Use Insurance Telematics Solutions to Retain Your Clients
Bill has been managing the Richardson Construction account for over 5 years. This is a rather large account that has always paid their premiums on time and requires very little maintenance. However, Richardson Construction has recently experienced several accidents, which now presents a significantly higher risk for Bill’s carrier. Bill is now in the unfortunate position of having to break the bad news of…
A 30% annual premium increase.
Bill knows that this will encourage Richardson Construction to shop around for a different insurance provider, which makes them a potential churn risk for Bill. He wants to do everything that he can to keep Richardson Construction as a client and he also doesn’t want this to happen to his other clients. He then researched insurance telematics solutions and discovered that they can help Richardson Construction and his other clients keep their premiums at manageable levels.
Insurance telematics solutions can help
Reduce accident risk
By monitoring aggressive driving and speeding, FieldLogix can help fleets identify unsafe driving activities and coach their drivers before they cause an accident.
Identify risky drivers
The Artificial Intelligence-powered crash risk report will identify risky drivers when they are are a higher risk of being involved in a crash. Fleets use this information to coach or sideline their risky drivers.
Reduce fleet theft
After hours use alerts notify fleet managers of potential vehicle and equipment theft. Managers can dispatch law enforcement to recover stolen vehicles and equipment and reduce theft claims.
Improve driver safety
Driver facing dash cameras identify instances of cell phone use, eating & drinking, smoking, driver fatigue and unbuckled seat belts. Fleet managers use the video to coach unsafe drivers and eliminate these poor habits before they result in an accident.