Why is Risk Management important?
Setting up and enforcing a proper Risk Management practice within your Fleet is one of the most important things you can do to lower your costs and improve driver safety.
The key to effective risk management with drivers is to consistently communicate and educate them using the behavioural data that we show within the Risk Management section of the Portal. Embedding driver safety into your company culture shows new drivers your approach and values. This enables you to take control of your road risk management and steer it in the right direction..
We recommend that you review your risk data on a daily basis and communicate with your drivers regularly about their performance. For example, you could have weekly calls with your worst performing drivers, highlighting to them where they need to improve based on the data in the Portal. You can do the same to reward high performing drivers.
What are the benefits for you?
Setting up and enforcing a proper Risk Management practice within your Fleet is one of the most important things you can do. Here are the main benefits:
Fleet Safety:
- Reduce accidents by up to 30%
- Less chance of a fatality in an accident
Cost Savings:
- Reduce accidents by up to 30%
- Less chance of a fatality in an accidents
- Drives down Insurance premiums by up to 20% within the first year
- Fewer workforce days lost to injuries
Operational Efficiency:
- 20% increase in fuel efficiency
- Fewer tyre changes
- Reduced downtime of vehicles as a result of an incident
- Eco-Friendly drives - reduces Co2 Emissions
Legal Shield:
- Studies show that companies with robust safety programs experience 52% fewer work-related injuries.
- Reduces the likelihood of any legal cases for corporate manslaughter
- Fewer speeding prosecutions from the police
- Fewer Drivecare complaints
Insurance Wins:
- Maximise rebate from our BBI scheme
- Negotiate better premiums on renewal
- Reviewing your policy mid-term to provide a better rate based on your risk practises/behavioural data
Want to join the Risk Academy?
Zego has in house Risk Management experts who can help you set up a comprehensive Risk Management program, craft a safety action plan and potentially reduce insurance costs significantly – a crucial step for your fleet. To schedule a free call with a Zego Road Risk Manager, please send an email to riskmanagement@zego.com.
You can learn more about the Zego Risk Management Academy, or get a free quote for your fleet. It only takes a minute, and we’ll walk you through the enrolment process.
Need help? Contact support.fleet@zego.com. We're happy to help. 🙂