Insurance costs up as fleets neglect risk assessment
09 December 2013
Businesses are shelling out more than they need to for insurance premiums by failing to assess and cut their risk levels.
A survey by TomTom Business Solutions claims that two-fifths of companies have seen their business car insurance premiums rise over the past year, which is linked to the fact that 71% do not provide regular driver training and only 36% monitor driver performance with the intention of cutting risk.
The research, which quizzed fleet operators from medium and large companies running car and van fleets, showed that 81% of those questioned did include work-related road safety in their company's health and safety policy, but only 57% conducted regular risk assessments across their fleets.
A total of 39% admitted to having no procedures in place to manage driver fatigue, and 24% said they were not aware of exactly what they were required to do to manage road risk.
The firm's UK director, Giles Margerison, said: "Too often, cars are viewed as an employee benefit rather than a place of work, so more can be done by businesses to improve safety, reduce collision rates and drive down the cost of insurance premiums.
"Initiatives such as regular staff communications, safety discussions, driver training and schemes for measuring and improving driver performance are powerful mechanisms for the reduction of road risk.
"Duty of care can often be viewed as a complex issue, but that does not need to be the case, especially given the variety of tools available to identify and manage risk factors."