We all know that the chosen level of cover and historic claims performance are the two biggest factors in calculating a fleet insurance premium. Of course, a link exists between these two variables because to keep premiums at a sensible level, a fleet will consider reducing levels of cover in the face of a poor claims experience.
In reality, many fleets now have a ‘distressed’ insurance profile and have started to look internally at what can be done. Indeed, the need to assess what risk is contained within the fleet is now established and catered for by sectors such as licence checking, online assessment and telematics.
For some fleets, assessing the risk is sadly where the initiative ends and the potential downward pressure on fleet risk remains unfulfilled. There are several reasons why fleets fail to complete the risk management cycle and of course, failing to minimise driving risk will mean continued frustration for both the fleet and the Insurer.
Here are some of the reasons:
In truth, this whole subject of driver management is relatively new compared to other more established aspects of running a vehicle fleet and is therefore still emerging. Indeed, without years of experience the correct path to success may not be obvious, although, that in itself, does not need to represent another risk.
RVM Assist Ltd is one of the longest-established providers of fleet risk reduction services to the fleet market (see www.rvmassist.co.uk) and offers one of the broadest ranges of consolidated risk solutions, through one contract, via one team, on one number. Our success is based on keeping things straightforward and consistently demonstrating success for our clients.
Please contact us and ask for details of our fixed price packages. You’d be surprised by how much value we can pack into our programs.
Paul R Rose – Director
….. an “Activate Group” company