Fleet News

Millennium bug: we won't pay for your mistakes, insurers warn

TIME is running out for fleets which are yet to ensure that all their software systems can cope with the arrival of the new millennium. Two years from now the industry could potentially be in chaos, as the so-called millennium bug throws computer systems into disarray. The only solution is for all fleets in the country to take steps to ensure they and their suppliers are ready for the change.

The opinion among the majority of motor manufacturers appears to be that the cars themselves are unlikely to be affected. However, experts warn that everything from software systems to fire alarms could be hit by the arrival of the year 2000 - and that unless companies act now the problems could be unavoidable. The Association of British Insurers and the Department of Trade and Industry have teamed up to launch a campaign to highlight the need for businesses to take action - saying that many businesses have failed to appreciate the importance of the event.

It warns that the millennium problem is likely to cost industry and commerce billions of pounds in Britain alone and says sensible companies will be aiming to do all necessary work well before December 1999. For most companies December 1997 should have been the deadline for essential work.

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