Published January 15, 2019 • 2 minute read
It’s important to ensure any special licenses are up-to-date and valid, particularly within industries such as healthcare, construction, logistics, and transportation, as well as the environmental/energy sector.
Alternate Business Names
Operations under different business names might indicate they’ve been in trouble either financially, or legally, in the past.
Are they insured? If not, the burden of risk may fall upon you in the case of an accident or lawsuit.
Are all employees legal residents? Insurance coverage may be void for undocumented workers.
This is the simplest information to come by, and could be an excellent indicator of dependability, temperament, and trustworthiness. Just be sure to be mindful of potential biases, and follow up with the vendor in question regarding specific instances before assuming a review’s validity.
Better Business Bureau Check
BBB offers reports on:
- Customer Complaints
- Government Actions
- Out of Business Status
- Misuse of Better Business Bureau Name/Logo
- Bankruptcy Filings
- Outstanding Lawsuits
It’s wise to look deeper into any lawsuits involving third-party vendors. Be sure to consider who is at fault, though. Writing a vendor off solely because of litigation could mean losing out on a great partnership if they are not at fault in the first place.
To learn more about business background checks with BCS, schedule a demo today.