fbpx
Insurica
Pay Now
Client Login

The Benefits of Telematics for Commercial Fleets

Managing vehicles is a key element for the daily operations of many businesses. According to the Federal Motor Carrier Safety Administration, the number of fatal crashes involving large trucks and buses has gone up by 42% since 2009. Telematics is certainly the way of the future when it comes to fleet management. The information available at your fingertips in near, if not, real time is mindboggling. Telematics has the ability to transmit info with regards to driver behavior, vehicle diagnostics, and location, to name but just a few. Information such as this allows supervisors/management to make immediate corrections if needed, or in some cases immediate praise. Below are some additional areas where the utilization of telematics software can help a fleet:

  • Reduce operational costs—Telematics software can help keep drivers updated on upcoming traffic concerns or road hazards, offer rerouting options and locate preferred gas stations—all of which can contribute to improved fuel efficiency and reduced operational costs.
  • Encourage safe driving—Telematics allows employees to better monitor their individual driving habits and detect flaws that they might not have realized otherwise.
  • Bolster fleet security—Employers can utilize telematics tracking to detect the location and route of any stolen vehicles, simplifying the vehicle recovery process.
  • Ensure vehicle maintenance—Telematics software can detect a wide range of vehicle breakdown or maintenance problems, such as engine issues or diagnostic concerns.
  • Reduce administrative costs—Telematics allows employers to digitize records that would otherwise have to be maintained manually, which can be a time-consuming process.

For additional insurance and loss control guidance, contact INSURICA today.

About the Author

INSURICA
INSURICA

Share This Story

Stay Updated

Subscribe to the INSURICA blog and receive the latest news direct to your inbox.

Subscribe to the blog

Related Blogs

New Rules Could Transform Instant Pay Benefits

December 9th, 2024|Blog, Employee Benefits|

Federal regulators are moving to classify earned wage access programs as consumer loans, signaling a major shift for this rapidly growing employee benefit. The Consumer Financial Protection Bureau's proposed rule could reshape how companies like Walmart, Bath & Body Works and McDonald's offer early access to earned wages.

58% of Millennials Bet on 401(k)s Over Social Security

December 6th, 2024|Blog, Employee Benefits|

A significant generational shift in retirement planning is reshaping how employers need to think about their benefits packages. While older generations have traditionally viewed Social Security as their primary source of retirement income, younger workers are increasingly putting their faith—and their money—into personal retirement accounts.

Family-Building Benefits Lead Latest Workplace Benefits Surge

December 5th, 2024|Blog, Employee Benefits|

U.S. employers are rapidly expanding their family-building benefits, with fertility and adoption support emerging as key offerings in the competitive talent marketplace. New research shows companies are investing heavily in these benefits to attract and retain employees while supporting diverse paths to parenthood.

Go to Top