midlands
  • #2
    DAbusinessconsultant said:
    Hi,

    I am trying to become a freelance business consultant. Now obviously I am not going to provide incorrect information to damage a company, however, what type of legal protection will I need. I presume having an effective terms and conditions and disclaimer would be enough cover if a contract is signed by both parties.

    Thanks
    Dale
    Click to expand...

    Two things you will require are

    1) A reasonable engagement letter setting out your terms and conditions and also being specific about the agreed scope of the engagement. I doubt if a disclaimer would cover you fully and

    2) A suitable Professional Indemnity insurance cover.
     
    Upvote 0
    Antonia @limeone.com

    Antonia @limeone.com

    Free Member
    Jan 28, 2006
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    Chester
  • #3
    It is not possible to exclude liabilty for negligence but it is possible to limit exposure to a figure. This normally refelcts the insurance protection obtained under PI cover or if both parties agree at the commencement of the contract a fixed sum equal or slightly higher than the cost of the project.
     
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    Alpha

    Alpha

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    Feb 16, 2004
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  • #5
    DAbusinessconsultant said:
    Thanks Alpha,

    Where can I get this cover and how much will it cost roughly? or should I just google it to save your time.:redface:
    Click to expand...

    Provided by a number of insurance companies eg loxton, Hiscox etc etc.

    As to how much it will cost is a variable you will only discover by applying....it depends on type of consultancy, turnover etc
     
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