The Risk Exposures of Commercial Fleets

There are a wide variety of risks to consider when operating any business but even more so when managing a commercial fleet. Whether you work as a fleet manager or you’re a commercial fleet owner, it is important to do what you can to protect your driver’s safety as well as understand that you cannot predict what may happen on the road. In addition to investing in a comprehensive insurance policy, with a few simple rules in place, you can limit commercial fleet risk exposures to protect your employees and your bottom line.

How to Minimize Commercial Fleet Risks

The key to effectively limiting commercial fleet risk exposures is to identify opportunities for improvement and implement appropriate actions. When you and your team have a clear understanding of the everyday risks that you are up against, you can easily limit your exposure to liabilities. As you look to educate and inform your drivers about the importance of effective risk management, keep these key factors in mind:

Driver Training

Safety should always be the main focus for your drivers. With proper training and performance incentives, you can work with your drivers to create a program that helps keep them accountable for their own actions, while considering the far-reaching complications of unsafe driving habits. Regular training and development are also important to help to keep drivers accountable. Encourage them to make prudent decisions on the road that will help to reduce accidents, increase their productivity and enhance their overall performance.

Tackle Distracted Driving Head-On

Did you know that the use of handheld mobile devices increases the risk of getting into an auto accident by 23 percent? Addressing distracted driving head-on is the best way to prevent this type of accident. This can be effectively managed with the help of both technology-based measures that include special equipment or apps and strict protocols regarding the use of mobile devices.

Review Your Insurance Coverage

An annual review of your insurance policy can help to ensure that you have the right level of coverage to meet your business needs. With adequate and appropriate coverage, you can give yourself and your driver’s peace of mind in knowing that you are protected in the event of an accident or an instance where damage is caused to a third party’s personal property.

About Genesee General

At Genesee General, we strive to provide quality insurance solutions for the transportation sector. Our longstanding expertise and aggressive claims management have allowed us to successfully serve your clients for over three decades. Our specialized package includes Trucker General Liability, Cargo, fleet and non-fleet, physical damage, Bobtail Liability, excess coverage, and many more. For more information about our products, we invite you to contact us today at (800) 282- 8755.