Continuous license monitoring is a proactive way to correct risky behaviors of drivers before an accident occurs
By Adam Danielson, Director of Sales
Employers can face astronomical costs when an employee is involved in a motor vehicle accident. 40% of all motor vehicle accidents are work related¹ and 53% of those accidents cause employees to miss work, costing employers $56.7 billion in 2017²
When a motor vehicle accident occurs in a company vehicle or on company time, the company must absorb costs that include wage replacement, medical expenses, and property damage; in some cases, these costs must be covered for all parties involved in the incident.
Research done by the Network of Employers for Traffic Safety (NETS) found:
• Average cost to employers of a crash with property damage $5,800
• Average cost to employers of a crash with a non-fatal injury $64,000
• Average cost to employers of a crash with a fatality $671,0003
Employers can also incur, less obvious, indirect costs related to accidents. These costs can cause irreparable damage to the business, including:
• Service disruption
• Lost clients
• Missed sales
• Negative company reputation
• Reduced productivity
• Claims administrative fees
• Legal fees
In addition to the direct and indirect costs employers are facing, it is estimated that vehicle out of service costs alone can average $760 per vehicle per day4.
Continuous license monitoring is a proactive way to correct risky behaviors of drivers before an accident occurs. Monitoring a driver’s MVR allows the fleet manager to receive notifications of violations and license suspensions as they occur. By getting this information sooner, the manager can take immediate corrective action with the driver, closing the accident and liability risk exposure gap.
Learn more about minimizing the risks posed by employing drivers in SuperVision’s latest white paper
THE RISK OF OVERLOOKING DRIVER SAFETY
1. U.S. Department of Labor, Bureau of Labor Statistics. (2018, December 18). National Census of Fatal Occupational Injuries in 2017. Retrieved from https://www.bls.gov/news.release/pdf/cfoi.pdf
2. MOTUS. (2019). 2018 Driver Safety Risk Report. Retrieved from http://in.motus.com/driver-safety-risk-report-2018.
3. The Network of Employers for Traffic Safety. (2015). Cost of Motor Vehicle Crashes to Employers-2015™. Retrieved from https://trafficsafety.org/road-safety-resources/public-resources/cost-of-motor-vehicle-crashes-to-employers-2015/.
4. Beltz, B. (2018, October 25). 100 Car Accident Statistics for 2019. Retrieved from https://safer-america.com/car-accident-statistics/.