Fleet Vehicle Accidents Cost Twice as much as Workplace Injury

Posted by on Nov 20, 2015 in News | 0 comments

Fleet Vehicle Accidents Cost Twice as much as Workplace Injury

The most costly injury claims for businesses are fleet vehicle accidents with the average cost of loss is approximately $70,000 – almost twice the cost of an average workplace injury which is approximately $36,000.

You may be putting the welfare of your employees and company at risk without a formal fleet safety program. Yes, a generic safety program is better than none – however – it is far more effective to have a specifically designed program in place for your company and your fleet.

There are policies and procedures established to ensure a safe work environment for employees within a fleet safety program. It also helps protect against liability from fleet vehicle accidents.

Employers understand that here are no guarantees that an accident will not happen. The fact is, the road is one of the most dangerous places for your employees so establishing a formal and ongoing program of screening, testing, inspection and training is essential.

Here are 8 Essential Elements of a Fleet Safety Program via Travelers:

  1. Identifying all of your drivers. Businesses may not be aware of the full extent of their non-owned vehicle exposure. You should identify everyone who drives on behalf of the business, even those employees that use personal and/or rented vehicles.
  2. Management commitment. Leadership support of the program can help assure that the program is used.
  3. Screening and selecting drivers carefully. This can help create a reliable, safe team. Without safe drivers, no organization is likely to have a good long-term safety record. Establish clear hiring standards and a thorough screening process for anyone who drives on company business.
  4. Training drivers. This can help to ensure that all drivers understand vehicle safety policies and procedures. All drivers should have access to information on safe driving strategies and techniques, including instruction in defensive driving.
  5. Managing drivers on an ongoing basis. This is essential in helping to ensure that drivers are following fleet safety rules and driving safely.
  6. Managing accidents, when they occur. This can help mitigate accident costs. It also helps you to understand your exposures and can reduce the potential for future losses.
  7. Establishing written policies and procedures. This sets clear consistent expectations.
  8. Formalizing a plan for vehicle inspection, repair and maintenance. This can help reduce costly, unexpected breakdowns, and can assist in avoiding accidents due to faulty equipment.

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