Vehicle Risk Management: Turn on tips to make the most of your vehicle and minimize risk.

"Better to prevent than to fix" is a quote but meant as a reminder of this straightforward lifestyle. And for vehicles, this quote is at the heart of the principle of vehicle risk management or vehicle risk management . All vehicles, vehicles, and items or related persons are safe and operating smoothly at all times.

If you own a vehicle or are a corporate vehicle operator Managing vehicle risks should be a highly regarded task. 

Because of the reduction of sudden vehicle breakdowns or accidents of all kinds. Reduce repair costs Lack of opportunity to use the car to work, or even damage to morale that is difficult to estimate in advance. 

Cartrack article now invites you to know Fleet Risk Management Topics to know and risk management methods that car owners or carcare officers can easily follow.

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What are the tasks of fleet risk management?

Fleet risk management ranges from overseeing and managing all relevant risks, monitoring new risks, and managing deterrence from before starting. 

The tasks or functions of vehicle risk management work consist mainly of:

• Establish safety policies and enforce them vigorously to strengthen driver safety and reduce the risk of accidents.
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• Provide driving training for drivers to enhance safe driving skills and promote compliance with traffic rules and discipline.
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• Track past vehicle operations and usage to reduce the risk of sudden breakdowns and increase cost-effectiveness.
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• It uses tracking technology that records and analyzes modern vehicle usage such as telematics, such as driving behavior and vehicle capabilities.
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• Manage car policies to reduce the financial risks involved.
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• Keep track of traffic law updates regularly.

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What are the common vehicle risks?

1. Severe collision and collision accident
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2. Higher than normal vehicle repair costs
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3. Injuries and deaths
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4. Legal expenses, medical expenses and other expenses
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5. Global fuel prices
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6. Property and property damage
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7. Fines and penalties for violating the law
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8. Car and property theft
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9. Car Fire
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10. Damaged and lost goods
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11. Insurance and premiums

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Did you know? The benefits of risk management are huge!

As soon as the risks are resolved. Using a vehicle can bring many benefits to car owners and businesses. What's included

1. Return On Investment (ROI) is an important piece of information for a business.
   
   The profit from the investment will increase considerably immediately. When the vehicle is put into more use and damage is reduced. When it is used to do more work, it can increase revenue and profit for the business. while the cost is the same.
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2. Reduce car insurance premiums Many insurance companies offer promotions to reduce insurance premiums for insurers whose car has few or no accidents. Because it is considered a good customer who rarely has insurance claims.
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3. One accident can cost a business a lot and many things, including repair costs, fines, or even life and property damage that must be paid to the parties.
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4. Focus more on your work When the risk is less and more secure Workers from all departments will be able to focus more on the actual work.
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5. The work is clearer. By knowing the risks and having a response plan, you can prevent and mitigate them more accurately or make clear work decisions. As a result, work results are improved.

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Get to know fleet management systems that help reduce and control risk.

Currently, businesses or organizations that have a car in use in Thailand. Use a fleet management system to manage the use of vehicles or machinery in the organization because it can manage a large number of vehicles at one time and reduce costs clearly and in a short time. 

Fleet management systems can effectively reduce and control risks. For the following reasons:

Telematics: Telematics technology makes GPS tracking systems installed in vehicles and machinery. Can store functional data driving habits and other desired applications. 

Fleet managers can use the information obtained to quickly identify problems and risks and solve them quickly, effectively reducing risks and damages.

Decision guidance based on real and current data: Fleet management systems gather data or even process compelling information that can be further implemented.

Manage tasks proactively: Fleet management proactively manages vehicle risk, meaning it monitors all data without waiting for orders and alerts you immediately when it finds abnormalities or substandard usage values. 

Proactive management reduces vehicle tracking and monitoring work efficiently because it also reduces human error.

Comply with the law: Fleet management systems can be set up to update with the latest legislation that alerts or regulates vehicle usage and driver actions in accordance with the law. 

For example, if driving must not be consecutive for more than 4 hours. If driving for more than 4 hours The system will notify you into the fleet management system. All information will be recorded in the system as well.

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Cost-effective fleet management system and measurable vehicle risk reduction

Cartrack's fleet management system with modern telematics and AI technologies is designed by engineers and vehicle experts that collect vehicle usage data. Study, analyze, and develop vehicle tracking and operation technology and features based on specific applications that are constantly changing.

• Real-time vehicle tracking
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• Track driving behavior, analyze and propose useful vehicle usage information.
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• Track engine condition and provide automatic maintenance alerts.
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• Schedule usage in accordance with traffic laws, such as tracking driving time, notification of expired insurance, license or contract, warning of unsafe driving.
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• Used in conjunction with on-demand vehicle tracking sensors such as temperature sensors, door opening and closing sensors. Oil Level Sensor Dash cam captures driving behavior with the system. AI card swiping machine syncs data to Department of Land Transport etc

Look for a vehicle tracking system that manages fleets in one place. It ensures that fleet management not only survives, but also profitably generates benefits from use. In a way that can be said to be really worth the investment.

Ask our staff directly at 021362920 , 021362921 Monday to Friday during business hours or click here to contact LINE so that Cartrack staff can get back to you as soon as possible.