Insurers love good risk management

Insurers love risk management. When treated as an ongoing process in your fleet operation, instead of a ‘tick box exercise', there are numerous benefits to reap.

Some perks of excellent risk management include:

• Reduced insurance costs as it helps lower your claims frequency and claims costs
• Improved safety for drivers and all vulnerable road users
• Minimises downtime and costs, the quicker your claim is reported, the quicker you can get back on the road

The more your risk management is improved, the more insurance markets and benefits you'll have access to. These can include risk management bursaries, extended driver profiles, reduced excess, and so on.

Watch our recent webinar where we discuss risk management in more detail with Jake Edwards from SJL Insurance Services and Jeremy Richardson from ETI Logistics.

Hot tip from our insurance partner SJL Insurance Services : your risk management plan needs to be communicated to your insurer in order to receive the benefits!

A good quality insurer should assess your risk portfolio and take into consideration what you are doing to mitigate risks. Risk management strategies that can reduce premiums include:

• Vehicle technology
• Driver assessors
• Consistency in agency driver pools
• Driver profiles
• Geofencing
• Nature of goods being delivered
• Mental health and wellbeing initiatives

Did you know our insurance partner SJL Insurance Services offers free insurance reviews of your current package, so you can check your fleet has the best cover available? If you're interested, get in touch by emailing [email protected] .