Fleet decision-makers will routinely receive risk management reports and health & safety updates from the firm under the service, but only pay a fee when a driver is involved in an incident.
For this to work best, the firm recommends companies should charge employees a 'modest excess' each time they damage their vehicle to cover the cost of accident management services.
FAM partner Richard Ford said: 'Companies wanting to do something about the costs associated with vehicle incidents need to start in the right place – by giving employees an incentive to adopt a more caring approach when in charge of company vehicles.' FAM is also working with IAM Fleet to provide driver training to fleet customers to tackle their accident problems.
Michael Finn, managing director of M & T Properties, who has a fleet of both cars and vans, said: 'My own past experience of accident management proved to be very costly as we were not recording many incidents but were still paying a fee per vehicle every month.
'The beauty of FAM is that you pay a nominal fee only when an incident has occurred and you still receive regular updates.
'This has substantially reduced my annual expenditure which has allowed me to invest in other areas of my business.'