HR Management

Managing Your Vehicle Fleet: The Top 4 Things You Need To Know

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When you expand your business, you may look at different ways to make the most of people you have working for you on the front line, most likely sales based roles. A company vehicle may be an excellent option for this. And your fleet may not just involve cars, but may expand to vans as you tale control of logistics and delivery methods within your business. Keeping everything under one umbrella may sound like the right approach, but there comes an added responsibility for your fleet of vehicles. So what could you take into consideration? Here are some of the things to remember.

The Right Level Of Insurance

One of the first things that you may need to think about would be to ensure that you have the right level of insurance in place. This may need to take into account the amount of vehicles on one policy, the value of these vehicles and also the registered drivers and their credentials. You may find that the excess is particularly high, but in the grand scheme of things one policy to cover everything could be more cost effective. Having the right level of cover protects you as a business, it is your asset, but in the hands of someone else.

Tracking Your Fleet

It is also important for you to remember that you may need to have some form of tracking system in place for the vehicles when they are out on the road. This can help for a number of reasons. With vans and trucks, it could give you an indication on delivery times and how many deliveries are possible in one day. With vehicles and cars it can help you to understand the level of mileage and areas covered. A telematics company can put in place a system for these very reasons can thrive you all of the tracking information that you need in one place.

Making Sure People Are Accountable For Their Driving Behavior

One of the biggest worries when it comes to having a fleet of vehicles for your company is the trust element. These are assets of your business, but you will be trusting others to use them carefully. Having the right level of driver guidelines in place can help you to feel more assured. You may also want to draw up a set of guidelines that drivers sign so that they are accountable. This is for things like speeding fines, driver behaviour and also any accidents that they may end up being involved in.

Costs And The Future Β 

Finally, you also need to take into account the costs. Any vehicle can be a depreciating asset, and the value they once had in a few years time will be less. It is important for you to depreciate the asset within your accounts and be more aware of the realistic value. This can help with future costs and also factoring in investment for when these vehicles might need replacing in the future.

Let’s hope these tips have you more aware when it comes to managing a vehicle fleet in your business.

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