Cutting Edge May 2020

Cutting Edge,

The Cutting Edge
News and Ideas to Keep Your Business on the Cutting Edge
May 2020
BMSA Dealers Respond -
COVID-19 Survey Results
Thanks to the BMSA Dealers who responded to our recent COVID-19 Survey. Twenty percent of BMSA Dealer members participated and responses were divided fairly evenly between the states. We appreciate all who took the time to complete it. The responses helped the BMSA staff understand the pandemic’s impact on members.
The unknown effects of the pandemic are definitely on dealers’ minds. The survey showed that BMSA dealers are more concerned with Covid-19’s future impact on business than the present impact. On a scale of 1 to 10, with 1 meaning not affected at all, the majority of respondents rated the present impact of COVID-19 on their business as 5. Yet, dealers rated their level of concern with the potential impact to COVID-19 on their business for the remainder of 2020 as 7.
Supply issues as a result of Covid-19 are real with nearly 80 percent of respondents saying they have experienced supply issues. Comments regarding supply issues ranged from “not yet, but we are anticipating issues” to “loads are taking longer to get” to “drastic effect on lumber and panel prices”.
At the time the survey was conducted, members were responding to the pandemic by making a variety of changes to their businesses. Respondents replied as follows (checking as many answers as applied):
  • 62.5% were requiring social distancing at the sales counter with visible, 6 ft. markings
  • 53.1% were providing employees information on how to practice safe social distancing but had
  • not made any changes to operation
  • 37.5% were limiting the number of customers in the business at one time
  • 37.5% were making personal protective equipment (PPE), including masks and gloves, available
  • to staff, but not mandatory
  • 37.5% had made changes to their hours of operation
  • 34.3% had installed plastic shields at registers
A number of members offered additional comments regarding changes to their operation that have
proven helpful. Some of the comments were:
  • More advertising of delivery service and curbside pickup.
  • We have closed showrooms in our locations; All sales, HR, accounting and admin staff working
  • from home.
  • Only one driver in a truck; no passengers. If driver needs help with delivery, we send a helper in
  • a pickup truck.
  • Gone the extra mile to stay in touch with our customers and the community.
In response to the question "what large regional and national builders are saying", the majority of respondents said they do not do business with these types of builders. Of the few respondents who have large regional and national builders as customers, their responses were:
  • Regional builders are doing well, but concerned about traffic to models and sales
  • Continuing with presales; holding or limiting specs depending on the neighborhood.
Because all six states in BMSA’s territory deemed building supply dealers as essential businesses and allowed construction to continue, most respondents to our COVID-19 survey said their customers with commercial and multi-family projects were proceeding with current projects -- business as usual. Dealers’ repair and remodel contractors, on the other hand, seemed to be more impacted by the coronavirus, according to survey results. Half of the survey respondents said remodel jobs had slowed
due to customers cancelling or delaying contracts and homeowners not wanting workers in their homes.
Questions 15-18 of the survey explored the impact of the coronavirus on dealer’s personnel, such as an employee testing positive and staff leave situations. Only one respondent had a member of his staff test positive for COVID-19, yet 16% said a member of their staff had taken leave due to experiencing
symptoms of COVID-19, even though there was no positive test. A staff member taking leave to care for a family who either tested positive or was presumptive positive for COVID-19 was indicated by two companies.
Congress passes several pieces of legislation to help small businesses weather the impact of COVID-19 and retain employees. The survey found that 87% of respondents had applied for a loan via the Paycheck Protection Program and 13% applied for an Economic Injury Disaster Loan.
The survey also asked if there are resources dealers needed to better care for their employees and customers due to COVID-19 that they have not been able to obtain. Most common responses to this question were hand sanitizer and face masks.  I f you are looking for a protective mask option, click here, BMSA member LJS Solutions may be able to help you.  
Thank you to all BMSA Dealers who completed this COVID-19 survey. You provided us with valuable information and greater understanding of the challenges you're facing in this pandemic. We are able to help you and advocate better on your behalf because of this information. Thank you!
Has COVID-19 got you revising or adding to your policies?
             
New policies to clarify sick time…
            Step by step procedures for disinfecting…
 
If these recent changes made you realize that you haven’t updated your policies in years, or you’ve never even created a written policy manual, BMSA can help. We’ve authored a  Safety   Policy and Procedure Manual, with the help of SafeEx®, that you can customize to meet the needs of your individual business.
 
Here are just a few of the policies included within:
  • General Safety Rules
  • Employee Safety Orientation and Annual Retraining
  • Job Hazard Training
  • Forklift Safety Program
  • Medical Emergency and Evacuation Plans
  • Fire Safety Program
  • PPE Programs
  • Workers’ Comp Program
  • Fleet Safety
 
If you have questions about the updated Safety Policy and Procedure Manual and how it might help take a big project off your plate, contact Barb at  barbs@mybmsa.org
Did you miss Dr. Ed’s economic forecast? 
Last week, BMSA invited Dr. Ed Seifried to give our members a deep dive into the new economic situation created by Covid-19. His webinar remarks were particularly insightful as to what building material suppliers can expect going forward in 2020. If you missed this one-hour webinar, you’ll be glad to know that it was recorded. You can purchase a link to the recorded webinar, but this webinar recording will only be available through May 28, you’ll need to act quickly. 
Click here to order! 
Federated Insurance Companies Announce
COVID-19 Client Relief Credit
The COVID-19 pandemic has created a multitude of challenges for all of us. Through all of these issues confronting us today, our recommended partner, Federated Insurance, has worked closely with their customers to help them find their way through these unprecedented times. Federated is a “Value-Add” company that provides not only some of the best insurance products designed for our industry, but also the safety and risk management support that our members need for their successful
businesses. Throughout the COVID-19 crisis, they have provided the latest guidelines to help our members navigate through these times. In addition, they have provided billing options to ease cash flow concerns and adjusted payroll and premium basis, where appropriate.
Federated announced their COVID-19 Client Relief Credit, providing premium reductions for their customers in our industry and others throughout the country.
  • Federated’s COVID-19 Client Relief Credit will provide a 15% credit based on Business Auto premium, Auto Dealer/Garage Coverage Part premium, and Businessowners Policy (BOP) premium from March 15 to June 15. Policies must be in force at the time relief credit is applied. These actions are subject to regulatory approval.
Policyholders will automatically see the COVID-19 Client Relief Credit applied in the upcoming months. Federated was founded on the four cornerstones of equity, integrity, teamwork, and respect, and has once again shown that they are dedicated to serving the needs of the members of this organization. This is one of the reasons that your association board continues to recommend Federated Insurance. They work hard to do what is right for their customers.
(Source: Federated Insurance Press Release, March 2020)
Employee Returning From Trip -
Precautions in Light of COVID-19?
Question:
We have crews that ride together in vehicles and perform work outside. We have explained to employees that work is optional during this time and we have encouraged employees to stay home if they feel sick or are concerned about exposure. We have an employee who is returning from a trip to Puerto Rico. She is planning on returning and the crew she is assigned to is afraid of exposure. Can we require that she doesn't come in or turn in a doctor's note before return? How can we protect other employees?
Answer:
At present the CDC's guidance indicates that only employees who are returning from travel to countries that have a Level 3 Travel Health Notice (where there is widespread, ongoing transmission) need stay home for 14 days from the time they left such area and practice social distancing.
Click here to see the full answer.
(Source: Federated Insurance HR Question of the Month, April 2020)