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Vehicle Cameras and Tracking Solutions

road safety

In a recent trial, over various fleets, and using over a thousand cameras, there is evidence to show that claims frequency reduced by as much as 35% and also the average claims cost reduced by as much as 25%.

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At Square Mile Broking we continue to work with our clients to minimise the potential for claims and to manage claims efficiently when they do happen.

We have seen proven results for numerous clients that have worked closely with us and their insurer by the implementation of vehicle cameras.

In a recent trial, over various fleets, and using over a thousand cameras, there is evidence to show that claims frequency reduced by as much as 35% and also the average claims cost reduced by as much as 25%.

The technology incorporated within vehicle cameras has improved drastically, making them incredibly effective as a risk management tool to incorporate within your overall Fleet Risk Management.

From your computer or mobile phone you can instantly see exactly where your vehicles are and be notified, in real time, of areas for concern including harsh acceleration or braking, speed limits being exceeded and any collision or impact. You can also view the footage of any incident immediately. This has the benefit of immediately being able to assess what happened to assist with both any insurance claim and also any potential driver training needs.

Other key benefits include:-

  • Improved driver behaviour
  • Reduced accident frequency
  • Defence against non-fault or fraudulent claims
  • Reduced fuel costs
  • Reduced wear & tear
  • Quicker settlement of claims
  • Often resulting in the costs of claims reducing
  • Ultimately reducing insurance costs

Please view our real-life camera footage from a recent claim for one of our clients. It is interesting to note that the Third Party, via their insurers, initially declared that then accident was not their fault and proposed to settle the claim on a 50/50 basis. Once we were able to explain we had this footage we were then able to claim a full recovery from the Third Party thereby protecting their claims experience. Without this footage their insurer would have potentially had to pay tens of thousands of pounds to cover the Third Party damage and injury.

Have you had a recent incident where a vehicle camera has helped settle a claim? Or are you currently considering which solution is best for your company? Please do not hesitate to contact us for more information on 0330 024 2980 or visit our website at squaremilebroking.com/risk-management/

 

 

: photo credit via photopin (license)