Changing Fleet Applications Can Impact Liability Coverage
A fleet manager is a crucial component in corporate risk management by instituting the policies and programs that help to minimize corporate liability exposure.
When fleet business applications change, it is important to inform your commercial insurance broker because the existing commercial general liability insurance may not provide coverage to the new operation. When changes are made in business operations, it is necessary to update insurance coverage to accurately reflect current business practices.
For example, let’s say you own a hauling company and decide to expand into the towing business. If you didn’t provide information about the new business application to the insurer, the commercial general liability policy may not provide coverage if one of your tow trucks damages a parked car.
Although insurance responsibilities typically fall outside a fleet manager’s realm of responsibilities, it is important to be aware of the different state laws that affect corporate liability exposure, especially when you are managing a nationally dispersed fleet. In addition, fleet management plays an important role in minimizing loss exposure by enforcing fleet safety policies and implementing fleet safety programs to help deter preventable accidents.
In the final analysis, a fleet manager is a crucial component in corporate risk management by instituting the policies and programs that help to minimize corporate liability exposure.
Let me know what you think.
Author
Mike Antich
Editor and Associate Publisher
Source: https://www.automotive-fleet.com
FLEET MANAGEMENT AUDIT
Fleet management is the use of a set of vehicles in order to provide services to a third-party, or to perform a task for our organization, in the most efficient and productive manner with a determined level of service and cost.
Fleet management activities are shown in the following graph 1:
Graph 1: fleet management activities
The proposal audit analyses and assesses all fleet management activities shown in the graph 1, and its main goals are:
- Know the overall status of the fleet management activities
- Provide the analysis, the assessment, the advice, the suggestions and the actions to take in order to cut costs and increase the efficiency and efficacy of the fleet management activities
With the information obtained, we’ll elaborate a report that holds the overall status of the fleet management as well as the suggestions, recommendations and the measures to take in order to cut costs and optimize the fleet management activities.
CLICK ON THE FOLLOWING LINK TO DOWNLOAD THE PROPOSED FLEET MANAGEMENT AUDIT:
