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What is fleet risk management?

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Minimising fleet risk ensures not only the safety and efficiency of your fleet and operation, but also helps avoid costly fines. Any standard fleet risk management policy should be driven by compliance and must consider the physical and regulatory risks for fleets.

In this article, we will discuss the risk management issues impacting fleets, fleet compliance and how technology plays a role in fleet risk management.

Risk management issues impacting fleets

Fleet risk management

Risk management issues impacting fleets

Driver safety

One risk a fleet risk manager must address is driver distraction, unfor­tu­nately still one of the biggest causes of accidents. Thanks to advance­ments in technology, distracted driver behaviour can be detected inside the cab and drivers can be alerted when they are driving unsafely. Further, with the addition of a dash camera, fleet managers can more effectively monitor and coach drivers to encourage them to engage in safe driving – ultimately lowering the risk of accidents.

Fleet maintenance

Maintenance is also a crucial aspect of driver safety and fleet efficiency. Technology has helped fleet risk managers efficiently maintain vehicles by monitoring things like engine data, tyre pressure and brake function­ality. Fleet risk management systems alert you to issues before they become serious problems and you can schedule fleet maintenance tasks efficiently, receive information on trouble codes and keep your costs down while mitigating fleet safety risks.

Compliance

Fleet managers are responsible for running a compliant fleet – no matter how big the admin­is­trative headache it might cause. However, fleet management systems can help streamline compliance by automat­ically recording hours of service and logging driving times for you.

Fleet risk management and compliance

Fleet risk management and compliance

Fleet risk management and compliance

A fleet risk management policy also takes compliance into account. To be sure you are operating a compliant fleet, there are four key areas of high priority.

Vehicles must be:

  • Fit for purpose
  • Inspected and maintained regularly
  • Equipped with safety systems

Drivers must be:

  • Fully trained to operate the class of vehicle they are allocated
  • Fully aware of company safety policies and compliance regulations
  • Driving in good health with a valid license

Operations must offer:

  • Realistic and reasonable work schedules with proper breaks
  • Structured, well planned personal and company trips to improve safety and mitigate risk
  • Contingent plan for unforeseen variables (i.e. adverse weather conditions)

Management must ensure:

  • All vehicles used by and for the business are properly documented
  • Documents outline respons­ib­il­ities, tasks, processes and routines
  • Records display effective monitoring and analytic capab­il­ities

Fleet risk management solution

Fleet risk management solution

Fleet risk management solution

Remember to always check with local regulations to stay compliant and on top of rules and regulations. Interested in a fleet management solution to help you mitigate risk and optimize your fleet? WEBFLEET fleet management software shines a light on your fleet data that can help you make informed decisions to manage fleet risks effectively, remain compliant and improve driver safety.

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