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Cost of Truck Accident more than $75,000
Safe, efficient, cost-effective trucking is essential to your competitiveness in the global economy.
According to a recent study by the Federal Motor Carrier Safety Administration (FMCSA), the average cost of an accident involving a large truck is more than $75,000.
 
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Employee incentive programs to change behavior are always a success. To what degree will they be successful is the concern of most companies. There have been many cases, in transportation, manufacturing, construction and other industries, in which the accident rate per employee was reduced by 50 to 80% after the implementation of a 'properly structured' incentive program.
 
At a minimum, the ratio between benefits (savings due to accidents prevented) and program costs (awards and administration) are usually greater than 2 to 1, meaning that companies can make money on such accident-prevention efforts.
 
This is largely due to reduced fees to workers' compensation boards and other insurance, as well as to increased production, reduced downtime, lost days and a reduced need for replacement workers.
 

If you would like more information on the effectiveness of driver incentives to reduce accidents and raise driver productivity, complete the short form below and submit!

 
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