What you don't know could hurt your bottom line
Let’s begin with a question: Do you know who is behind the wheel? The reality is that for many enterprises with employees who drive as part of their job, the answer is, “I think so,” or maybe, “no.” Driver risk management has recently become a top issue for many organizations since it directly affects budgets and the bottom line. The fact that there are more than 100 million people driving for work-related activities on U.S. roads and many of them have invalid, suspended or no driver’s license at all should be cause enough for concern. But combining this with the facts that:
- most organizations’ budgets are at best flat
- P&C insurance rates are rising 14% every 2 years
- 90% of crashes are due to human error
- there are fewer qualified drivers available today
- the number of lawsuits around negligence are skyrocketing
- and it becomes clear that understanding exposure to driver risk is imperative for every organization.
So what do businesses need to know to proactively address driver risk and safety issues? How do they connect the dots between all the available driver data to better understand their level of risk? And what programs can they put in place to foster safe driving behaviors and create a culture of safety in their organizations?
The good news is that technologies are available to empower even the smallest business to better track its drivers cost effectively and in real time. Plus, there are proven strategies for improving driver safety and mitigating risk.
This whitepaper outlines three key best practices for improving driver performance to create a culture of safety within your organization. But first, let’s explore the costs associated with poor driver safety and outline the most overlooked group of at-risk drivers on the road today.