PROPANE COMPLAINCE & TRAINING

Having a compliance inspection before a government regulatory audit is a proactive and strategic move that offers several key benefits:

Identification of Issues: A compliance inspection conducted by experts like us helps identify any potential compliance issues within your propane business before the government audit. This means we can catch and address problems early, reducing the risk of penalties or fines during the audit.

Preparedness: By knowing where your compliance strengths and weaknesses lie, you can be better prepared for the regulatory audit. This can result in a smoother and less stressful audit process.

Risk Mitigation: Addressing compliance issues in advance reduces the risk of regulatory violations, which can have serious consequences for your business, including fines, legal issues, and even business closures in extreme cases.

Cost Savings: Proactively addressing compliance issues uncovered during the inspection can often be more cost-effective than dealing with fines and penalties imposed during a regulatory audit.

Reputation Management: Demonstrating your commitment to compliance by voluntarily undergoing an inspection can enhance your reputation with regulatory authorities and the public. It shows responsibility and a willingness to cooperate.

Operational Efficiency: Improving compliance often leads to operational efficiencies and cost savings in the long run, benefiting your business beyond just regulatory compliance.

In essence, having a compliance inspection beforehand helps you take control of your compliance status, reduce risks, save costs, and demonstrate your commitment to operating a safe and responsible propane business, ultimately leading to a smoother regulatory audit process.

LPGas Magazine September 18th, 2023, article discusses how Safety and Compliance directly impacts insurance premiums.

“”The retail propane business has a low claim frequency,” he says. “But any claim is typically at the level called high severity, which means it’s large. That puts pressure on the company to operate with best practices, recorded with good documentation.”

As for the transport side, notes White, there is special pressure to maintain their status with the DOT and their basic scores with the FMCSA. “Anything negative will be used against them.”

Maintaining a great safety program is one thing. Getting the word out about those efforts is another.””