Driver Excess Management

A successful risk management strategy includes the analysis and identification of where, when, and why financial losses have occurred, followed by preventative remedial action to avoid similar incidents in the future.

Companies have a legal and moral responsibility to their drivers while they are driving on company business and all organisations must look to reduce their occupational road risk.

In order to highlight the importance of driving safely Leasedrive has introduced a ‘Driver Excess Management Scheme’ to drivers when they have an ‘at fault’ accident/incident in their company vehicle.

The Scheme

The ‘Driver Excess Management Scheme’ sees an excess charged in the event of a repeat accident/incident, changing a driver’s behaviour towards their company vehicle. The excess, a consequence of an ‘at fault’ accident, influences their behaviour and responsibility when driving, as well as raising their awareness of their own duty of care obligations towards driving safely.

The resulting positive behavioural changes influence:

• The risk factors of driving
• Negative behaviour behind the wheel
• Self-awareness of personal risk
• Accident frequency and costs
• Safer driving

Leasedrive already administers numerous schemes of this nature for other clients who have seen a reduction in their accident frequency by up to 30 per cent. In addition, they have recorded significant costs savings too, both in repair costs and their motor insurance premiums at renewal.

Leasedrive manages the entire process, working in partnership with you to effectively reduce the frequency of your motor insurance claims, and in turn, a reduction in your overall accident costs.

In each instance, where a driver has a first ‘at fault accident/incident, they are reminded by Leasedrive of company car policy, their obligations under duty of care, relevant legislation, and the fact that should they go on to have a second avoidable claim in the next rolling 12-month period an excess levy will apply. In the event of a repeat incident, Leasedrive then works closely with your HR Department to avoid a further ‘at fault’ claim.

In effect, Leasedrive becomes your managing agent in this process - taking away all of the administration and hassle.