Going Beyond Exoneration: Video Can Lower Liability and Insurance Premiums

Video-based safety systems help fleets settle claims quickly, consistently and efficiently.

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Video-based safety systems offer many obvious benefits, including driver exoneration, risk management, cargo and vehicle theft protection, compliance with standard operating procedures, and enhanced driver satisfaction and retention. All of those are important to keeping drivers safe and fleets operating efficiently, especially considering the Federal Motor Carrier Safety Administration (FMCSA) reported that 4,311 large trucks and buses were involved in fatal crashes and 87,000 in injury crashes in the U.S. in 2015. That’s more than 11 fatal crashes and 238 injury crashes every day. 

The same report noted the average cost of a large-truck related injury is $462,366 per crash, while the average cost of a fatal large-truck accident can skyrocket up to $11.6 million. In total, the estimated annual cost of accidents involving large trucks is well over $134 billion. This is why having video to help mitigate the risky driving behaviors and protect fleets from dangerous and costly accidents is crucial.

But a lesser known benefit of video-based safety and transportation intelligence is the ability to lower a fleet’s liability and their ever-rising insurance premiums. With visibility and context that only video can provide, fleets are able to settle claims quickly, consistently and efficiently, which in turn positively impacts the bottom line. No matter the industry, fleets big and small understand that video is a critical tool for exoneration, litigation and subrogation—an immeasurable value.

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