Not a bad idea!
Companies with celebrity endorsers are now taking out insurance based on the Tiger Woods scandal to protect them from potential losses! Lawyer Brian Socolaw explains:
"Companies are saying if it could happen to Tiger Woods, it could happen to anyone. … For some companies, it's a tremendous investment, and when it goes bad, it is not only the loss of investment, it's a black eye for the company."
These companies are also placing new morals causes into effect in the celebrities' contracts that give them the right to terminate endorsement deals if the celebs get into any mayjah trouble!
Way to set the precedent, Tiger!
[Image via WENN.]