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For individuals it is a waste of time unless you are exceptional and rare in some way for that particular job. Companies get lots of rfps for ideas and then go with their favorite vendor. Rule of thumb: Do you carry liability insurance for your company? Have a contract lawyer that you know and use? If not then you are probably not big enough for the major RFPs.

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> Do you carry liability insurance for your company? Have a contract lawyer that you know and use? If not then you are probably not big enough for the major RFPs.

I just wanted to dispute this. I highly recommend carrying liability insurance regardless of size (I'm a single person shop). It's relatively cheap. A million dollar policy will run you just a few hundred bucks. It's a huge protection and also a marketing plus since it acts as a quality indicator.

I also recommend having a contract lawyer, even for single person shops. Again, a little money up front can be a huge time and aggravation saver down the road.

Never said it was not a good idea to have the insurance even if you were a freelancer, he wanted some possible criteria to see if he should spend all that time filling out an RFP.

I have general liability but some RFP require specific policy/amount in millions.

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