Does Your Risk Management Plan Address COVID-19?

The coronavirus disease 2019 (COVID-19) pandemic has presented contractors with countless challenges, many of which are far beyond their control. You can’t control what your workers do outside of the jobsite. You can’t control the global supply chain. And you can’t control how a microscopic virus behaves. However, you can control how your roofing company plans for and reacts to the COVID-19 pandemic. 

Below, a roofing company business consultant discusses the benefits of having an updated risk management plan. A well-thought-out risk management plan can not only help prevent your workers from being exposed to COVID-19; it can help prevent your company from being exposed to legal and financial risks. 

Being Reactive

When it comes to risk management, companies always want to be proactive. Unfortunately, that’s not always going to be possible with the COVID-19 pandemic. You never know when a worker will begin experiencing symptoms of COVID-19 while on the jobsite. For this reason, your risk management plan should include steps to keep workers safe, such as isolating workers who are ill, promoting social distancing, and setting up temperature check stations at all entrances. Consult a roofing consultant for assistance devising a plan that coincides with rules and recommendations established by local government agencies and the Centers for Disease Control and Prevention (CDC). 

Being Proactive 

Roofers across the United States have had to scramble to protect their companies from COVID-19, but it doesn’t mean they can’t be proactive going forward. Being proactive starts with reviewing contracts for any needed changes that would benefit your company during the pandemic and after. You should also consider how your company works with suppliers and subcontractors and whether or not they will remain reliable partners on future projects —  you may not be able to control the global supply chain, but you can control how you fit into it. Finally, you can take what you’ve learned on any ongoing, delayed, or shutdown projects and apply it to your future projects. 

Invest in Risk Management Services

Once the COVID-19 pandemic has passed, the roofing companies that come out on top are going to be the ones that reacted accordingly and took steps to reduce risks on future projects. In addition to following the tips mentioned throughout this article, these companies are going to ensure that they have the appropriate insurance, engage in project forecasting, and optimize their organization. The COVID-19 pandemic has been an unpredictable disaster. But your company’s is still in your hands. For an ally who will update your risk management plan to account for the new construction landscape, consult a roofing company business consultant from Cotney Consulting Group. 

If you would like to speak with an advisor for roofer consulting, please contact us today.

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If you would like to speak with an advisor for roofing consulting, please contact us today.

Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.

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