telematics, motor insurance, motor fleet, claims

How telematics can help reduce fleet costs

How Telematics Can Help Reduce Fleet Costs. Technology has come a long way since the early telematics systems of 10 years ago. Real time video of actual or potential accidents can be instantly sent to your fleet centre and insurance company and this is helping reduce cost making it easy to get the right information to the right people when and where they need it. This can sometimes reduce claims cost alone by up to 40%. On average it takes 25 days to report an insurance claim. Yes 25 days! That means there is lost time repairing, defending, reducing any potential injury costs, mitigating vehicle hire costs, solicitor costs and ultimately getting your vehicle back on the road quickly. Imagine if all this could be done instantly and at the scene of the accident? That is now possible. Whether public or private, large or small, every fleet can use help in controlling costs. That’s why more and more fleet operators are turning to telematics, as an effective solution for managing their fleets within limited budgets. When properly implemented, GPS vehicle tracking systems can generate positive results in many areas, including employee productivity, driver safety and more. But for most fleet managers, what really stands out is telematics’ ability to help lower operational expenses. The selection of the correct system alongside an insurance programme that is designed for telematics is key. We recently heard of a fleet operator that purchased some cheap cameras off eBay and made his drivers wear them on their heads using elastic bands! Needless to say this did not work! To find out more and how we can put a programme together quickly that will enable you to have long term control over ALL your costs then please contact us today. 01245 449060/

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