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The 3 Scariest Stats About Business Vehicle Program Risk

The 3 Scariest Stats About Business Vehicle Program Risk

By Ken Robinson, Market Analyst |
10.31.2016

Jason Voorhees, Michael Myers, Hannibal Lecter, Freddie Kruger, Norman Bates: these characters are known for instilling fear in the hearts of horror movie fanatics around the country, especially as we celebrate Halloween today. This Halloween season, the characters of ghosts, ghouls, and goblins, come alive in haunted houses and on the streets as kids hunt for the king size candy bars.

When it comes to business, many things make executives and managers shutter with fear. Most likely, it’s not ghosts or goblins, but it very well could be the weight of employee safety and the cost of potential accidents involving business drivers. Every employer wants to keep both their employees and the general public safe, but car accidents are a growing risk that has significant impacts on businesses. Even when injuries are avoided, it might make your hair stand up once you see the cost to repair a vehicle, or see the increase in your insurance premiums. In the spirit of Halloween, here are some stats about risk and safety that might make you want to sleep with a nightlight.

1) On-the-job accidents cost employers $25B in 2013 [1]: While this number may seem crazy, the terrifying part is that it has only increased in recent years. Seventy percent (70%) of U.S. States have seen an increase in traffic fatalities since 2013, and the first 6 months of 2016 were already trending 9% higher than the year before. [2]

2) Forty-two percent of US drivers admit to reading a text message or email while driving in the past 30 days[1]: and those are only the people who would admit it. I admit that I personally fall into that 42% of people myself. The truth is, texting and driving is one of the most dangerous things you can do on the road. You are 6x more likely to be in a crash while texting and driving. This makes it more dangerous than both talking on the phone and driving under the influence of alcohol (both 4x).

3) Those with a traffic conviction in the last 2 years are twice as likely to get into an accident [3]: This is especially important to organizations that have employees who are driving for business purposes. We know from our Workforce Mobility Benchmark Report that 63% of organizations are not checking Motor Vehicle Records of employees who drive for work. You might have twice as much risk on the road and not even know it.

While Halloween is a good time to bring these things to light, safety and risk should be on every organization’s mind year-round. Not only is it important from a cost perspective, but also for keeping your employees, and the public, safe. Knowing the facts is a great place to start as you look to improve the driving habits of your mobile workforce.

To learn more about vehicle program risk and safety, check out The Infographic.

Have a happy, spooky and safe Halloween!

 

[1] Network of Employees for Traffic Safety (NETS)

[2] National Safety Council

[3] UNC Highway Safety Research Center Study

About the Author

Ken is a Market Analyst at Runzheimer. He has more than 10 years of experience driving Product Management for data-driven businesses in the workforce mobility space. As a Market Analyst, Ken’s research skills and insights help identify and interpret trends affecting the ever-changing marketplace.