Loss Control Insights & Risk Management Tips

New challenges for the new year include maintaining driver retention, availability of trucking equipment and the changing motor carrier/owner-operator relationship.

The potential for misuse or unapproved operation of NIL vehicles is substantial and can expose a dealership to significant liability.

Whether you lead a fleet or operate an auto dealership, the threat of negligent entrustment is there. Negligent entrustment is a legal concept that addresses the act of putting someone in control of a vehicle or equipment without verifying their ability to operate it properly or providing training.

The potential financial benefits of good loss control practices can be significant. A company culture focused on risk management can help prevent higher deductibles and insurance premiums, as well as loss of business, while maintaining customer satisfaction.

The COVID-19 pandemic has required us all to modify our practices and adapt to changes on a personal and business level.