Before Choosing a Firm
BEFORE RETAINING THE SERVICES OF A FIRM, ALWAYS OBTAIN A COPY OF THE VENDOR’S LIABILITY INSURANCE CERTIFICATE OF AT LEAST $1,000,000.00.
This is to ensure that you are protected should the vendor and/or its staff disclose confidential information, act dishonestly, commit gross negligence, fraud, or any other unacceptable action that could adversely affect your business.
NOTE: The general liability policy should be endorsed to your Company’s name.
This is to ensure that you are protected should the vendor and/or its staff disclose confidential information, act dishonestly, commit gross negligence, fraud, or any other unacceptable action that could adversely affect your business.
NOTE: The general liability policy should be endorsed to your Company’s name.
REQUEST A COPY OF EACH CANDIDATE’S RESUME.
TAKE THE TIME TO REVIEW THE RESUMES AND INTERVIEW EACH CANDIDATE.
Not everyone is qualified. Not everyone meets your needs or has the skills required to get the job done in the most expedient, cost effective manner. Don’t pay someone to learn at your expense!
Not everyone is qualified. Not everyone meets your needs or has the skills required to get the job done in the most expedient, cost effective manner. Don’t pay someone to learn at your expense!
REQUEST AND OBTAIN A COPY OF BACKGROUND CHECKS FOR EACH CONSULTANT SCHEDULED TO REPORT TO YOUR OFFICE
With all the fraud, identify theft, data sharing and class action lawsuits, companies need to take extra precautions with who they allow to access their database, especially when it relates to customers and investors.
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OBTAIN A COPY OF THE FIRM’S FINANCIAL STATEMENTS. For most of our clients, this is a standard requirement for their internal auditors and the OCC. The purpose is to ensure that the firm contracted to provide services is financially stable and has the ability to maintain cash flow. |
VERIFY IF THE FIRM IS A LICENSED CORPORATION OR HAS A BUSINESS LICENSE
It is important to know how long the firm has been in business to confirm whether or not you are dealing with a legitimate, experienced vendor and not just an individual looking for a full-time job or is a new company experimenting in the industry at your expense. Always request a list of the firm’s references.