Contractors and construction businesses must stay vigilant to ensure every project complies with new rules and standards. The risks of non-compliance are steep: from costly fines and delays to insurance claim denials and legal disputes.
That’s why proactive risk management and a clear compliance checklist are essential tools for every construction business leader.
Key Areas to Address
Stay Up to Date on Evolving Building Codes
Federal, state, and local authorities frequently update building codes to address safety, environmental, and energy standards. Make sure your team is aware of the latest changes in your operating areas. Pay special attention to fire safety, seismic codes, accessibility, and green construction requirements.
Review (OSHA) and Workplace Safety Standards
Worker safety is a top enforcement priority for the Occupational Safety and Health Administration (OSHA). That is why it is vital to review jobsite safety protocols, provide ongoing training, and keep accurate records of all safety meetings and incident reports.
Check Licensing and Credential Requirements
Verify that all licenses, permits, and professional credentials are valid and current for every jurisdiction where your projects are active. Lapsed or incorrect licensing can not only stop a project, but it can also put your insurance coverage at risk.
Understand Environmental Regulations
Environmental compliance is getting more complex. Be sure you understand new stormwater management rules, hazardous-material handling, and any local “green” or sustainability mandates. Failing to comply can lead to severe penalties and remediation costs.
Manage Subcontractor and Vendor Compliance
Your risk doesn’t stop with your own team. Develop a comprehensive process to vet, document, and monitor subcontractor compliance with all legal, safety, and insurance requirements. Regular contract reviews and compliance checks help avoid unexpected exposures.
Document Everything
Keep clear records of compliance efforts, including permits, inspections, certifications, and correspondence with regulators. Thorough documentation supports you in case of audits, insurance claims, or legal disputes.
Review Insurance Coverage Regularly
Changes in regulations may affect your coverage needs or exclusions. Review your policies with your insurance advisor at least once a year or when a significant project begins to ensure you’re not left exposed by evolving laws.
Build Safely, Stay Compliant with CBIZ
Keeping up with construction regulations can be overwhelming. That is where CBIZ comes in. Our advisors track the latest legal and safety requirements so you can focus on what matters most, building projects safely, efficiently, and on schedule.
Reach out to CBIZ today for a compliance review and risk management consultation.
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