Most fleets have had some form of motor vehicle record (MVR) monitoring for years. Companies periodically check each employee's MVR to review the current license status and note any new traffic violations or accidents. In the past, these checks required a lot of manual effort,...
Fleet management is a critical component of managing your business. Even in the most ideal situation where proper management is in place, there will be the need to remove vehicles from the fleet while repairs and maintenance are being done. With fleet rental management, there...
According to the Network of Employers for Traffic Safety, an average non-injury accident costs businesses over $26,000. That sum can easily triple for crashes that involve injuries or fatalities. Given the risk of losses, fleet managers should have an easy time communicating the importance of...
A specialized auto third-party administrator (TPA) could change the way you operate your business. Many companies continue to see risks evolving, leading to increased costs and difficulty managing bottom lines. A TPA can help by providing a strategic, data-driven solution to ensure you get the...
Since the pandemic of 2020, the job market has been anything but steady. Large corporations have been announcing mass layoffs, and employees are resigning from their jobs in record numbers. This has a major impact on both employees and employers. Not only does this affect...
A third-party property damage claim is a claim that someone other than the policyholder makes. For example, if there is a car accident involving an insured, the driver who is not the insured is a third party who might make a claim for the property...
The concept of subrogation is simple – an insurance carrier or self-insured company can recover losses due to damages by collecting funds from the legally liable party. But actually, collecting on those losses is not so simple. It can involve layers of bureaucracy, negotiations, voicemails,...
Businesses should never underestimate the importance of fleet claims management. The right procedures and tools will reduce the risk of costly damage and the cost of time involved in handling claims that may still occur. Specific benefits of fleet claim management include improved safety, reduced...
A subrogation management team benefits insurance companies and their essential customers in multiple ways. Experienced, well-equipped subrogation specialists help insurers reduce claim costs while promptly servicing claims. To better understand the importance of subrogation management, find out how it works, what its key benefits are,...
Our 2022 Benchmark Report is now live! Better understand key performance measures for fleet and risk managers. Find detailed benchmark statistics including accident and claim data, repairs, salvage, cycle times and safety. Download the 2022 Benchmark Report to learn about recent trends and best practices in...