Liability - Tagged Posts - Fleet Financials

When to Restrict Personal Use of Fleet Vehicles

Are your fleet drivers using company vehicles for personal use? Setting policies regarding family use, age limits, driving infractions, and other behaviors helps reduce risks and limit liability.

Punitive Damages May Not be Covered by Commercial General Liability Insurance

Although most commercial fleets self-insure or have large deductible programs for their fleet to cover vehicle damage, most carry commercial general liability insurance for bodily injury or property damage caused by their company vehicle or employee.

Eliminating Fleet Driver Liability Risks

Consistent education and monitoring of driver behavior can help prevent potential liability issues.

Avoid Hidden Surprises by Uncovering Expunged MVR Violations

When hiring prospective drivers it is important to beware of expunged motor vehicle records (MVRs). Many states have a process where drivers can remove part of their driving record from view, hiding violations from potential employers.

Negligent Entrustment Is Based on What You Should Have Known

Negligent entrustment lawsuits typically focus on whether the company has an established safety policy and whether it enforces those policies. It is important to remember the standard for negligent entrustment is not whether the employer knows it has put people at risk; it is whether the employer should have known.

Types of Driver Reimbursement

There are four types of driver reimbursement models: IRS business mileage reimbursement rate, a fixed allowance, the Fixed and Variable Reimbursement Rate (FAVR), and a hybrid model that uses the FAVR guidelines but delivers the driver payment in a cents-per-mile model.

Red Hawk Fire & Security Bolsters its Safety Program

Driver training modules and a scorecard program helped curb the fleet’s safety concerns.

Driver Reimbursement Perks and Pitfalls

While fleets typically gravitate toward company provided models, there are legitimate reasons they might want to consider utilizing a reimbursement program. However, there are a number of caveats fleets should consider.

How Fleets Can Minimize Liability Exposure

The best practices to limiting liability exposure begins with a good driver screening process and continues all the way to how drivers handle themselves in the event of an accident.

Truck Overloading is an Ongoing Safety, Risk Management & Operating Cost Problem

Not only is an overloaded truck in violation of numerous state and federal regulations, it is unsafe to operate. As statistics show, year-after-year, overloaded trucks are one of the leading causes of truck-related accidents. In addition to safety concerns, an overloaded truck is costly to maintain and operate.