Cost increases are commonplace in the logistics sector, including insurance premiums for the fleet of vehicles. If damage occurs, it often has a direct impact on the core business. A vehicle that is out of commission leads to immediate revenue loss. How can you limit the damage? And what should you do to avoid even more expenses?
The logistics sector is struggling with ever-increasing costs and expects another increase of between 6% and 9% this year, excluding fuel costs. Fuel costs have risen by as much as 16% compared to 2022. It is, therefore, not surprising that many entrepreneurs are implementing a fuel or energy clause to cope with price increases. Additionally, you want to limit other costs such as damages to your transport equipment and fleet. Hence, in this blog, I will provide 5 tips to reduce costs – based on our years of experience.
1. Speed, clarity, and tone of communication.
A quick response with sufficient understanding of everyone’s situation always delivers the best result in the event of a claim. Your own employee, any other party, actually all involved parties benefit from clarity regarding the settlement of damages.
2. Make use of digital resources.
Where possible, you can consider remote damage determination. Many simple damages can be accurately assessed and calculated through current modern techniques from a distance. This reduces costs, provides quicker damage assessment, and is also more sustainable.
3. Handle damage assessment and repair smartly.
Find a partner who thinks smartly about determining the damages, so that downtime of your vehicle can be avoided. Bundle your repairs and make a thoughtful choice for drivable damage (e.g. optical or paint damage).
4. Utilize data analysis to prevent damages.
Analyze where, when, and with which vehicles damage has occurred in the past. This way – with or without the help of an expert agency – you can look for trends: routes, drivers, parking areas, and other factors that contribute to the damages. Create a complete and accurate overview of all your separate damages and calculate the total amount to make the right decision regarding involving the insurer.
5. Engage a certified organization for your claim handling expertise.
By collaborating with a NIVRE certified organization, you are assured of quality and accurate execution of the calculation.
Many companies are missing out on oppertunities
In the Netherlands, many claims are settled in the business segment. When it comes to damage that affects business processes, it is important to reach an adequate claims settlement as quickly as possible. However, many companies miss opportunities to reduce costs, for instance due to lack of knowledge, outdated systems or unfamiliarity with the possibilities.
I hope my tips will help you minimize the costs associated with the damages.
