Wireless fleet management services improve your fleet operations. This technology combines patented remote diagnostic monitoring with GPA-based Automatic Vehicle Location Systems. Risk management is just one of the many areas in which fleet management services can help your company improve its bottom line.
Did you know that about 20% of all fleet vehicles are involved in accidents each year? Each accident not only comes with the steep costs associated with personal injury and vehicle repair/replacement, but opens your company up to liability and increased insurance rates. Naturally, these are all things you would like to avoid. However, since you can’t be on the road with your drivers every second, how do you know if they are participating in undesirable driving behaviors?
One habit you as an employer would want to curtail among your drivers is speeding, which is a factor in one third of all fatal car crashes. Research suggests that a 1% increase in speed increases fatality risk in an accident by 4-12%. Great fleet management service companies can provide tools that will give you detailed reports on the speed behavior of your drivers. These companies provide real-time notification when a vehicle in your fleet exceeds a given speed. (It is possible to set different alerts for different speed thresholds.) A summary report flagging drivers who clock in at 80 miles per hour or higher can also be provided. Reports can be scheduled for automated delivery on a daily, weekly, or monthly basis by individual vehicle or vehicle group.
Industry reports indicate that when driver speed is actively monitored, the result is a 15% reduction in accidents. That is an impressive improvement for risk management!