Navigating OSHA Compliance in 2024: A Guide for Businesses
In the world of risk management, ensuring regulatory compliance is a crucial aspect of safeguarding your business. At Stillwell Risk Partners, one of the key areas we assist our clients with is navigating the complex landscape of regulatory compliance, particularly when it comes to OSHA (Occupational Safety and Health Administration) regulations.
As we step into the new year, it’s essential for businesses to be aware of OSHA’s record-keeping requirements and compliance deadlines. For those familiar with OSHA, you’ll know that March 2 is a pivotal date for reporting records to the agency.
A notable point to remember is that OSHA regulations are not limited to large corporations. Even businesses with as few as 10 employees can fall under OSHA jurisdiction. If your workforce exceeds 250 employees, reporting to OSHA becomes mandatory, regardless of the industry you operate in.
Electronic Reporting Requirements Expanded
Electronic reporting has become a cornerstone of OSHA record keeping requirements, particularly for the 300A form. However, 2024 brings a significant change as many employers are now obligated to report electronically for the 300 and 301 forms.
Failing to adhere to reporting timelines or neglecting reporting altogether can have serious consequences. Beyond potential fines, the bigger concern for most employers is triggering an OSHA inspection. OSHA has limited resources and therefore strategically targets non-compliant businesses to increase overall adherence to health and safety standards in higher-risk segments. By being proactive about your record keeping requirements, you are more likely to avoid OSHA inspections in the first place.
What Are the New Reporting Requirements of Your Business?
If you have more than 100 Employees, you may now be required to submit your 300 and 301 forms electronically as well.
Staying informed about OSHA changes is critical for many of our clients. At Stillwell Risk Partners, we are committed to helping our clients stay compliant – and utilizing our compliance tools to reduce costs. These tools streamline the entire process of recording injuries, submitting them electronically, and completing the first notice of loss form for workers’ compensation. This streamlined approach not only saves time but will provide you with enhanced data accessibility to proactively manage and reduce the likelihood of future injuries.
Stillwell Risk Partners is an Independent Insurance Agency that provides employers with comprehensive insurance protection that comes with a customized risk management program. Contact us today to find out how we help your business with OSHA Compliance along with a whole host of other risk management services.