Better Risk Data, Better Decisions, Better Risk Profile

Once upon a time a fleet never knew why its claims record was poor.  Indeed, some fleets just put it down to bad luck or simply the inevitable downside to being a successful company.

Then, one day, somebody in HR said, ‘shouldn’t we look a bit closer at why these accidents occur and shouldn’t we check out how legal and competent our drivers actually are?’

Somebody else in Health and Safety then went on to say, ‘wouldn’t it be great if we could monitor more closely what these drivers are really doing out there on the road?  Then we might be able to help them to avoid putting themselves at risk’.

The fleet manager then said, ‘so who exactly is going to analyse all the information we’re about to gather on all these things and then decide what to do about it?’

‘Well’, said the guys from HR and Health and Safety, ‘You are’.

This analogy is not far from the truth and of course, the entry point to any fleet is still via the fleet manager role even though HR and Health and Safety departments have an input.

 If we skip forward in time to the current day, the fleet manager is confronted by accident data from one supplier, licence check data from another, telematics data from another and a whole myriad of internal influences on how his fleet should be run.

Risk data arrives in different formats, at different times from different sources, which means the first job of consolidating it represents an ongoing technological challenge. The second job of analysing what the data tells the fleet represents a further time-consuming job for the fleet manager.

The third task of deciding what to do with the data requires judgement about the severity of the non-compliant data.  It also requires the setting of thresholds of acceptable risk and the knowledge of the available tools to remedy the risks that have exceeded those thresholds.

The fourth task is to put the remedies in place, which may need authority to invest from the Board.  It also needs somebody to co-ordinate the delivery of the remedy with the driver.

The fifth task is to measure the effectiveness of the chosen remedies to see whether the overall risk profile of the fleet has been improved.  This is not just a case of looking at the claims experience. It requires work with drivers to assess whether driving safety culture has changed within the fleet.

At the end of the day, with all the other responsibilities being carried by the fleet manager, it’s a fair bet to say these five tasks will, at best, be sporadic, which means something will be missed and that something may represent a major influencer of overall risk.  So, for this reason, fleets usually need external help from a risk management provider who specialises in consolidation and analysis of data.

RVM assists in this space and can be contacted on the number below if you’d like details of how we help our clients with these five risk-based tasks.

0113 224 8800

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WHAT LINKS ACCIDENTS WITH RISK MANAGEMENT?

It is mostly the case that fleets buy risk management as a separate service to accident management.  In fact most fleets still use the insurer helpline for managing claims.  This way of doing things is due partly to tradition and partly because very few risk management providers are set up to provide an integrated claims service into what they do

In reality, accidents have everything to do with risk management.  They often demonstrate a lack of a safety culture, they offer clues as to how to reduce risk and they also demonstrate whether any risk initiatives are working or not.  However, despite this, claim statistics are normally only considered once a year around the renewal date of the fleet policy.  

If claims are only viewed once a year then fleets are likely to miss improvement opportunities by linking them, as they occur, with other gathered risk management data in order to arrive at an accurate overall risk profile of each driver.  So let us look at some of these potential links between risk management and the occurrence of motor fleet accidents:

LEGAL SAFETY LINK - The government provides some of the rules for legal compliance that are designed to reduce accident frequency such as the need to have safety policies in place and under what circumstances fleets and individuals can be legally liable for non-compliance.  Best practice dictates that fleets need to comply and this means looking proactively at how best to avoid accidents in the future.

DATA LINK - Accident data accumulates on an ongoing basis so the same constant approach should be applied for any risk management initiatives.  Regular reviews of management information should reveal how claims are influencing risk and perhaps more importantly, how and whether risk initiatives are reducing claims.  This data link is essential if the aim of the fleet is to reduce insurance and claim cost.

 

TELEMATICS LINK - Telematics systems that constantly monitor driving behaviour can often ‘predict’ which drivers are most likely to have an accident and some will issue an alert for impacts that exceed a pre-agreed G-force that may indicate an accident has occurred.  Additionally, the technology can often confirm the liability position in a claim by providing visual evidence.

 

INSURANCE LINK - The calculation of the fleet insurance premium is arrived at from looking at many angles including historic claims performance and current/future risk management initiatives chosen by the policy-holding fleet.  So from an insurance point of view the two services are intrinsically linked.

CAUSATION LINK - Another key link is the opportunity to gather more information about causation factors through the claims notification process.  Learning more about why an accident occurred allows a much more prescriptive approach to designing course material for driver training, which in turn would make such training far more effective.

 

CONSTRAINTS ON LINKS

Having established there are several links between claims and risk management, let us now examine what would be needed to make those links function: 

 

TECHNICAL SKILLS - First of all, claims always occur historically but risk has a constant eye on the future.  This means somebody needs to look at what has happened in order to plan what should happen from that point.  This link has technical implications for systems, skills and experience.

OPERATIONAL SKILLS - Secondly, unless considerable training is put in place, the intricacies of dealing with a complex claim requires very different skills to those required to interpret a telematics data stream or indeed to decide on what would be the appropriate remedial action for a driver with varying risk results from claims, telematics and licence check data.

SYSTEMS - The software requirements to manage claims are different to those required to deliver a multi-dimensional risk management solution.  The system would not only have to relate dynamic data to both the driver and the vehicle but also need to have embedded coding designed to identify high risk data from different angles.

All these practicalities might explain why it is rare to find a fleet risk management provider who can truly integrate their services with the requirements of a full accident management service, although there are some in the UK.  The advantages of linking accident management with a risk reduction program as a truly consolidated and single solution are considerable for all the reasons listed here.


At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate. The result is lower accident rates, improved driver safety, and reduced costs. Contact us on 01132248800 to find out more.

 

Who decides when and why a fleet driver becomes ‘high risk’?”

Many fleet managers have a gut feeling about who their worst drivers are but in truth, the reasoning behind that feeling can often be subjective and anecdotal, sometimes it is arrived at through personal experience but rarely is it based on incontrovertible empirical risk management evidence? 

The reason is because it is actually quite difficult to ensure that the correct drivers are selected for the correct reasons and that the correct remedial action is applied because in all organisations there are forces in play that can often prevent accuracy and fair play. 

So, the questions to ask in order to get this right should include: 

• Who’s doing the measuring of driver risk or is it system driven?
• What set of measures are being used?
• Are the measures of risk consistently applied?
• Who judges the severity of the discovered risk?
• How often is the measuring of risk carried out?
• How accurate are the results?
• What external influences are applied to the results?
• Who decides (and how quickly) what to do about the results?
• Who measures the success of any remedial action taken?

In addition to these questions, a fleet must rely on the broadest set of measures before investing in driver training because multi-source inputs to decision-making will demonstrate patterns, confirm or deny any subjective thoughts and remove any objections from the driver.

Please contact us now if you’d like to know more about how best to identify and reduce high risk driving.

At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate. The result is lower accident rates, improved driver safety, and reduced costs

What's the point of Telematics if you don't use it?

The majority of fleets now use one of the seemingly numerous telematics solutions available in the UK.  These systems use a combination of technologies to monitor other road users, location, speed, driving behaviour, fuel usage, idling time and several other important aspects of driver and vehicle performance. 

Apart from the most obvious advantages these systems offer such as tracking and speeding, there are a number of lesser-known applications for the technology that would create even more savings and safety if the available data stream from ‘black-box technology’ were only managed properly. 

Notwithstanding these other benefits, it is incredible how many fleets we encounter who go to the effort of identifying a need for telematics, trawling the market for a suitable system, obtaining Board approval for the investment, implementing the fitting of units over many weeks and then, unbelievably, failing to act on alerts issued by the system and never even looking at the provided online Portal. 

This raises a number of important questions:

• Are some telematics systems being bought simply to tick a few legal compliance boxes
• Do fleets fail to allocate the job of managing the telematics data feed to somebody knowledgeable and with time available
• Does the allocated person with responsibility for managing the data have no authority to act upon it?
• Has the accumulated data proved to be difficult to access or indeed to be unreliable?

As telematics providers don’t offer the management service, it seems the main responsibility for interpreting and acting upon data produced by black-box technologies lies with the end-user fleets unless the fleet chooses to outsource that responsibility to a fleet risk management company that includes such a service within its range of products. 

The job of work to manage the data stream can vary hugely according to the quality of the output offered by the various telematics systems and therefore a fleet should consider this aspect of the system they choose.  In fact it may pay dividends to involve the risk management provider in the process of procuring the best system. 

So what’s at stake here? In a nutshell, those fleets that fail to use their telematics data stream properly may lose the opportunity to reduce claim frequency, may fail to evidence liability positions in loss recovery and third party claim situations, may lose the chance to reduce expensive insurance premiums, may threaten brand reputation and may also miss the chance to improve the safety and productivity of their drivers. 

RVM Assist is based in Leeds, West Yorkshire and has been successfully analysing telematics data stream for its fleet clients for the last 5 years.  It is one of the UK’s longest standing full service providers of consolidated fleet risk and accident management services. For more information, visit www.rvmassist.co.uk or call us on 01132248800.

At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate. The result is lower accident rates, improved driver safety, and reduced costs

Other than legal compliance, what else should outsourced fleet risk management do for you?”

This question goes to the heart of what fleet risk management is really about. 

In addition to satisfying your duty of care, many fleets buy fleet risk management to reduce insurance costs, others feel strongly about protecting the company brand and still others simply wish to increase safety for drivers and the public at large. 

So let us look at how these extra motivations behind fleet risk programs actually benefits end-user fleets:

• Supply chain simplicity - any well-constructed outsourced fleet risk management program should smooth out the supply chain by offering only one solution that assesses and resolves all possible areas of driving-risk  for a fleet.   

• Ease of operation – a single supply arrangement means the fleet only has one contact, one set of reports, one cost, one review meeting and one contract to deal with and that saves time and money  

• Time-savings internally - this consolidated risk solution saves time and money for fleets by avoiding manual processing and maintaining spreadsheets.  For example, manual check licences and manual consolidation of different risk metrics.  

• Internal expertise - Fleets can also avoid the need for specialist software and suppliers as well as the need to employ internal risk expertise.  In-house risk management may be self-defeating if the wrong conclusions are drawn from the data.

• A view of the future – An insurance premium is determined by historic information so to control the future, Fleets need to be able to predict which drivers are the most likely to have accidents and why.  Armed with that data, action can then be taken to offset much of that risk.
   
  If you are interested in an outsourced solution that provides all of the above benefits, call us now on 01132248800 or e-mail us at info@rvmassist.co.uk
   
  At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate. The result is lower accident rates, improved driver safety, and reduced costs

“Driver Licence Checks – just a compliance issue or actually much more than that?”

Clearly, it is important to make sure that your main fleet and grey fleet drivers are legally allowed to drive.  That much is obvious and demonstrated by the fact that most fleets now have a formal checking procedure in place.   

However, a licence check result can do much more than perform a simple compliance test.  Indeed, the results can be more meaningful when set alongside the results of other types of driver metrics such as a claims history, online driver assessments or indeed the most recent telematics data feed. 

Consider for a moment that a licence check can represent confirmation or denial of discovered driving habits, it can reinforce decisions about types of remedial action as well as prompt training needs such as speed awareness, mobile phone policy or familiarity with UK road signs. 

Ultimately, a licence check result may also uncover high risk endorsements that link with driver attitude and which may prompt the creation of a specific in-vehicle training course that contains material designed to address that particular type of risk. 

If a fleet uses licence check results in isolation then important improvement opportunities may be missed.  That means any remedial action taken (in good faith) may contain the wrong messages given to the wrong drivers, which will have no impact on reducing insurance costs or claim frequency.

Therefore if you would like more information on how to enhance your Licence Checking data, call us now on 01132248800 or e-mail us at info@rvmassist.co.uk

At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate. The result is lower accident rates, improved driver safety, and reduced costs


 

Why is average repair cost so important?

Typically, 20% of Fleet drivers will be involved in a road traffic accident every year.  The knock-on effect of these incidents involves a lot of time and money for drivers, fleet managers, insurers and other people linked to the event.

Usually the largest element of cost is the damage repair itself and this is the first reason why Average Repair Cost should be an important focus for the policyholder.

Incredibly, for normal fleet cars and vans, the Average Repair Cost can be as high as £1,500 or as low as £800 according to a number of interesting factors:

1. Who is responsible for estimating the damage?
2. Who checks how the estimate was prepared?
3. Who is ultimately responsible for paying the bill?
4. How is Average Repair Cost calculated?
5. What repair method is being used?
6. What quality of repair is required?
7. Whose repair network is involved?
8. What terms are in place with the repairers?
9. Does the final invoice match the estimated cost?

Insurers calculate fleet premiums based on what they have to pay out plus what it costs them to manage the claims so Average Repair Cost is intrinsically linked to fleet insurance costs.

So, if your average repair cost is towards the top of the scale, you may wish to ask yourself why that is the case and what can be done to lower it.  The answers may be surprising to you.

If you don’t know your average repair cost and realise that you should know, why not bring in RVM Assist for a free analysis of your last 12 months claims on a confidential basis?

You can find us at www.rvmassist.co.uk or call us on 0113 224 8800 and ask for Angela or Diana.

At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate. The result is lower accident rates, improved driver safety, and reduced costs

The accident season is here with three months of high risk

According to statistics we’ve gathered (over nearly 20 years of managing fleet accidents), your fleet drivers have a 20% increased chance of having an accident in the next 3 months compared to the rest of the year.

This begs the following three important questions:

1. Which drivers are most likely to have a problem?
2. Why do we know (for a fact) that those are the drivers most at risk?
3. What can we do to minimise the likelihood of an incident occurring?

Our research also indicates that:

• less than 20% of fleets use claims statistics when planning a driver training program
• less than 50% of fleets that have Telematics actually use the data to help reduce accidents
• less than 10% of fleets know whether drivers who had training went on the be involved in an accident

The truth is that implementing fleet risk tools is easy

but using risk data to reduce accident frequency is not.

If, like most fleets, you want to see results in terms of reduced accident costs (both insured and uninsured) and better safety for drivers, then the management of your fleet risk program needs time, systems and experience.

Talking the safety talk is easy if you know your onions whereas walking the safety walk is rather more difficult and many fleets are only just realising there are actually 2 stages to success in this area.

If you’d like the full story……and a happy ending then call RVM Assist on 0113 224 8800 or go to our website for more information, www.rvmassist.co.uk




At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate.  The result is lower accident rates, improved driver safety, and reduced costs

 

How to avoid a disjointed Fleet Risk program?

You may also ask; Why is a joined up risk program so important? 

In the same breath you may even ask; What business risks am I running if my risk program is in fact, disjointed?

So, the simple answer is to say that a joined-up risk program gives you the best chance to protect your drivers, your brand and the public.  Additionally, your business will operate more effectively and fleet-associated costs (such a fuel and fleet insurance premiums) will be reduced. 

However, if you have risk data stored in separate clusters, in different departments, in different formats, then poor decision-making can follow, which will undoubtedly scupper any chance of capitalising on these important benefits. 

Whilst poor decision-making can be caused by a lack of risk management expertise, bad timing and inaccuracies, many bad decisions (about who constitutes the risk, why and what to do about it) very often stem from a lack of joined-up thinking between different departments such as HR, Transport and Health and Safety.

For example, in practical terms, it would be unwise to invest in driver training based purely on licence check results.  Training may be a Health & Safety issue whereas HR tends to look after licence checking.

Similarly, if you don’t use Telematics you may wish to do Online Driver Assessments before choosing individual drivers for remedial action. These two functions may also be governed by two separate departments.

In a similar vein, why don’t more fleets look at claim causation factors more closely before spending hundreds of pounds on training drivers and how many fleets actually ask drivers about why they think the incident occurred before spending money on training?  Same issue again.

Generally speaking and from our research, it seems that the Fleet department still points the way when it comes to how much and what kind of risk initiatives a fleet should invest in. 

However, both HR and Health & Safety have a major input and influence as driver performance is being monitored.  In truth, whichever department takes the lead role has the job of avoiding this costly and disjointed approach.

Of course, as a combined claims and risk reduction specialist, RVM Assist can supply and manage all risk-related functions whilst being accountable to all departments so avoiding the chance of waste time, effort or funds that could occur through a disjointed approach to fleet risk management.

Why not take a closer look at what we’re up to?

Call Diana or Angela on 0113 224 8800 or email enquiries@rvmassist.co.uk

At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate.  The result is lower accident rates, improved driver safety, and reduced costs

The love of reducing fleet risk - is in the eye of the beholder

As in life generally, the level of attraction you feel towards a good looking fleet risk profile may depend on your mood, whether you’re a newcomer to the art of risk reduction and how much pain you think will be involved in keeping that profile looking at its best!   

Of course, we’ve all dabbled with risk, maybe had some success and yet, somehow, it’s never really worked out as perfectly as we were originally promised!  In fact, what looks so very fabulous from the outside so often disappoints once the business partnership matures. (……we’re still talking about fleet risk by the way!) 

So success is measured by whether the fleet perceives it is getting what it wants, but if that doesn’t happen, is it the supplier or the fleet who is responsible?  Is the shortfall in expectations due to a failure in inter-departmental co-operation caused by the broad nature of the activities that a fleet risk program should encompass? 

Is it because there’s so much accumulated driver risk data that neither internal departments nor external suppliers can offer the vigilance required to keep on top of the discovered unacceptable driving risks and take timely and appropriate action? 

Is it because the expectations of the fleet are mismatched with the service expectations of the risk supplier so in reality the fleet thought the supplier would do certain things, which the supplier didn’t think was within their remit? 

Or is it simply because, the chosen supplier (or suppliers) is not structured in such a way as to properly deliver all aspects of the program due to inadequate knowledge, systems or a desire to support the needs of the fleet in a proactive manner? 

In truth, managing fleet risk is still an evolving aspect of fleet management and for some suppliers (such as insurance brokers and fleet leasing companies) it is just a by-product of their core business. For other suppliers who specialise in one element of risk, the demands upon them of supplying a ‘full’ spectrum risk program is just too big. 

Fleets are definitely doing more than ‘flirting’ with risk reduction.  Many are looking for suitable long-term partners but, as also in life, it can be two-steps-forward-one-step-back process.  Relationships with risk suppliers can be characterised by broken promises, disagreements and meetings with alternative providers, which can of course result in a parting of the waves.  

By contrast to all this, RVM Assist was designed from the outset with the kinds of credentials that any self-respecting fleet would find irresistible!  We think that to be attractive you need to stand out from the crowd by displaying the kind of raw materials that could last a lifetime such as integrity, originality, experience and of course, mutual respect.   

So, as a specialist fleet risk supplier, the prospect of walking hand-in-hand with our customers whilst developing goals and aspirations, represents the start of a dream relationship that in our view holds the best chance of being long-term and mutually fulfilling! 

Why not contact us now or give us a call on 01132248800 for a date!


At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate.  The result is lower accident rates, improved driver safety, and reduced costs

“In-vehicle Telematics” – New solutions prompting new questions?

It seems there’s been a renewed and increasing interest in Telematics as technology develops and the need for greater road safety becomes mandatory for fleets.

Of course, like any technology, its invention prompts new questions for Fleets as they wrestle with the best way to use the information that is now available.

These new questions might be:

• Which department should take responsibility for this technology – Transport, Health & Safety, HR, Finance or Operations?
   
• What information, that we can now see, should we use and what does it actually tell us about our drivers?
   
• How often should we review the information being collated and how do we make sure that the data is reviewed at the intervals we agreed.
   
• At what point should we become unhappy about the level of risks being displayed and how often should we be unhappy before we take some action?
   
• What action should we take, who should take it, when should it be taken and how do we measure if the action we took actually worked?

This could be the recipe for the ‘perfect storm’ as fleets invest in expensive technology to ‘solve’ a safety issue and actually end up being potentially liable because they didn’t read or act upon the high risk data that was available to them via the Telematics system in which they’d invested.

If I had £1 for each of the fleets I’ve visited who admit to not really using the data being provided by the expensive Telematics system that had been fitted to the fleet, I’d be a wealthy man!

In truth, fleets don’t always know the answers to these new questions, which is why all Telematics systems should be provided with a management service that can answer them – but they’re not.  So, the fleet is left alone to decide what to do.

The Broker doesn’t know the answers and nor does the Insurer and that’s because the answers depend on three key factors that are pertinent only to the fleet:

• In terms of driving safety, how risk-averse does the fleet wish to be?
• Where does the fleet sit already on the risk management scale?
• What appetite (and budget) is there to tackle the adverse data that is discovered?

The difficulty arises where the fleet doesn’t even know the answer to these three questions and yet someone has already invested considerable sums into acquiring the Telematics system in the first place.

At RVM Assist we monitor any Telematics system and we answer all these questions on a daily basis on behalf of our clients.  Why not check with us (confidentially) to see if our answer sheet is the same as yours?


Call 0113 224 8800 and speak to Angela today.

At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate.  The result is lower accident rates, improved driver safety, and reduced costs.

HOW CAN A FLEET RISK MANAGEMENT PROGRAM SAVE MONEY FOR THE FLEET?

As we present to fleets, this question comes up regularly because, quite rightly, any new investment needs to be cost-justified and in the area of Fleet Risk, many decision-makers still view this kind of program as a ‘nice-to-have’ as opposed to an essential aspect of running a fleet.

 

In overview terms, RVM sees four main areas of potential savings and several smaller areas that are available (to greater or lesser degrees) as a result of choosing our “Full Circle” solution:

 

Fleet Insurance Costs – Typical Insurance Savings: 10% to 25% of Premium

 

First; we see an opportunity to reduce fleet insurance costs from many angles of view. Clearly premiums are partly determined by both claim numbers and costs incurred so by reducing frequency of claims and managing accidents more closely, both these areas can be reduced.

 

The fleet insurance broker can also play a key role in helping negotiate down the premium by explaining the aims, scope and depth of the risk program to the Insurer, who would be keen to encourage any proactive risk reduction initiative the fleet decides upon.

 

As confidence in the fleet’s ability to control risk increases over time, the fleet may choose to buy less insurance by taking cover based on Third Party Only or a bigger policy excess, which will also result in a smaller premium.

 

Accident Management Costs – Typical Claims Savings: 15% to 30% of Costs

 

Second; a repair bill that lands on a fleet manager’s desk isn’t the only cost arising from an accident. There are lots of hidden ones too, such as employee time lost and administration. In theory, including accident management within your fleet risk management program should be able to minimise some, or all, of the hidden costs associated with an accident.  By offering vehicle downtime control, pre-negotiated supplier terms, engineering assessments to agree the most cost effective method of repair, third party intervention and effective uninsured loss recovery, lots of savings can be made.

 

Savings By Outsourcing: 50% to 100% of current in-house spend

 

Third; much time and money is spent by fleets in trying to carry out certain risk functions in-house and alongside other duties.  These functions could be much more efficiently carried out by a specialist supplier delivering a tailored solution to the fleet.

 

Examples of potentially outsourced functions might include the delivery of the risk products to the drivers, the consolidation of accumulated risk data, the analysis of what represents high risks, the decision-making around what remedial action to take, the measuring of how effective the program has been.

 

Many fleets tend to have more than one supplier when it comes to managing risk.  This automatically builds in extra costs as the fleets pays more than one profit cost, holds several supplier review meetings, pays more than one invoice and negotiates several contracts.

 

By placing all aspects of the risk program through one supplier, the data is automatically consolidated, there’s only one price, one meeting, one bill, one set of management reports, one account manager and one contract. This represents a potentially large saving compared to dealing with several suppliers.

 

Savings from finding undiscovered high risks: 10% to 30% of accident costs

 

Four; currently there may be several high risk aspects to running a fleet that are going undiscovered and that therefore represent a higher risk that extra cost will be incurred compared to what would be the case if they were discovered and rectified.

 

Clearly the opportunity cost of eradicating high risk situations is difficult to measure and is driven partly by how the fleet risk is currently being assessed.  However, for a fleet that doesn’t assess fleet risk, this could be significant source of savings.

 

 

At RVM our integrated approach allows us to help fleets to implement effective safety policies, analyse trends and identify high risk drivers. Our Driver Training program is targeted, timely and appropriate.  The result is lower accident rates, improved driver safety, and reduced costs.

 

Call us at RVM Assist Ltd on 0113 224 8800 or visit our website at www.rvmassist.co.uk if you want to save money through our “Full Circle” program.