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Accidents cost fleets £25m in 2014

Date: 13 November 2015   |   Author: Daniel Puddicombe

Road accidents cost businesses more than £25m last year, new research from Lex Autolease, the UK's largest leasing company, has revealed.

The bill for insurance excess payments following collisions involving its accident management fleet of 173,600 vehicles came in slightly lower than 2013's figure of £26m, however.

Lex also found that the number of accidents fell from 44,448 in 2013 to 42,097 last year, with company car drivers being at fault for just over a third of those incidents (34%) - 15% lower than in 2013.

Nearly 7000 - 17% of the total, up from 10% in 2013 - involved vehicles hitting an immobile object, such as a fence. These incidents cost businesses £5.4m.

There was also an increase in the number of collisions between company car drivers and third parties where the third party was to blame for 52% of the incidents. This has increased from 47% in 2013.

"There is much for businesses and drivers to take heart from in these latest figures. It is reassuring to see that the number of accidents overall has dropped, especially when the accident management fleet as a whole has grown," said Richard Harper, head of accident services at Lex Autolease.

"The decrease in accidents where company car drivers are at fault, too, shows that businesses are making significant progress when it comes to educating employees about road safety," he added.