According to insurance agency estimates, each dollar of direct accident cost equates to three dollars of indirect costs. The hidden costs associated with an accident are often hard to measure but leave a lasting impact on your company’s bottom line.
All too often, companies underestimate the risk associated with their fleet and the ripple effect an accident can have on their entire organization. An accident happens about every five seconds in the United States and on average, one in five fleet vehicles is involved in a crash each year. When an incident occurs, not only are your employees at risk for injury but your company is also responsible for direct costs. These costs include medical expenses, vehicle repairs, and potentially significant indirect costs that may be hidden in your business’ blind spot.