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It is not a silver bullet. Most big companies (the ones with the big budgets) will not want to onboard a new supplier if they can avoid it. Though clients ten
by benjaminwootton 4y ago
It is not a silver bullet. Most big companies (the ones with the big budgets) will not want to onboard a new supplier if they can avoid it.
Though clients tend to overestimate it, it takes a lot of time, legals, resources etc to get a company successfully onboarded.
And (in response to the OP) in the unlikely circumstance that you do, 9 times out of 10 you will be signing their paperwork apart from minor redlines.
- ModernMech 4y agoIndeed, I contracted with a company that wanted me to get some insane professional liability insurance, which would have cost a huge chunk of what they were willing to pay me. I told them sure, but I'd have to charge more due to the increased overhead, and then they relented. Point is it could have gone the other way, where they just said thanks but no thanks. Then it did in fact take a long time to get onboarded, to the point where I didn't even have repo access for half of the contract. The experience wasn't great, and I doubt this company will do the same again.
- Scubabear68 4y agoIn the US, usually most established companies want a $1 million pro liability insurance policy, which should only cost a few hundred dollars a year (certainly we’ll under $1k). Startups..vary quite a bit.
- newaccount74 4y agoMy experience with business customers is that they often have lots of tedious requirements for vendors that disappear as soon as you tell them that they cost 2000€.