Every year, more than 20 percent of corporate fleet vehicles are involved in accidents. Negligent driver behaviour is the main reason for 80 percent of these road accidents. Improving driver behavior through effective driver training programs can help Fortune 500 organizations reduce their accident costs and improve the fuel efficiency of their corporate fleet. This article will highlight the approach towards improved driver behavior. Introduction Rising Accident Costs for Corporate Car Fleet
- Statistics from several accident management companies indicate, on an average 21 percent of all fleet vehicles happen to meet with an accident each year. Since 2011, there has been an upward pressure on the accident costs. This is evident from 6 percent Y-o-Y growth in the related accident repair costs. The major factors contributing to the soaring accident costs are: the rising labor and replacement part cost, the increased use of electric and hybrid vehicles and the increased deployment of in-vehicle technology (like telematics devices, GPS etc.).
- According to a combined survey conducted by NETS, NHTSA and OSHA, the road accidents costs organizations (employers) nearly USD 60 billion annually.
- For large companies, the cost per accident averages around USD 16,500.
Author: Harshita Thukral