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Even politicians need good risk management

In the battle for the governorship of Massachusetts, politics entered a new phase yesterday when independent candidate and State Treasurer Tim Cahill brought a law suit against his former aides who had defected to the Republican Governors Association (RGA). Cahill’s Lt. Governor partner Paul Loscosso defected from Cahill’s campaign earlier this week and email messages seem to portray a set-up for the defection by consultants in Cahill’s camp who defected to the RGA. In fact, one of the key consultants that left Cahill had a job with the RGA the next day.

The lawsuit demonstrates the potential for large-scale litigation in politics. The consultants involved will hopefully have Professional Liability Insurance in order to defend themselves against charges that they were not carrying out their efforts on behalf of candidate Cahill on who’s payroll they were on.

Hopefully, Cahill practiced good risk management and had obtained the type of contract that would prevent his consultants from engaging in efforts on behalf of any candidate who might pose a threat to Cahill. The need for sound risk management techniques and litigation of this sort are evidence that politics is indeed big business.

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