NEWS

The model shown in the table above shows some assumptions about the principal functions, likely time spent and costs incurred for running a fleet risk program internally for just 50 drivers, compared to the cost of outsourcing all these functions to a specialist provider like Driversure.

It demonstrates that over twelve months, the cost of outsourcing equates to less than 50% of the cost of executing the same program, to the same standard, using internal resources.

This analysis is generalised and every fleet may have different opinions surrounding their own experience. In reality there will be as many fleets that feel time spent in the model is overstated as understated. Others will check if they pay more or less for the three services. From our research, the findings are reasonable.

This analysis is useful for fleets, for Brokers and for Insurers when considering the challenge of claims reduction, evidence of compliance and creation of a positive driving-safety culture.

Other Savings

Of course, the cost of the Risk Program should pale into non-existence when compared to the potential savings achievable by reducing claim numbers. Such a reduction has knock-on benefits in terms of lower insurance costs as well as lower accident-related costs. The scale of these savings will depend on where the fleet currently sits on the scale of risk. This can be measured, scored and improved.

Get in touch if you would like a personalised quotation for the management of your fleet risk program:

www.driversure.uk/contact