According to the National Safety Council (NSC), motor vehicle collisions are the leading cause of death and injury in the workplace. A report from Motus, a vehicle management and reimbursement platform, found that the number of auto accidents and injuries remain at record-high levels, and 40% of vehicle crashes are work-related.
The cost of just a single car crash could easily cost your company over $1.4 million. Even a minor collision can result in some big expenses to all involved. OSHA reported that the average car accident will cost an employer around $16,500, however, an on-the-job crash that results in an injury can cost upwards of $74,000. The cost of a fatality or serious injury due to a car accident could cost the company $500,000.00 or more.
OSHA reports that car accidents can cost a company around $66 billion in lifetime medical costs alone. The lifetime work lost from these car accidents amounts to an estimated $33 million as well. These sobering statistics make it clear that this is an issue all employers should be concerned about.
Direct Costs of a Vehicle Crash
The Motus study reports that in 2017, vehicle accidents cost employers $56.7 billion. Some of the potential expenses to companies after an employee in injured in a car crash include:
- Medical costs
- Workers’ compensation
- Insurance increases
- Liability claims
- Leave wage replacement
- Property damage
- Vehicle repairs
Indirect Costs of a Vehicle Crash
When an employee is injured in a car accident, 53% of those employees will miss work, leading to a number of potential indirect costs to your company including:
- Personnel re-assignment and training
- Overtime pay for workers covering for absent staff
- Loss of business due to bad publicity
- Impacts on product or service quality
- Production delays
Given all these dire potential impacts, it is surprising that only 42.6% of companies require employees driving company-owned vehicles to participate in driver safety training programs.
Reducing Risk with Driver Training Programs
Many car collisions and the costs associated with them are all largely preventable. To estimate how much you’d benefit by starting a corporate driver training program, calculate the costs your company has already incurred due to employee accidents.
By providing corporate driver training to your employees, you’ll help reduce the occupational driving risks they face every time they get behind the wheel. Companies who invest in driver training for their employees see positive impacts like a reduced number of motor vehicle crashes, more seat belt use, fewer workers’ compensation claims, and most importantly, saved lives.
DriveTeam’s corporate driver training has helped reduce corporate motor vehicle crashes by 35% or greater annually and lower costs for your company. DriveTeam’s hands-on, interactive approach has helped many companies, large to small, improve the safety of their staff. Contact us for more information.