On average, approximately 20% of a company’s fleet will be involved in an accident this year -- each incident bringing a significant cost to the company. These expenses include direct costs such as medical bills and vehicle repairs as well as potentially significant indirect costs that may be hidden in your business’ blind spot.
The financial impact is striking. The Occupational Safety and Health Administration (OSHA), Washington, D.C., reported that motor vehicle crashes are costing employers $60 billion annually in medical care, legal expenses, property damage and lost production alone. The average crash costs employers about $16,500 and jumps to more than $74,000 for a crash with injuries and even $500,000 or more if there is a fatality.