Fleets using compliance, risk management systems can obtain lower insurance costs
Oct 17, 2012 10:11 AM
Insurance providers to the trucking industry are offering reduced premiums to fleets that use effective automated compliance and risk management systems, according to officials at Compli, a provider of human resources, safety, and compliance management software.
“With a comprehensive tracking system, up-to-date legal content and trainings, reliable workflow, and documentation, fleets can proactively decrease the frequency and severity of issues in their employment practices and other areas of risk,” said Nick Goodell, general manager–trucking and transportation for Compli. “Insurers are now formally recognizing this with trucking companies, and we are thrilled to pass along this great opportunity to help fleets save money.”
Many of the insurers have a list of approved companies, including Compli, that offer specialized services designed to help the insurance company’s customers develop effective, customized risk management systems. Accordingly, the insurers are reimbursing their customers with a portion of the cost of preventative services that directly relates to the Employment Practice Liability coverage written.
Goodell said companies with a formal program with approved vendors provide reimbursement any time during a policy period.
“Some insurers recognize the benefits in the underwriting process when setting premiums upfront and at policy renewal,” he said. “This recognition of Compli’s HR, safety, and compliance management software as a loss-control tool is consistent with the success Compli’s clients have seen in other industries Compli serves.
For a list of insurance companies offering the discounts, or for more information, fleets may contact Compli toll-free at 1-866-294-5545 or visit www.compli.com/fleetsavings.
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