Provision Data Shows Many Fleets Are At Risk
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Provision Data Shows Many Fleets Are At Risk

  • ProVision’s exclusive Fleet Risk Assessment Tool data shows many fleets carrying significant risk due to lack of/poor technology and processes
  • Over 17% of fleets asked do not complete basic critical compliance

The results show that a surprising number of fleet operators are grossly unprepared and under-protected for incidents and accidents that may occur.

A staggeringly high proportion of fleets are not following basic compliance vehicle walk-around checks before driving, and many have not installed safety cameras.

The information comes after a detailed study into fleet risk, conducted by ProVision CameraMatics, showed many fleets are putting themselves at undue risk, by not adhering to basic compliance.

The ProVision report is the first of its kind in the industry, and found that just 20% of fleets questioned had cameras in all vehicles and half had no cameras installed at all. Of those with cameras, 42% were relying on single windscreen-mounted dashcams, without data analysis tools or any reporting functions.

Even more striking; 17% of respondents admitted not carrying out critical compliance walkaround checks before driving.

The results come from ProVision’s newly developed Fleet Risk Assessment Tool, an interactive survey tool, designed to help commercial fleet operators accurately evaluate individual business risk exposure. This unique tool gives each respondent immediate personalised insights into how to improve safety and reduce risk to their fleet and provided ProVision with the anonymous data for the study

The survey focuses on the extent to which key technologies, including cameras, are adopted, as well as how best practice and reporting on incidents are implemented by fleets.

Data from the Fleet Risk Assessment Tool, hosted on the ProVision website, was mined from September 2017 to January 2018, with an accompanying extensive report created. This was designed to provide clarity for those reviewing and assessing safety procedures and transport policy and offer insight into the nature of risk.

The data was used to create a ‘Risk Score’ grading for those who took part based on the procedures and hardware each fleet has in place to manage risk. The results showed over 6 out of 10 respondents had a risk score above 70%.

 

ProVision believes that technology, both hardware and software, hold many of the answers to reducing risk. Simon Murray, Co-Founder and Sales & Marketing Director at ProVision, commented, “The results show that a surprising number of fleet operators are grossly unprepared and under-protected for incidents and accidents that may occur.

“According to our findings, the majority of fleets with cameras have no mechanism to be made aware if a failure occurs in the hardware and have no access to the footage unless the vehicle returns to base and/or the media is physically removed. This is a major gap in a fleet’s risk management and could open a fleet up to a range of risk, simply because it does not have adequate reporting and monitoring technology in place.”

Key findings

  • 17% of respondents do NOT carry out walkaround checks
  • 15% admitted not having any accident reporting process
  • Only 20% had cameras in ALL vehicles and 50% of respondents had no cameras installed
  • 42% of those with cameras only had a single windscreen-mounted dashcam
  • 52% reported that their cameras did not alert them of hardware failures
  • 80% reported they did not have remote access to camera footage

Over two hundred responses were gathered over a four-month period with 123 respondents answering all questions, including bridged answers. Each response to the questionnaire was given a weighted score according to its perceived ability to reduce risk. The scores were then converted to give an overall percentage of fleet risk.

The scoring system is such that it is possible to have a score of zero. This does not mean that a fleet is immune from being involved in an incident, but that the operator/manager has done everything possible to mitigate the risk of an accident, including following compliance best practice, and monitoring all key evidence.

Conversely, 100% risk means that a fleet is not operating any technologies that can help them avoid accidents and adequately monitor fleet, driver and hardware performance, and is not actively monitoring compliance.

Simon Murray adds, “Of all the data we extracted, the overall picture is that many fleets are opening themselves up to unnecessary risk and exposed to large claims, insurance fraud, lawsuits, high legal costs and a heavy administrative overhead while dealing with claims.”

Click to view the highlights of the findings and download the full report.

Ends.

 

For further information please contact

Amy Miller on 0207 952 1071 or amiller@torqueagencygroup.com

Tim Ricketts on 0207 952 1076 or tricketts@torqueagencygroup.com

Notes to editors:

  • The survey itself is a commercial tool.
  • This was not a scientific study and as such no claims about statistical significance are made.
  • The weighting of the Risk Assessment Scores and the scores themselves were carefully defined by ProVision to be a fair reflection of overall risk factors faced by fleet operators.
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