SME’s are concerned about rising costs of Motor Fleet Insurance

 

In a recent survey of 600 businesses more than half the respondents (55.3%) said rising cost of insurance is their primary concern.

 

Those dealing with business vehicles reported that commercial insurance premiums have risen steadily over several years.

 

Insurance providers are clear that robust and effective risk management has a positive impact on incident rates and claims performance. There are many options available in the market that are both affordable and easy to implement.

 

However, businesses should not rely on the technology alone. Video footage will provide evidence and the ability to defend drivers and false claims, but how the data is used, interpreted, and presented to drivers will have more significant impact in long term behavioural change and sustainable performance improvement.

 

We often have conversations with businesses who invested in Camera and tracking technology for their fleet, but experienced little or no improvement in performance. In some cases, performance continued to decline, and insurance costs continued to rise.

 

RoadWise is on a mission to change that. We are experts in fleet technology, data management and driver engagement. We want to help businesses get the best return possible from their fleet technology, whether that is something we have supplied or working with a customer’s existing systems.

 

Our technology agnostic approach is producing significant results in reducing accidents, improving driver safety, and reduced operating costs.

 

Is the cost of your insurance increasing? We can help.

 

Call RoadWise on 0800 043 2028 or email the team [email protected]

The price of #oil has fallen dramatically over the last few weeks, which means many #fleets have benefited from lower fuel prices at pump and on #fuelcards.

Fuel card #analysis remains an important process for operators to identify where the fuel is being spent and what peripherals are being purchased to ensure the system is not being abused (unfortunately it does happen!).

Not everyone has time to sit down and analyse every line of their fuel card data, often provided in PDF or .csv files

Here’s an example of how RoadWise can assist. We produce fuel card analysis dashboards using data from any fuel card, we can even integrate several card providers into one platform.

Automated, simple and easy to use. When integrated with the your telematics data we can analyse long term MPG at fleet and vehicle level to gain further insight into you average pence per mile.

If you would like to see it in action call us on 0800 043 2028 or email [email protected] and we’ll be happy to arrange a demo.

I can ride a motorcycle of any capacity, but can I tow a trailer? Licence checking is an important process for any business that has employees who drive at work.

This could be anyone from Lorry drivers to sales staff in cars, even if it is their own vehicle.

It is important you check them all to ensure they are correctly licensed and for endorsements.

As an employer this is your responsibility.

RoadWise offers a Licence checking solution that automates this process and provides status reports with key indicators to identify correct categories, endorsements and changes.

For more information call us on 0800 043 2028

3 Things to consider when buying telematics

 

  1. What are your objectives?

What do you want to achieve through using telematics? Having clear objectives will you better understand which solution is best suited to your needs.

 

  1. How will the system meet needs?

Many systems will provide a graphically pleasing layout, but the detail and value is often within the data they produce. Understanding how to access the data and how easy it is to use will be critical to the success of the project. Have a set of questions to ask during demonstrations to consistently benchmark each system.

 

  1. Driver Engagement

The success of the project will rely on buy in from drivers. Consult with them ahead of introducing any new system to ensure they know why, what, where and when this system is being installed. Give them opportunity to voices concerns and provide feedback. This will enable you to answer all questions ahead of implementation and maximise traction from day 1.

 

www.roadwiseuk.com

0800 043 2028

[email protected]

We’re really pleased to announce the start of a new partnership between RoadWise and Premier Palletised Ltd

Premier Palletised are a member of the Pallex network, operating a fleet of 40 vehicles from their depot in Acton, London. Like many operators PPL has numerous sets of data delivered to them from multiple sources.

RoadWise will provide PPL with a data management platform, integrating data from their 2 telematics systems, vehicle check app, fuel cards, insurance claims, tachograph and delivery management system.

The solution will provide PPL with a single platform to view their mission critical data with KPI’s and performance analytics.

Through the RoadWise Rewards App, data will be used to engage, incentivise and reward PPL drivers. The initiative will help PPL improve driver safety, reduce accidents and improve their carbon footprint through reduced fuel consumption.

We’re really excited about this project and look forward to working with PPL!

www.roadwiseuk.com

0800 043 2028

[email protected]

CAN > Controller Area Network

 

“A robust vehicle standard designed to allow microcontrollers and devices to communicate with each other’s applications without a host computer”

 

WIKI 👉 https://en.wikipedia.org/wiki/CAN_bus 👈

 

This is the network in your vehicle over which all the sensors and controllers talk to each other, enabling performance diagnostics and data sharing.

 

When you take your vehicle to the garage for a service or repair, the engineer will plug a device into the OBD (on-board diagnostics) port to download and diagnose information from the CAN. This will provide information regarding any fault codes or alerts that require immediate attention.

 

You might see the CAN in action as the information also triggers warning lights on your dashboard.

 

How does this help Transport Managers?

 

Manytelematics platforms offer a CAN enabled solution which provides the means to continually monitor the systems performance of your vehicles.

 

This feature provides real time alerts to fault codes and errors via the telematics, providing the operator with immediate visibility of any issues. This removes the risk of fault lights on the dash not being reported by a driver and provides the ability to immediately action any servicing or maintenance requirements. This prevents the risk of further damage, high repair bills and extensive vehicle off road time.

 

Have you ever wanted better visibility of servicing and maintenance data from your fleet? A CAN enabled telematics solution could be what you need.

 

0800 043 2028

[email protected]

www.roadwiseuk.com

What is the average MPG across your fleet?

 

If you have a fleet of mixed manufacturer vehicles it can be a challenge to measure and monitor their MPG performance.

 

The combination of fuelcard and #telematics data will provide a consistent output to address this challenge.

 

What MPG could your vehicles be achieving? The manufacturer figures always seem unrealistic, you can check this database https://vanfueldata.vehicle-certification-agency.gov.uk/ for more “real world” figures.

 

According to the database a 2.2 Diesel Transit Custom 310 should achieve a combined MPG of 46.3

 

Working with a fleet of Transits that are producing an average of 34mpg the database suggests there is a 27% improvement available. While 27% may not be achievable, 10% is likely to be attainable.

 

Using telematics performance data, you can drive behaviours to achieve and maintain this improvement.

 

What would a 10% saving look like on your fuel bill?

 

0800 043 2028

www.roadwiseuk.com

[email protected]

How do you monitor #vehicle engine idling?

 

Idling refers to running a vehicle’s engine when the vehicle is not in motion.

 

Engine idling is a huge contributor to air pollution, particularly in Towns and Cities as it increases the amount of exhaust fumes in the air.

 

The Royal college of Physicians estimate 40,000 deaths a year are linked to air pollution.

 

If a fleet of 40 vehicles idled for an average of 10 minutes per day each, that’s the equivalent of 2,000 minutes over a 5-day working week. That’s 33 hours of idling!!

 

A telematics system will provide the ability to monitor vehicle idling. The more sophisticated platforms will also report CO2 output. This data can be used to target improvements that reduce impact on the environment and fleet running costs.

 

Reducing the volume of idling in your fleet will not only contribute towards cleaner air for us all, it will also save you money, improve the security of your vehicles and has the potential to improve productivity.

 

Not all idling can be avoided, but a lot of it can be with start stop technology or by simply switching the vehicle off. However to drive the behaviour requires identification of the issue.

0800 043 2028

www.roadwiseuk.com

[email protected]

Do your drivers know what to do in the event of a breakdown?

A well-maintained vehicle fleet is less likely to breakdown, but a flat tyre or cracked windscreen could happen at any moment.

When it does, are your drivers briefed on what to do?

Structure and logic often suffer in the event of the unexpected. Simple things like crib sheets in cabs or information in mobile apps can really help a driver stay safe while at the side of the road.

Many telematics systems include integrated mobile apps with the ability to store information for drivers to access remotely. This includes incident capture forms for them to complete and send back to base, improving the process and accuracy of information.

What systems do you have in place to assist your drivers in their hour of need?

0800 043 2028

[email protected]

www.roadwiseuk.com

What is FNOL and why is it important?

FNOL – First Notification Of Loss is the initial report made to the insurer in the event of theft, loss or damage of an insured asset.

This is usually the first step in the claims process.

FNOL is a term widely used in the telematics industry to describe an automated alert triggered by G Force readings within the black box device. These alerts usually delivered by email are designed to assist transport managers through enhanced visibility of incidents as soon as they happen.

Why is this important?

FNOL alerts enhance an employer’s duty of care through automation of mission critical information and immediate awareness an employee may be in danger. The information can be used to manage the employee’s safety and alert the relevant emergency services, pinpointing the exact location of the driver and vehicle.

Where serious injury is involved reaction time is critical.

If camera footage is available, it will also provide an immediate replay of exactly what happened and who was involved. A valuable source of evidence to the authorities and insurer.

The average claims notification period (the time it takes the insured to notify the insurer of a claim) is often important to the insurer. The quicker this data is passed to the insurer the more opportunity they have to control costs of claims, which can have a positive impact on the premium renewal.

In addition, there is multiple operational benefits to knowing when an incident has occurred enabling the business to execute emergency procedures that minimise the impact on business continuity such as re-scheduling deliveries, vehicle replacements and employee absence cover.

What is your average claim notification period? Your broker should be able provide this information. FNOL alerts will help you improve this and reduce your premium.

0800 043 2028

[email protected]

www.roadwiseuk.com