Risk Management: 4 Strategies for Contractors

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Construction contractors

Whether you manage residential renovations specializing in sustainable building practices or large-scale, landmark commercial builds, you know that any construction project can potentially pose serious safety hazards. With materials regularly weighing several tons and tradesmen often working several stories off the ground, you simply can’t be too careful.

That’s why it’s important to be proactive about maintaining a job site that protects your employees from harm by eliminating unnecessary hazards.

By taking the right steps to mitigate risk while protecting the health and safety of your sub-contractors, you can provide a safe and secure work environment.

Even if you’ve been in the business for several years, take a few moments to brush up on some of these risk management guidelines for licensed, construction contractors.

  1. Require harnesses.

Sometimes in an effort to stay on schedule, framers and painters might try to cut corners and get the work done without putting on safety gear – a requirement when working at an elevation. If you do see that on a job, shut down the site until everyone is wearing the property safety equipment and tethered properly. Your employees may initially balk at the disruption but you’ll be sending a strong and important message to the entire crew.

  1. Don’t let your employees crowd a work area.

When you see people just standing around, you know that productivity has taken a nosedive. But, it can also pose a safety concern as well. To operate large machinery safely, the job site must be clear so the operator can focus on the job at hand.

  1. Protect your employees and your business with the right Worker’s Compensation insurance.

While Worker’s Compensation is mandatory for business owners, the quality and the extent of coverage can vary greatly. That’s why it’s important to select a policy that is tailored to meet the unique needs of your business. Quality insurance providers can develop policies to support your individual business objectives.

  1. Know the signs and symptoms of exhaustion.

One of the reasons why construction isn’t for the faint of heart is that employees are often subjected to working long hours outside – regardless of rain, sleet or snow. And, given those tough conditions, it’s easy for some to work to the point of exhaustion. Not only does this put their health at risk, but they are also more likely to make careless mistakes – including tripping over equipment and falling from ladders. Learn to spot the telltale signs of heat exhaustion and overexertion for their safety – and the safety of everyone around them.

Why Choose John Bailey Company Insurance Plans for Contractors?

John Bailey Company represents some of the most highly regarded insurance companies in the industry. Serving contractors and service providers by recommending competitive and comprehensive coverage options, we educate you about policy features and periodically re-evaluate your needs to assure adequate protection for assets and property.

Dial 865.524.0785 to request an estimate or fill out our online form and an insurance professional will contact you to discuss your policy needs.

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Author: Brandon

Farragut High Grad, Ole Miss Rebel, Certified Insurance Counselor – CIC, Specialty Insurance Lover, Past Outdoor Insurance Underwriter, Co-Founder successes – Young Professionals of Knoxville, Knoxify.com, 2011 Dogwood Arts Festival Co-Chair. Lucky husband and dad to 3 sweet girls.

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