Fleet insurance can be one of the most expensive costs for companies. Effective fleet management can help to drive the costs of insurance down like reduction in accidents and training programmes.
Because of the nature of some businesses, it requires their employees to be out on the road hundreds of miles each day and likely to be involved in accidents from time to time.
A recent study from the Fleet Support Group showed that a large proportion of companies exceed 30% of their drivers are involved in an accident every year. Ultimately the number of accidents fleets are involved in can result in hundreds of thousands in pounds of lose.
Insurance is a necessity, but premiums for companies that drive many miles is likely to be higher as the risk of accidents increases.
Fleets can reduce the insurance excess costs by effective accident management and efficient training for drivers, managing third party costs and driver duty of care.
For more information on accident management, come to the Fleet News accident management section.