How you can protect your construction business from common threats.
As far as risky industries go, construction is near the top of the list. If you operate a construction company, then you should be wary of risks as they could affect your reputation and your livelihood. This is why it’s so important to protect your construction business from common threats. Here are some of the precautions that you should take.
- Workplace Injuries
Worker and third-party injuries are the most common risk for construction companies. This is because the very nature of construction work involves elements of danger. However, you can still take steps to keep your staff and any site visitors safe. For instance, your workers should receive comprehensive health and safety training that teaches them how to identify risks, mitigate these threats, and prevent these issues in the future. Additionally, their training should include procedures and protocols for completing work duties as safely as possible. Supervisors should also inspect the worksite routinely to identify potential risks or employees who are taking unnecessary risks. Finally, as an added layer of protection, construction companies should carry both workers’ compensation and general liability insurance, so they have financial protection in the event that a worker or third-party is injured on-site.
- Faulty Work
Everyone makes mistakes. However, when a construction company has issues with their quality of work, then this can lead to very serious issues. For instance, even a small mistake can lead to buildings being structurally unsound, failing to adhere to building codes, or having other defects. This is why construction businesses need to have several layers of oversight before building plans are approved or changed. Additionally, supervisors should carefully review project progress to ensure that the work is up to acceptable standards. Construction companies can also protect themselves by securing surety bonds and professional liability (also known as errors and omissions) insurance to cover the cost of dealing with mistakes.
These are some of the precautions that you should take to protect your construction business from common threats. Want to work with an experienced construction company who has the training and expertise to ensure that your project goes off without a hitch? Then contact the experts at Proforma Construction. Serving Pleasanton and the surrounding California area, our highly-trained team is ready to make your commercial construction dreams a reality.