How Fleet Operators and Managers Are Dealing With Rising Costs
Tech.co data from July shows that 18% of companies that were prioritizing financial management within their company were doing so by negotiating better premiums with their providers.
This is evidence for how much of a burden rising insurance premiums are when businesses are trying to manage costs, and comes amid other cost worries, such as rising diesel prices.
As a fleet owner or operator, keeping costs down in a rapidly shifting, uncertain climate is essential. In fact, our data shows that one of the priorities of sector professionals is vehicle upkeep, cited by 20% of respondents. Vehicle upkeep prevents issues with vehicle breakdowns, which is essential for ensuring premiums don’t rise.
To upkeep their vehicles, our study showed that professionals are: carrying out preventative maintenance (75%), upgrading or replacing aging components (47%) and addressing mechanical issues (46%).
