10 risks contractors bring to your business
1. Underinsured
Contractors might carry inadequate insurance coverage, which can leave businesses exposed to liabilities in the event of accidents, damages, or lawsuits. The difference between 1 million and 10 million dollar coverage can be where the liabilities lie, the importance of suitable coverage for the work being performed cannot be overlooked.
Solution: Smartek Compliance Management + In-house Vetting
2. Regulation non-compliance
Contractors may not comply with industry or company-specific regulations, safety standards, or labour laws, leading to legal repercussions and fines for the business as well as company directors.
Solution: Smartek Compliance Management
3. Sign-in breaches
Contractors may not comply with company processes and safety standards around signing into a site or facility. An example of this includes incorrect or missing information when signing into a visitor log, data security issues especially with a physical visitor book, as well as inadequate presentation of site information.
Solution: Smartek Visitor Management System
4. Inadequate site/facility information
Contractors may not be provided with the necessary induction information to conduct work safely. A sitemap with signposted emergency exits and assembly areas is essential information for contractors not familiar with the site or facility to operate in a safe manner.
Solution: Smartek Visitor Management System (Quick inductions)
5. Limited accountability
Contractors may not be held to the same accountability standards as permanent employees, making it difficult to enforce compliance with company policies and regulations.
Solution: Smartek Compliance Management + In-house Vetting
6. Documentation gaps
Contractors might not maintain proper records of their work, leading to compliance issues during audits or inspections.
Solution: Smartek Compliance Management + In-house Vetting
7. Inadequate training
Contractors might not receive the same level of training as permanent employees, leading to non-compliance with company policies and procedures.
Solution: Smartek Permit-to-work
8. Failure to follow safety protocols
Contractors may not comply with established safety procedures, increasing the risk of workplace accidents and injuries. Contractors may not have had the required safety information presented through a digestible channel resulting in risks to the contractor as well as the business.
Solution: Smartek Visitor Management System
9. Fraudulent documentation
Contractors may provide false or misleading documentation, such as fake certifications or qualifications, which can lead to non-compliance with regulations and potential legal issues. An example of this could include a fraudulent or expired Police Check to hide a criminal past.
Solution: Smartek Compliance Management + In-house Vetting
10. Improper handling of sensitive information
Contractors might mishandle confidential information like door access codes, resulting in security breaches, theft, or contamination of sensitive areas or equipment.
Solution: Smartek Visitor Management System + KeyWatcher integration