< 1 MIN READ
Published 03/29/2019
Whether you oversee a fleet of company vehicles or your employees drive their own cars for business, taking the right steps to manage on-the-road exposures is a must to reduce the risk of accidents and injuries and control losses.
To help combat this risk, consider if these nine practices are a part of your company’s fleet management program.
Prioritize safety
- Standardize driver qualifications and screening and continuously monitor driving records via state programs or other commercial applications.
- Instill the importance of safe driving behaviors, such as using seat belts, not driving aggressively, or driving while impaired
- Develop formal policies on distracted driving, driving schedules, use of personal vehicles, refresher training, and accident reporting protocols. Monitor for compliance, follow through on consequences for those who are non-compliant, and update policies as needed
Optimize technology
- Consider using telematics data to help identify driver behaviors—like speeding or sudden breaking—that can contribute to accidents
- Leverage onboard diagnostics to capture data on your most critical vehicle-use parameters, such as speed, fuel consumption, and mileage to optimize routes and schedule maintenance.
- Leverage onboard diagnostics to capture data on your most critical vehicle-use parameters, such as speed, fuel consumption, and mileage to optimize routes and schedule maintenance.
Analyze and act
- Benchmark accident frequency against expected rates, based on criteria like vehicle type, location, and industry, and compare it against that of peers.
- Review telematics data and conduct interviews with drivers, managers, and others to identify the root causes of poor driving—such as fatigue, distractions, or tight delivery schedules—and develop action plans to address them.
- Formalize a fleet management program that meets your company’s needs by partnering closely with an insurance provider that understands the spectrum of commercial auto risks – and has the consultative support and tools available to manage them.
When it comes to reducing your company’s commercial auto risks, engaging with a trusted insurance partner can help maximize safety and control loss-related costs. Learn more about what’s driving commercial auto cost trends.
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This website is general in nature, and is provided as a courtesy to you. Information is accurate to the best of Liberty Mutual’s knowledge, but companies and individuals should not rely on it to prevent and mitigate all risks as an explanation of coverage or benefits under an insurance policy. Consult your professional advisor regarding your particular facts and circumstance. By citing external authorities or linking to other websites, Liberty Mutual is not endorsing them.
