Write More Commercial Auto Policies
Reduce risk for commercial auto fleets with telematics systems
Janet works for a risk averse carrier. They want to take every precaution when insuring a client to ensure that their loss claims are minimized. She tends to be provided with a number of commercial fleets applications and a large majority of them fail to qualify for their policies.
When she reviewed a report listing the firms that were disqualified, she found that…
85% of fleet applications were denied.
Her carrier is now evaluating the use of telematics to improve the safety of potential commercial fleet clients. This will help keep loss claims low for existing clients and will allow others to qualify for their programs. The company believes that it could significantly boost its revenues by approving more of these fleet clients, provided that they are continuously monitored with telematics.
Telematics helps the carriers…
Reduce accident risk
FieldLogix offers a driver safety scorecard that identifies which drivers tend to drive aggressively and speed excessively. This report is monitored by the fleet to coach their unsafe drivers.
Prevent crashes
The artificial intelligence-powered crash risk report identifies the drivers who are at a greater risk of being involved in an accident based on driving history and local weather conditions. These drivers are coached by the fleet managers to ensure that they don’t cause accidents.
Identify staged accidents
Dash cameras store video from crash events and are used to identify staged accidents to eliminate at-fault accident claims.
Improve vehicle safety
The vehicle inspection app is used by drivers to perform pre-trip and post-trip vehicle inspections to identify potential vehicle safety hazards. This provides the fleet managers with immediate notification of any issues so they can repair them in a timely manner.
Eliminate theft
The FieldLogix telematics solution is used to find and recover stolen vehicles. This reduces loss claims for stolen vehicles, tools, and parts.
Eliminate distracted driving
Dash cameras are used to identify driver cell phone use, eating & drinking, and smoking. Eliminating distracted driving results in a 50% reduction in accident risk.
Eliminate other safety risks
Dash cameras monitor and alert drivers when they are fatigued and when they are driving with unbuckled seatbelts. This helps to reduce accidents and personal injury claims.
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