Fleet News

Action urged to stem £5billion accident toll

ROAD accidents involving company-owned vehicles could be costing UK business a staggering £5billion a year. The bleak picture has been highlighted in surveys by Cambridgeshire County Council and the Corporation of London, with the astronomical costs being blamed on business ignorance of the benefits of effective risk management. Now the Government is being urged to back further research to find the exact cost to business of road accidents.

The Corporation of London survey put the cost of accidents to businesses in the 'Square Mile' at £100million a year and the Cambridgeshire research put the cost of accidents involving locally-owned business vehicles at £40million. Taking these two figures, the average cost of accidents to businesses in each of the UK's 94 counties could be £50-£60million. This would put the total cost to business of road crashes between £4.7billion and £5.6billion.

The call for greater Government support was made at a seminar organised by Cambridgeshire County Council and the Institute of Directors has also endorsed the increasing pressure for greater corporate responsibility. A spokesman said: 'In line with seeking to run an efficient business and keeping costs down, it makes good sense to apply the best practise ideals across all areas of a company, including ensuring employees' safety.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee