Cost benefit analysis for occupational road safety
The true costs of road accidents to organisations are nearly always significantly higher than the resulting insurance claims. HSE research into workplace accidents generally suggests that, for every £1 recovered through insurance, between £8 and £36 may be lost via uninsured costs.
While organisations may be able to recover vehicle damage costs through insurance, many other costs may not be recoverable. These include: lost time in wages and salaries, lost orders and output, administrative costs, legal fees, and costs due to other kinds of business interruption. These costs will come off your company’s bottom line.
Many of the resources required to put a management system in place for work related road risks should already be available to enable your organisation to meet its normal occupational health and safety obligations. TTC Automotive can help minimize the perceived costs of introducing a driver training programme and help to understand why training can be an investment with benefits.