Search
 

How to mitigate risk in the supply chain

Having a viable contractor verification system makes all the difference in keeping your company out of the line of fire if something goes wrong.

By Jared Smith | Updated on May 12, 2016

In today’s litigious society, taking preventative measures to ensure a workforce is safe, compliant with regulations and simply using good common sense is essential to efficient supply chain management.  

For example, imagine a scenario where a contractor is hired by a gas company to remove natural gas lines. The contactor, who is well-known and trusted by the gas company, hires a two-person sub-contracting company to assist with the project. However, one of the sub-contractors accidentally forgets to check three gas lines prior to cutting them. This easy oversight results in catastrophe. Two contractor employees are now suffering from severe burns and in need of immediate medical attention.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.