Fleet Risk Management: 3 Best Practices Businesses Should Follow for Preventive Fleet Maintenance

Jun 20, 2019

Spend Analytics

Fleet risk management is a crucial component of fleet operations for companies that focus on freight, delivery, transportation, and any other type of business that utilizes multiple vehicles. So, for them to remain in regulatory compliance while promoting a safe and sustainable environment with a fleet of well-operating assets is very important. Assets like equipment and vehicles carry inherent risks for fleets. Therefore, it is important to have an actionable fleet risk management plan in place since it is important to keep your fleet running efficiently without incurring costly fines for violating regulations or liability of accidents. In this article, we have highlighted a few best practices that can help companies to improve their fleet risk management process and can help them reduce claims and lower insurance premiums.

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Fleet Risk Management Best Practices

Best Practice #1: Vehicle Inspection Management

Conducting daily vehicle inspections is very important to create a proper fleet risk management plan. It helps in verifying that the asset is functioning in a safe manner and is not in a condition that could threaten an operator. Also, it allows operators to visually and physically verify any and all aspects of the fleet that are important. Businesses can leverage our fleet management solutions to track driver vehicle inspection reports and easily analyze large amounts of data to determine if there are any recurring trends. Paper vehicle inspections make it difficult to remain organized. As a result, businesses are forced to utilize their precious time to input the data into outdated systems of fleet management like Excel spreadsheets.

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Best Practice #2: Fleet Driver Safety

Fleet driver safety should be the primary concern for any business. To promote safety across your fleet, you should implement safety procedures and set certain restrictions. Also, to ensure fleet driver safety, it is imperative that you include safety procedures in your driver’s vehicle inspection report like inspecting the condition of tires, seat belts, or looking for exposed wires. Furthermore, fleet managers can also enforce driver safety with the help of different fleet management services and solutions.

Best Practice #3: Maintaining Automotive Compliance

Providing a safe working environment for employees is important for companies. Companies need to conduct proper inspections and keep a detailed history of driver vehicle inspection report logs. Also, it is important to ensure that both drivers and commercial vehicles meet set standards by conducting thorough inspections that verify things like hours of service and vehicle condition. This helps companies to establish a robust fleet risk management plan.

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