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Supplier Risk Case Studies - Business Credentialing Services

Supplier Risk Case Studies

 

 

Case study number one:


A laborer was injured while changing a light bulb inside of a commercial office building. The ladder he was standing on gave way, and he fell. The injured worker sued both the independent contractor who had hired him, as well as the building’s owner.

 

The owner of the office building believed he had absolved himself of tort liability by hiring an independent contractor to maintain the facility. Unfortunately for the owner, repairing a light bulb in the commercial office building while standing on a step-ladder constituted a construction-related injury under the law, and the building owner was strictly liable for the worker’s injuries.

Case study number two:


In a Washington State court decision, a corporation hired an independent trucking company to haul steel across the country. The truck driver was involved in a traffic accident, and the corporation that hired the trucker was held liable. One of the main reasons cited by the court was the corporation’s carelessness in collecting and inspecting the trucker’s paperwork. The trucker was required to possess a governmental safety certificate, though they did not. Because the hiring corporation had no record of ever collecting required safety certificates or permits from its contractors, the court disregarded the independent contractor non-liability rule, and held the hiring corporation liable for the injuries caused in the accident.

 

Business Credentialing Services, Inc. (BCS) works with corporations by minimizing the risk inherent in third-party relationships – service providers, contractors, sub-contractors, vendors, tenants, suppliers, and the individuals they employ. BCS provides state-of-the-art services to improve your suppliers´ compliance practices, ensuring total adherence to both your contractual terms of service, as well as all applicable governmental regulations unique to your industry.

Do not risk your company’s profits or reputation with exposure to costly government fines and litigation expenses; subscribe today to receive our complete report detailing the perils of NOT credentialing your suppliers.

 

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Are your suppliers insured?

Insurance Certificate review and tracking

Are your suppliers legal and licensed?

License review and tracking

Do your suppliers follow your Quality, Safety and Environmental requirements?

HSE/Quality programs, audits, certificates and reporting

Do your suppliers have any judgments, liens, bankruptcies or other negative legal factors?

Bankruptcy, liens, judgments

Are your suppliers financially solvent?

Financial screening and credit monitoring

Are your suppliers on any government watch lists?

Debarment, government watch lists

Are your suppliers certified as MWBE?

MWBE/Supplier diversity compliancy

Do you know your supplier's safety record?

Product liability & Organizational Negligence history

Do you really know your employees or tenants?

Individual worker/tenant screening & monitoring

Are you facing a major technology project for which you need expertise and resources?
Systems integration, change management, business process improvement and outsourcing services

 

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