Fleet management for motor insurance fleet is becoming an ever important role for large companies. It has been researched that companies with poor claims management can pay up to 200% more on their fleet insurance policies. When you are looking at base premiums of £120k this works out to be a lot of money. In fact it can be so costly, it can result in that business being seriously reduced in size or folding.
Some companies employ fleet managers as permanent staff whilst other companies will get in a freelancer to take care of the management of their vehicles.
A permanent fleet manager will monitor drivers, keep track of any endorsement they receive on their licenses and hold training sessions for drivers. A good fleet manager could cost large companies between 40-50k to recruit, but the savings they could make due to the consistent use of their skills could be huge. We are talking figures of over 100k, so worth investing in a good fleet manager.
For companies that are not so big and can’t afford a fleet manager a freelancer maybe the answer. Someone who comes into the office a couple of times a week to do reports on the motor fleet and the occasional training sessions. They may not be as permanent as a fleet manager but they will 100% help to reduce costs if you have a fleet insurance running with bad claims history.
No matter which type of manager you go for you can see the importance of having someone manage your fleet, keep up with training and ensuring you keep a good history to keep your premiums down.
