This blog from Federated Insurance notes: “A devastating company-vehicle crash can leave a lasting impact at your business in more ways than you may realize. Businesses may need to consider the negative repercussions stemming from “social inflation,” or, negative public sentiment and mistrust towards businesses among jury members. They may also need to contend with “nuclear verdicts”–an award significantly higher than would be expected given the facts of the case.”
With the costs of nuclear verdicts continuing to rise, your business may be on the line. Advice from Federated Insurance: Train employees properly and create a strong company driving policy to help avoid crashes and keep your employees—and your business—safe.
The blog offers tips for creating a strong driving policy, and notes:
“Communicate, demonstrate and enforce your policy. Every employee should be trained, and regularly retrained, on your driving policy. Be sure to keep records of any trainings that are completed by employees. Lead by example, and present information in a fresh and memorable way to increase retention. Follow through on the consequences of consistently failing to comply with your company driving policy.”