Business Risk Management

Contractor Business Risk Checklist

A practical checklist to help residential contractors identify gaps in their business practices before problems arise. Review each category and note where your business may need attention.

Most contractor business problems don't happen because of bad luck — they happen because of gaps in documentation, unclear agreements, or missed deadlines. This checklist covers six of the most common risk areas for residential contractors. It is intended for educational purposes. For questions specific to your situation, consult an attorney.

1. Contract Wording
2. Change Order Documentation
3. Payment Dispute Preparation
4. Mechanic's Lien Deadlines
5. Subcontractor Agreements
6. Warranty Documentation

What to Do With Your Results

If you identified gaps in any of these categories, you're not alone. Most contractors are focused on getting the work done — not on paperwork and documentation. But the contractors who avoid the most costly disputes are usually the ones who have solid processes in place before problems arise.

For contractors who want access to experienced provider attorneys to review contracts, answer business questions, or provide guidance when disputes arise, LegalShield offers small business plans designed for business owners who need affordable access to attorneys without large hourly fees.

Members can consult with a provider attorney in as little as eight hours — for a flat monthly fee. No large retainers, no surprise bills.

Ready to Close the Gaps?

View available small business plans from LegalShield and get access to experienced provider attorneys for your contracting business.

This checklist is provided for educational purposes only. It does not constitute legal advice and is not a substitute for consulting a qualified attorney about your specific situation. ContractorProResource.com is not a law firm. Legal services are provided by independent provider law firms to LegalShield members.