The Link Between Employee Safety and Commercial Motor Insurance for Corporate Fleets

The more a business grows, the more its reliance on vehicles increases. Regardless of the industry type, commercial vehicles are quite commonly used in any business for transporting loads and other purposes. With the increased use of corporate vehicles, the safety of the employees who use or are associated with the vehicles now becomes a concern. If any employee is proven to be unsafe while using the vehicles, legal and financial stress may come upon employers. Commercial motor insurance, a policy to cover company vehicles’ risks, can be a useful way to ensure employee safety in corporate fleets. However, it might be initially difficult to understand how commercial motor insurance can address employee safety concerns. So, this blog is here to discuss it.

6 Ways How Commercial Motor Insurance for Corporate Fleets Ensures Employee Safety

Companies that involve multiple vehicles in their business chores typically need commercial motor insurance. It gives them peace of mind while covering the costs of unforeseen damages and losses and ensuring the ultimate safety of their employees, including drivers. Here are the major ways through which employee safety concerns are addressed with this insurance. 

Provides Comprehensive Personal Accident Coverage:

A suitable commercial motor insurance includes personal accident coverage, which compensates for the bodily injuries and permanent, total, partial, or temporary disability of drivers and passengers in commercial vehicles. Additionally, if any employee dies while using the vehicle, the nominee of the deceased gets a sum of insurance money under this motor insurance to cope with the consequences of the sudden mishap. 

Covers Costs for Safety Training and Driver Development Programs:

When employee safety is a serious concern in commercial fleets, it is important to train drivers of commercial vehicles to drive safely and efficiently. For this, commercial motor insurance packages can be helpful. Some leading insurance companies include add-on facilities for arranging training programs for drivers. The programs often comprise driving skill development sessions, risk management strategies on difficult roads, etc., which play a great role in assuring maximum safety to employees in corporate fleets.

Promotes the Telematics Integration for Drivers’ Safety:

Telematics is an advanced technology that can be integrated with commercial fleets and helps to monitor driving activities, including the vehicle’s speed, acceleration, and braking. Commercial motor insurance packages often cover the expenses of telematics integration in corporate vehicles. The telematics devices alert drivers on risky moves, collect driving data, and analyze them to figure out areas for improvement in driving techniques. Thus, company managers can understand which driver has risky driving habits or who is still not efficient enough to drive and can provide suitable advice to drivers.

Initiates Risk Management Programs:

Employees across industries are susceptible to numerous risks, especially when they are associated with corporate fleets within the company. Managing all risks and being prepared for them can be difficult without the support of effective risk management programs under expert supervision. Hence, commercial motor insurance often provides coverage for diverse risk management campaigns for both employees and employers

Offers Bonuses and Rewards for Clean Driving Records: 

A reward always motivates! Considering this factor, nowadays, many insurers have introduced bonuses and rewards for the neat and efficient driving skills of drivers. The rewards work as a token of appreciation, which encourages them to continue their responsible driving activities. Thus, the risk of accidents with corporate fleets under the company goes down, ensuring employee safety against road accidents and other on-road mishaps.

Covers Emergency Medical Care Cost: 

If any emergency takes place with the employees while using commercial vehicles, the medical care cost can be compensated with the help of commercial motor vehicle insurance plans. The coverage may include but is not limited to hospitalization, ambulance, medicines, and other supporting items like wheelchairs, crutches, etc. Thus, unexpected financial setbacks for the company can be avoided while maintaining a bond of trust with employees.

In this way, commercial motor insurance and employee safety are closely associated with each other. Obtaining it at the earliest opportunity is necessary.  

About CoverB

CoverB, as a leading insurance service provider in UAE, with its team of experts, helps contractors obtain the best-suited commercial motor insurance plans. With the assistance of CoverB experts, logistics companies, transport companies, food delivery businesses, diverse MNCs, and SMEs can easily obtain the most profitable insurance plan for their vehicles. CoverB is indeed a one-stop destination for all businesses’ unique corporate insurance needs, which makes exploring, obtaining, and managing insurance plans hassle-free.

Final Words

Employees are likely to drive and use vehicles often in logistics service-providing companies, transport businesses, travel and tourism companies, diverse MNCs, and all other businesses that use vehicles in bulk. In many cases, they even have to travel long distances using vehicles. Therefore, it is recommended that they opt for suitable commercial vehicle insurance to ensure maximum safety for the employees. Also,, with multiple add-on coverages and available premium ranges, the insurance can be flexible enough for policyholders.