{"id":13167,"date":"2022-02-06T18:14:14","date_gmt":"2022-02-06T17:14:14","guid":{"rendered":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/?p=13167"},"modified":"2022-02-06T18:14:14","modified_gmt":"2022-02-06T17:14:14","slug":"fleet-36","status":"publish","type":"post","link":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/2022\/02\/06\/fleet-36\/","title":{"rendered":"Identifying Direct and Indirect Costs of Fleet Accidents"},"content":{"rendered":"

Photo via\u00a0pxfuel.com<\/a><\/em><\/i><\/p>\n

An average\u00a0accident can cost a company between $16,000 and $75,000, and\u00a0skyrockets if there was a fatality. With fleet drivers on the road more than the average person, it’s imperative to be aware of all the associated costs.\u00a0<\/b><\/p>\n

Fleet accidents can be costly. If you put non-CDL drivers out on the road, you face the risk of emptying out your pockets. Even a small accident like a fender bender or clipped mirror can cost thousands of dollars.<\/p>\n

The problem is, most companies don\u2019t see it this way. That\u2019s because there are both direct and indirect costs for fleet accidents. Let’s explore both and how to reduce them.<\/p>\n

Look at it this way: The average person drives about 15,000 miles every year. And, each year, they have a one\u00a0in 15 chance of getting into an accident. Your drivers are on the road much more than the average person. That means their risk of a collision is higher. They could have a one\u00a0in 10 chance of being involved in a collision or something even worse.<\/p>\n

What\u2019s more is these accidents are costing you.<\/p>\n

One accident will cost your company anywhere from $16,000 to $75,000, even if it\u2019s minor and no one\u2019s hurt. That number skyrockets if there is a fatality involved. And guess what, you\u2019re still paying even if it wasn\u2019t your employee\u2019s fault.<\/p>\n

Direct and Indirect Costs of Accidents<\/strong><\/h2>\n

The figures we shared may seem a bit high to you. It\u2019s hard to imagine a minor accident costing you tens of thousands of dollars, especially if you aren\u2019t fined. That\u2019s because there are both direct and indirect costs to accidents.<\/p>\n

Direct costs of accidents are what you pay immediately. Indirect costs are the ones that sneak up on you.<\/p>\n

The Direct Cost of Fleet Accidents<\/strong><\/h2>\n

Here are some common direct costs of fleet accidents. These are the obvious costs, but still, they add up quickly.<\/p>\n