Motor vehicle crashes cost US employers over $60 billion annually in medical costs, legal expenditure, property damage, and lost productivity. While costs by state and Industry vary, on-the-job crash injuries (fatal and non-fatal) amount to about 6.5 percent of all crash injuries. As a result, the cost of workers’ compensation, Social Security benefits, health and disability insurance continues to rise. An investment in a comprehensive motor vehicle accident prevention program can be a winning approach to reducing these expenses and an effective tool for helping limit your company's liability exposure.

Consider the SavingsAccording to the National Highway Traffic Safety Administration’s report entitled “The Economic Burden of Traffic Crashes on Employers” (request a free copy of the 35-page report on the author's web site), the average crash costs an employer $16,500. An employee that has an on-the-job crash resulting in an injury, costs their employer $74,000. In the case of a fatality, costs often go beyond $500,000. Additionally, off-the-job crashes not only affect individual employees, they are costly to the company as well. The aforementioned NHTSA report had this to say about potential financial benefits, “Traffic safety programs are an alternative to reduce health care expenses to employers without reducing the benefits offered to employees. Protecting employees from motor vehicle crash injury can be a profitable investment of time and resources”.

Companies that utilize a crash avoidance program often realize immediate benefits due to the positive return-on-investment (ROI) from a well-designed safety agenda. Consider the findings of Liberty Mutual Insurance Company’s report entitled “Executive Survey of Workplace Safety”. In their study, they found approximately 61 percent of questioned business executives think their companies receive an ROI of $3.00 or more for every $1.00 spent on improving worker safety.

Protecting Valuable AssetsMost well informed employers understand their employees are critical to the success of their business. Showing a commitment to protecting the safety and welfare of valuable workers can go a long way to help improve employee work satisfaction and retention. If your company happens to be a professional transportation or delivery business, the benefit can be even greater. With the extreme shortage of qualified truck drivers, focusing on employee wellbeing can aid in the reduction of a major cost and time encumbrance…truck driver turnover.

“The costs associated with hiring and training new drivers is much better spent on furthering the safety and wellness of our employees’, noted Mark W. Kadlec, VP of Human Resources & Safety at Distribution Technologies, Inc. (www.disttech.com). Headquartered in Newbury, Ohio this bulk transport company is an example of a professional carrier benefiting from a highly focused vehicle safety regimen. Consistently recognized by the National Tank Truck Carriers (NTTC) for operating one of the country's safest fleets, DistTech has received the prestigious NTTC Outstanding Performance Trophy six times. Kadlec furthers, “Documenting procedures, on-going safety training and the use of advanced technology allowed DistTech to improve its safety record for 15 consecutive years. Investing in state of the art driver fatigue monitors and video camera systems to alert our drivers of a potential collision, are just two examples of how we protect our employees, our assets and our customers.”

Motor vehicle crashes cost US employers over $60 billion annually in medical costs, legal expenditure, property damage, and lost productivity. While costs by state and Industry vary, on-the-job crash injuries (fatal and non-fatal) amount to about 6.5 percent of all crash injuries. As a result, the cost of workers’ compensation, Social Security benefits, health and disability insurance continues to rise. An investment in a comprehensive motor vehicle accident prevention program can be a winning approach to reducing these expenses and an effective tool for helping limit your company's liability exposure.

Consider the SavingsAccording to the National Highway Traffic Safety Administration’s report entitled “The Economic Burden of Traffic Crashes on Employers” (request a free copy of the 35-page report on the author's web site), the average crash costs an employer $16,500. An employee that has an on-the-job crash resulting in an injury, costs their employer $74,000. In the case of a fatality, costs often go beyond $500,000. Additionally, off-the-job crashes not only affect individual employees, they are costly to the company as well. The aforementioned NHTSA report had this to say about potential financial benefits, “Traffic safety programs are an alternative to reduce health care expenses to employers without reducing the benefits offered to employees. Protecting employees from motor vehicle crash injury can be a profitable investment of time and resources”.

Companies that utilize a crash avoidance program often realize immediate benefits due to the positive return-on-investment (ROI) from a well-designed safety agenda. Consider the findings of Liberty Mutual Insurance Company’s report entitled “Executive Survey of Workplace Safety”. In their study, they found approximately 61 percent of questioned business executives think their companies receive an ROI of $3.00 or more for every $1.00 spent on improving worker safety.

Protecting Valuable AssetsMost well informed employers understand their employees are critical to the success of their business. Showing a commitment to protecting the safety and welfare of valuable workers can go a long way to help improve employee work satisfaction and retention. If your company happens to be a professional transportation or delivery business, the benefit can be even greater. With the extreme shortage of qualified truck drivers, focusing on employee wellbeing can aid in the reduction of a major cost and time encumbrance…truck driver turnover.

“The costs associated with hiring and training new drivers is much better spent on furthering the safety and wellness of our employees’, noted Mark W. Kadlec, VP of Human Resources & Safety at Distribution Technologies, Inc. (www.disttech.com). Headquartered in Newbury, Ohio this bulk transport company is an example of a professional carrier benefiting from a highly focused vehicle safety regimen. Consistently recognized by the National Tank Truck Carriers (NTTC) for operating one of the country's safest fleets, DistTech has received the prestigious NTTC Outstanding Performance Trophy six times. Kadlec furthers, “Documenting procedures, on-going safety training and the use of advanced technology allowed DistTech to improve its safety record for 15 consecutive years. Investing in state of the art driver fatigue monitors and video camera systems to alert our drivers of a potential collision, are just two examples of how we protect our employees, our assets and our customers.”