It's no rumor that the insurance industry is starting to require dash cams in company vehicles. In fact, there are multiple insurance companies that are moving towards a time where all commercial vehicles are equipped with both dash cams and telematics to increase safety.
Luckily for those companies who utilize fleets of vehicles, this is not a one-sided benefit: there are advantages for those who are required to adopt this new technology.
Training for less experienced drivers
When it comes to safety, there is nothing more important than driver training.
With recent CDL shortages, as Linda Stoppacher from Acadia Insurance mentions, the amount of both older and younger, less-experienced drivers are becoming more common: both of which are problematic, ultimately creating safety risks.
This shortage is requiring certain measures to be taken. The solution? Incorporating dash cams and telematics to make sure all drivers are performing up to standard.
These dash cams enable valuable training opportunities to increase safety. Video captured during a hard braking event might reveal the driver following a vehicle too closely or a distraction in the cab that should be addressed. This data allows for customized training on a driver-by-driver basis, holding each driver accountable of his or her actions.
Different types of cameras ensure coverage in different areas:
- Driver-facing ensures the driver is paying attention to the roads only
- Road-facing helps investigators and insurance determine what actually happened
Refer to Cameras Improving Trucker Safety for more information on these dash cams.
Safety is a huge factor when it comes to company reputation: ultimately, your drivers reflect either positively or negatively on your brand.
Reducing insurance claims & fraud
Not only is dash cam technology a useful training tool for drivers, it is also a great way to easily prevent outright insurance fraud or being wrongfully accused of an accident. Dash cams for trucks are particularly important, since truck drivers often get blamed when accidents occur. However, a recent study by the American Trucking Association shows that in most fatal collisions involving a truck, the cause of the accident is overwhelmingly the fault of the other vehicle.
“Twenty-three percent (23%) of the trucks in fatal crashes were assigned the critical reason [for the crash] while 77% of the critical reason was assigned to the other vehicle.”
With a dash cam installed, the true account of what happened during an accident is revealed and, statistically, this will clear the truck driver of any wrong-doing in most cases.
Maintaining policy requirements
It is becoming increasingly common for insurance companies to require commercial vehicles to add dash cams and telematics systems before a policy is renewed. According to Linda, the reasoning behind these new requirements goes far beyond reducing the cost of claims: safety and “building better fleets,” as she phrased it, is the primary goal.
Learn how a connected dash cam solution can improve the safety of your fleet and allow you to maintain your policy requirements.