Vehicle tracking from an insurance perspective
As a business you can influence the insurability of your company. As an insurance company you can help your client manage their premiums, certification and overall insurability.
- Decrease risk due to the elimination of personal use of company vehicles
- Decrease exposure to terrorism and vandalism acts
- Increased control over shipment of hazardous cargo
- Increased safety due to better maintained vehicles
- Reduce risk to theft-internal or external
- Reduce exposure to situations that can pose a threat to the safety of your fleet
Whether you are an insurance company or a company needing insurance, the concept of applying vehicle tracking information to your business will have value.
Are you an insurance company...
As an insurance company you want to be able to predict a relationship between premiums and claims and then do what you can to make sure your predictions meet or exceed your required outcome. You can influence this by assuring that your customers have the information and tools at their disposal that would decrease the number and size of claims made by your customer. Vehicle Tracking Services from Track Your Truck will provide your customer with real-time and historical data that will contribute to driving claims down. With this data, your customers will be able to track speed and speeding, reduce total miles driven, eliminate after-hours (personal) use of vehicles. In addition, they will be able to deploy better-maintained and therefore safer vehicles that will reduce the number of accidents and other claim related incidences (theft, spoilage etc.).
Are you a business that needs to assure your insurability...
As a company paying insurance premiums (a consumer of insurance products), you want to apply cost effective technology that will manage your incidences that result in claims against your policy. If you can reduce claims you can manage your premiums down and maintain your insurability as well as DOT certification. Vehicle Tracking is relatively untapped technology that will put vehicle operations data into your hands so you can in-turn apply this to the overall efficiency and profitability of your company. By turning this data into information, you can reduce or eliminate: speeding vehicles, excessive miles driven, spoiled cargo and accidents contributed to unsafe vehicles.