6 Ways DashCam Investment Pays Off

DashCam Investment Can Reduce Insurance Cost in Many Ways

It is no mystery that video footage will have a major impact in the event your driver is involved in an accident. Four of the six ways on our list are clearly related to managing risk and reducing insurance related costs.

1. Some commercial insurers offer a direct discount for having dahscams. Dash cams reduce overall risk and streamline the claims process resulting in lower premiums.

2. Protection from false claims against your drivers. Many damage claims are based on one persons word against another. DashCam recordings of events can shut that down in a hurry.

3. Protection from staged crash claims is another benefit. Commercial trucks are often the targets of criminals staging crashes or personal injury incidents because commercial pockets tend to be deeper than individuals, and some commercial trucks follow a predictable routine. DashCam footage proves what really happened.

4. Having video footage speeds up the claims process resulting in less vehicle down time, quicker reimbursement, and less time spent testifying. All of these present additional ROI.

DashCam Investment Contributes to Accident Prevention

5. DashCams help you to prevent future collisions by identifying & correcting distracted driving behavior through event triggered video captures. Fewer accidents also mean fewer premium increases, but that is just the beginning. The cost of an accident adds up fast. Bent metal, damaged goods, vehicle down time, employee down time and injury related costs, services/stops missed, and potential litigation top the list. It is not uncommon for the final cost of a commercial vehicle collision to exceed $100,000.

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CrewChief - dashcam

DashCam Investment for Improved Supervision

6. Often overlooked by management is Driving Attitude. Why? Because they have no way to know unless they ride with the driver, OR, have dashcams. Honestly, in cab footage can be uncomfortable to view, but it offers insight into much more than if a driver is smoking in the vehicle or using his cell phone. A driver with a great attitude looks a lot different on camera than a driver with a bad attitude. When I see video of a driver who is calm and collected, smiling, sometimes singing along with the radio, I think yes, he enjoys his job and I want a driver like that to deliver my goods and services. When I see video of a driver who looks angry with the world or makes inappropriate hand gestures at others, even the one who is rocking out – more focused on the music playing than the job at hand, I think wow, hope they never send that one to my door.

What Are the Signs?

From a business perspective, knowing who to encourage is just as important as knowing who to counsel. And there is scientific data to support that attitude affects driving behavior. According to Science Direct, “Hazard response times and eye tracking data suggest sadness can have a negative impact on driving behavior.” Your odds of getting in a collision are 10 times higher?when you’re angry or sad, according to Virginia Tech’s Transportation Institute. Notice in the video below from our CrewChief DashCam, the driver’s expression during the harsh braking event as it starts and the hard turning event at about 20 seconds.

We can all relate to the fact that driving while upset or angry will bring out aggressive driving habits. We are not suggesting that you spend a lot of time evaluating in cab driver footage, but noticing the body language that indicates attitude during your routine review of event triggered video could help you to identify drivers that need some coaching or encouragement. Over time a Manager can learn a lot about a drivers strengths and weaknesses by viewing the in cab video. Also, if you are concerned there might be issues with a driver, a quick review of in cab footage may give you some perspective regarding those concerns.

How Will Your DashCam Investment Pay Off?

DashCams certainly provide the measurable dollar ROI, but they can also be used to capture the more elusive human ROI. By better understanding through video things like job satisfaction, driver loyalty, anger issues, depression, and customer satisfaction skills, management can get to know employees that they have little personal contact with. That may be the greatest ROI of all.

Vehicle & Asset Telematics
Electronic Forms
Mobile Viewing
Routing

Tell Us Your Story!

We Hear a Lot of Great Success Stories

Fleetistics is sponsoring a contest for a chance to win an Amazon gift card when you tell us your story. We hear lots of great stories from our customers, all kinds of stories actually. Things like amazingly quick recovery of a stolen vehicle, litigation avoided after a collision based on telematics data, and one customer reported discovering that his clients with the prettiest receptionists always received much longer stops than others.

Tell Us Your Story

With that in mind, tell us your story!

We want to hear your GPS tracking success story. Your experience could be exactly what someone else needs to know, so tell us your story for a chance to win a $50 Amazon gift card. Even better, have your story featured on Fleetistics’ Blog with a link back to your business. Only Fleetistics’ customers are eligible to win.

Put those writing skills to work and tell us your story today. Email it to contact@fleetistics.com. Deadline for submissions is January 29, 2021. We will select a winner from the submissions we receive to tell your story in an upcoming blog post. Your name, logo, and a link to your website (with your approval) will be posted as well. We look forward to hearing about your success with telematics and sharing your story with others. So send us your story today!

Vehicle Cameras for Fleet Management

Vehicle cameras are becoming more and more popular as a fleet management tool.

Rosco vehicle cameraAs with any new tool, it takes time to understand the best ways to leverage camera use on your fleet vehicles. When selecting and setting up your vehicle camera system, managing consumption to avoid data overage needs to be considered. Ask yourself some questions when you begin. What information will be most beneficial to you in video format? How do you plan to use it? Who will be responsible for reviewing it?

There are several different types of camera systems, designed for different purposes, and it is important to select the system that will record and deliver the specific type of video record you need. No longer are cameras just a risk management measure to have a record in case of an accident. Forward-facing cameras monitor the road and potential hazards in front of the vehicle. They can stand alone, or be used with peripheral cameras. Some systems also have an interior view of the cab to record what the driver is doing. Adding side, rear, and cargo area cameras can provide valuable information as well as security. Our camera systems integrate with the Geotab tracking platform for fuller functionality.

Automatic Event Recording

Vehicle cameras designed to record events are primarily used to document the conditions an event occurs. Events may be predefined by the camera system or you can define them yourself when integrated with your vehicle tracking system. Being selective about how many of your rules generate email notifications helps to limit unnecessary email overload. In the same way, be selective about the rules you choose to trigger video downloads to avoid data overage. Speeding is a common rule that you may want to trigger a video download, but if you have several speed rules, choose carefully the one that triggers the video. A rule like 5 mph over the posted speed limit can trigger often and use up your data plan in a hurry.

 

Vehicle camera

Cameras with AI

Other vehicle camera systems use artificial intelligence to identify events. They can identify speeding, lane drift, following too closely, even road obstructions. Combined with a smartphone app, these systems give feedback to the driver to avoid potential hazards. With an in-cab view, cameras with AI can also identify and record cell phone use and smoking events.

 

 

Live Feed

Some business models such as the Security industry may benefit from live feed capability from vehicle cameras. Supervisors can view live video to consult with and advise the field employee. Managers can view job site progress and several jobs without leaving the office. Live feeds need to be used responsibly. If you forget to turn off the feed and leave for lunch, extreme data overage is the likely result.

You can see examples of video from a variety of cameras as well as installation tips on our YouTube channel.

Monitor your Data Consumption

If your system offers a feature to monitor how much data you have used, check weekly to see that you are within your data plan limits. Becoming familiar with how much data you are using will allow you to get the most out of your vehicle camera system without incurring costly overages.

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Dashcam Catches Flying Car

Upper Deck Parking

Car jumps median, caught on dashcam
“Recreational marijuana slows response time and will lead to increased accidents.”

A Car Somehow Crashed Into the Second Story of a California Building

Source: Time.com

A dash camera caught a car traveling at a high rate of speed crashing into the second story of a dental office. The car hit the median at a which acted as a ramp, launching the car into the second story office. The passengers were relatively unharmed and one person was able to escape from the vehicle before fire rescue arrived. The passengers admitted to being literally high on narcotics.

Dash cameras are about the only defense a fleet operator has to combat a wild story such as this. The Fleetistics GPS tracking system, includes telematics and HOS but can also be integrated with in vehicle camera systems to capture exact information during an accident. GPS tracking is great but there are behaviors and situations that a dash camera can prove invaluable. When it comes to proving your innocence, there is nothing like having dash camera video. The flip side it, dash camera video can be subpoenaed and quickly be used against you. If your company is focused on fleet safety, a dash camera system is a good investment.