The High Price of Fleet Accidents and Implementing a Fleet Safety Program

Source: Automotive Fleet

According to The National Highway Traffic Safety Administration (NHTSA) the average, non-fatal vehicle accident costs employers an estimated $16,000, including physical damage, bodily injury, sick time, workman’s compensation, lost sales and productivity, and recruitment and training to replace permanently disabled drivers. And the Bureau of Labor Statistics (BLS) reports that motor vehicle crashes are the leading cause of fatalities in the workplace – more than fires, explosions, trips, falls, and equipment combined. Of course employee safety is top of mind, but there are other ways that unsafe driving and accidents can negatively impact your business, such as:

  • Potential fines for drivers and your business

  • Negative public perception of your business

  • Decreases in fleet operation and productivity

  • Increased costs that can negatively impact your organization

No organization needs the negative perception or revenue loss as a result of an accident – never mind the loss of an employee. Of course accidents do happen. According to data from several accident management companies, 21% of fleet vehicles are involved in some form of crash each year. However, as a fleet manager and as a company, there are a number of things you can do to minimize the potential risk of accidents for your fleet, including:

  • Conducting driver history background checks

  • Implementing a driver safety policy

  • Implementing a no cell phone policy

  • Conducting scheduled, preventive maintenance on fleet vehicles

  • Implementing driver training and education programs

  • Utilizing technology solutions, such as GPS tracking, back-up alarms, and rearview cameras

While this isn’t a comprehensive list, it is a good place start. Fleet managers and companies need to make sure their safety policies and programs are taken seriously, and reviewed and updated on a regular basis. A comprehensive safety program should include regular safety policy reviews and updates, and help managers easily identify safety issues and quickly address them. It should include creating a safety program that lets drivers know that safety is important, and identifying and training drivers who need attention.

Do you know how much accidents are costing your company? Fleet Central has a handy Accident Cost Calculator that can help you see how much fleet accidents can cost your company. Does your company have an official safety program in place? Are you considering implementing or changing your existing policy?

Capital Lease Group is a leading fleet leasing provider in Massachusetts and beyond. We are committed to structuring a lease that will be designed to fit your business rather than having your business conform to the confines of a standard lease. We will invest the time to understand each customer’s individual needs while offering a full range of leasing services and products that will complement each customer’s goals. Our experienced staff of knowledgeable experts in sales, administration, and service will help you feel comfortable so that your main focus will be on your company’s vision while we handle all of your fleet requirements.