GPS Tracking Can Help Lower Insurance Costs

There are many cost saving benefits to having a GPS fleet tracking solution. While you can save substantially by cutting down on wasted fuel and labor, you can also reduce the amount of money your company is spending on insurance premiums.

Many insurance companies recognize that when a company installs a GPS fleet tracking system, it means that they are serious about reducing risk. After implementing GPS fleet tracking software you are able to keep a close eye on driver behavior, locate stolen vehicles, and ensure that your trucks are safe by staying on top of regular maintenance.

 

Insurance Discount

Insurance companies are committed to good driving behavior and ensuring safety on the road. Implementing GPS fleet tracking will show them that you are committed as well. Most insurance carriers will recognize companies who apply a GPS fleet tracking solution to their fleet and will give them up to a 15%  insurance discount.

Simply install a GPS fleet tracking device with a sufficient number of your vehicles, and start saving on your premiums. You can find a range of potential discounts from insurance providers such as Liberty Mutual, Travelers, Zurich North America and The Hartford.

 

How GPS Fleet Tracking Helps

The application of a GPS fleet tracking system will result in a significant decrease of hazardous driving behaviors. GPS fleet tracking provides you with instantaneous alerts to your cell phone and email that will notify you when one of your drivers is speeding or driving erratically. This will help you to stay on top of unsafe driving habits and to cut down the number of accidents and citations your fleet encounters.

With real-time tracking, you no longer have to wonder where your vehicles are. If one of your vehicles becomes lost or is stolen, GPS  fleet tracking gives you immediate insight into your vehicles location. Retrieving your stolen vehicles quickly gives you a better probability to also recover expensive assets that you may have on-board the vehicle.

GPS fleet tracking will also help you to keep an eye on when your vehicles having upcoming or overdue maintenance requirements. These friendly reminders will tell you or your drivers when a vehicle is ready for an oil change or tire rotation, to help prevent any dangerous situations on the roadway.

Call Boston Global Tracking to get more information on how you can start tracking your fleet today.

Making a Case for Asset Tracking

You just went out and made a huge investment: brand new trailer and Bobcat.  Now imagine finding out your Bobcat and its trailer has gone missing. It was there on Friday now its gone on Monday. This equipment is worth well over $100,000 altogether, causing instant panic.  This is where asset tracking comes into play.  By tracking you significantly increase your chances of recovering your stolen assets instead of having to replace them.  No downtime, no insurance hassles.  Another huge factor is unauthorized use of equipment.  With asset tracking owners can now monitor equipment and be notified if it is being used without authorization.

Asset tracking is one of the additional features that a full featured GPS tracking company can provide for your business.  When choosing a company make sure that you have the ability not only to track your vehicles but assets as well.  The ability to expand, easily create reports and local service are factors to consider.  Not all companies are the same.  Choose one with good history and a local presence to provide your service.

For more information about asset tracking and all types of tracking needs contact Boston Global Tracking, www.bostonglobaltracking.com 508-341-5115.  Ask for Robert

 

5 Reasons To Use A Mileage Tracking And Fleet Management App

Found this article in Forbes online by Steve Olenski.  Covers some great points on the advantages of GPS tracking.

Tracking mileage for business used to involve notebooks, scraps of paper and even napkins from fast food restaurants – admit it, you’ve done this, I know I have. After recording the mileage, you might have had to do the math on your watch calculator to figure out the difference between your beginning and ending points.

Thankfully, technology has come to the rescue and given us apps that can streamline the process of tracking mileage, reporting expenses and fleet management.

Here are some reasons to use a mileage tracking and fleet management app for your business:

1. Mobile Device Capability

Instead of supplying your employees with bulky laptops, apps allow them to use a mobile phone or tablet to track mileage. Once connected with a Bluetooth device, apps will automatically begin recording the mileage and will automatically stop recording when the vehicle is stopped. Users will also have the ability to track locations with GPS. Another feature of having a tracking app on your mobile device is that you can sync data between a mobile device and web services. Apps also have the ability to record the route taken and show it on maps. Be sure to know what the laws are in your state for using a mobile device while operating a vehicle, and provide drivers with a dash mount or hands-free device.

2. Ability to Create IRS Compliant Reports

Apps like TripLog allow you to create reports that are compliant with IRS rules. You are allowed to deduct $ 0.575 per mile, but in order to claim this deduction, and save hundreds or thousands in taxes each year, you must keep detailed records. The IRS requires you to keep receipts for any business or vehicle expense over $75, and a tracking app can give you the ability to take a photo of the receipt and upload it to the cloud for safe keeping. Using an app that has the ability to create IRS compliant reports will help you claim the highest number of exemptions.

Other vehicle expenses include fuel, parking, tolls, maintenance, insurance, registration, etc. Other business expenses include meals, lodging, gifts, travel and many others. Local service companies like Home Inspection All Star rely on mileage tracking for their day to day operations.

3. Connecting with Accounting Software

Using a tracking app can spare you the effort of inputting data into spreadsheets by connecting with and uploading mileage and expense data directly to Intuit QuickBooks. This allows for easier and quicker mileage reimbursement to your employees. You will also have the ability to upload other expenses like parking receipts.

4. Knowing Where Your Fleet Is

If your business has a large fleet of vehicles, a tracking app can show you the location of every vehicle in your fleet, down to a specific parking spot. You can see real-time driving routes and locations for each driver in your fleet. Drivers can also share trips on Facebook, Twitter and GoogleMaps/Earth.

5. Saves Money and Time

Keeping records of repairs and maintenance to your fleet can save you lots of money by eliminating redundancy and oversight of needed repairs. You’ll avoid costly repairs that could have been prevented by performing scheduled maintenance, and also track the costs so that you can compare and save. Many apps allow you to record and compare fuel costs and gas mileage for all of the vehicles in your fleet.

There are also apps that allow your employees to drive safer by alerting to road hazards, accidents and bad weather. You can also track the speed at which the vehicles in your fleet are traveling, alerting you to drivers who are breaking the law and being reckless. Safer driving prevents accidents, which keeps insurance costs down and keeps your vehicles on the road, saving you the time and money involved in repairing or replacing a vehicle.

 

 

 

 

10 Ways to Improve Your Business with GPS Tracking

GPS tracking can do more than improve your fleet operations, it can help improve your entire business. The benefits of implementing a GPS tracking system extend beyond the day-to-day operations that fleet managers and drivers use the technology for, allowing you to get more from your business than you ever thought possible.

1. Maximize Labor – For many businesses, payroll is one of the biggest overhead expenses. Using a fleet tracking system to improve driver accountability translates to higher profits because you can ensure that your employees are actually working while they’re on the clock. This is not just limited to driving. Monitoring PTO events can help in industries that use heavy equipment.

2. Minimize Fuel – In the long run, fuel prices are only going to increase. This means that fleet managers and business owners must change habits and increase efficiency to help control fuel budgets.

3. Speed Up Billing – Good managers know that the faster you can send bills, the faster you get paid, which means better cash flow and more control overall. With GPS tracking, administrative staff members have the power to bill faster with less errors.
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4. Reduce Insurance Costs – Insurance companies love GPS tracking systems because they help reduce accidents, improve driver accountability, and allow companies to enforce safety policies. You get all of these benefits plus lower insurance rates.

5. Improve Customer Service – The more quickly and efficiently you can provide service to your customers, they happier they will be. This translates to more loyal customers, more referrals, and ultimately more revenue for you.

6. Operate More Efficiently – Maximizing efficiency is one of the best ways to boost the bottom line. Faster dispatching, optimized routes, and easier time tracking all help your business become more efficient.

7. Protect Your Assets – Vehicles are valuable assets that are not always easy to replace, especially for small businesses. Fleet management software helps you prevent theft and abuse, and keeps equipment in top shape with maintenance reminders.

8. Be More Flexible – Business owners can track fleets on the go.This is especially useful for owner-operators who need to monitor activity while in the field themselves.

9. Be Green – Reducing your environmental footprint is becoming more important than ever, especially for businesses that want a competitive edge.

10. Understand Your Business Better – Robust reporting tools and driver analytics allow you to truly understand how your fleet operates, which means you have all the information you need to make important business decisions.

Robert is owner of Boston Global Tracking. Helping many businesses by providing GPS tracking.

GPS Fleet Tracking Can Lower Your Insurance Costs

There are many cost saving benefits to having investing in a GPS tracking system. While you can save substantially by cutting down on wasted fuel and labor, you can also reduce the amount of money your company is spending on insurance premiums.

Many insurance companies recognize that when a company installs a GPS fleet tracking system it means that they are serious about reducing risk. By implementing GPS fleet tracking software you are able to keep a close eye on driver behavior, locate stolen vehicles, and ensure that your trucks are safe by staying on top of regular maintenance.

Insurance companies are committed to good driving behavior and ensuring safety on the road. Implementing GPS fleet tracking will show them that you are committed as well. Most insurance carriers will recognize companies who apply a GPS fleet tracking solution to their fleet and will give them up to a 15% insurance discount!

Simply install a GPS fleet tracking device with a sufficient number of your vehicles, and start saving on your premiums. You can find a range of potential discounts from insurance providers such as Liberty Mutual, Travelers, Zurich North America and The Hartford.

The application of a GPS fleet tracking system will result in a significant decrease of hazardous driving behaviors. GPS fleet tracking provides you with instantaneous alerts to your cell phone and email that will notify you when one of your drivers is speeding or driving erratically. This will help you to stay on top of unsafe driving habits and to cut down the number of accidents and citations your fleet encounters.

With real-time tracking, you no longer have to wonder where your vehicles are. If one of your vehicles is stolen, GPS fleet tracking gives you immediate insight into your vehicles location. Retrieving your stolen vehicles quickly gives you a better probability to also recover expensive assets that you may have on-board the vehicle.

GPS fleet tracking will also help you to keep an eye on when your vehicles having upcoming or overdue maintenance requirements. These friendly reminders will tell you or your drivers when a vehicle is ready for an oil change or tire rotation, to help prevent any dangerous situations on the roadway.

Your Vehicles and Liability

Why Buy Commercial Auto Insurance?

In most states, you’re required to have this type of auto insurance for your business. The coverage limits vary by state, but often equal the limits set for personal auto liability insurance.

Depending on the size and financial stability of your company, one serious accident caused by an employee in a work capacity can put your company in jeopardy―especially if there’s a lawsuit involved. Commercial insurance can help safeguard your business from this threat.

Even if you have a one-person business that involves the transportation of goods or people, you likely need the protection of commercial liability auto insurance.

How Much Liability Coverage is Enough?

That’s a question you should discuss with your insurance agent or company, or some other trusted source who is familiar with your business. However, many experts recommend you have at least $500,000 of liability coverage per vehicle.

Again, though, this varies with the nature of your business, your assets, and how easily your business can absorb losses. Keep in mind, though, insurance protection becomes relatively cheaper the higher it goes. In other words, a million dollar policy won’t be twice as expensive as a $500,000 policy.

And, you could purchase an umbrella policy―which is fairly inexpensive―for additional protection after your commercial auto policy leaves off.

Do You Need Business Auto Insurance?

This matter should be discussed with an insurance agent or a financial professional with experience in this area.

But, if you answer “yes” to the following two questions, you likely should have commercial car insurance:

  1. Do I derive income from this business?
  2. Do I frequently use my car in association with this business?

Commercial car insurance can apply to a diverse group of professions, including:

  • Plumbers
  • Landscapers
  • Couriers
  • Delivery (pizza, flowers, etc.)
  • Electricians
  • Salespeople
  • Realtors
  • Truckers
  • Tow operators

Just because your profession isn’t listed doesn’t mean you can avoid business car insurance.

Do you work for a company as an employee or independent contractor, and use your vehicle or a company-owned vehicle to perform your job? Check with the company to see if you’re covered by their auto insurance policy, and to what extent. You may need your own commercial auto policy to safeguard yourself while on the job.

When Does Employer Liability Arise?

There are two main ways that an employer can be held liable for a car accident caused by an employee: negligence on the part of the employer and vicarious liability.

Employer Negligence

Employer negligence may involve, for instance, negligent hiring of the employee or negligent supervision of the employee. When a company hires someone that they know will be driving a company vehicle, the employer has a duty to exercise reasonable due diligence in order to make sure that the employee is a safe driver.

At a minimum, if the employee is going to be driving a commercial vehicle, the employer should make sure that the employee has a commercial driver’s license that is in good standing and that has not been suspended. Many employers also take additional precautions like checking a past driving record or performing drug testing.

Negligent Supervision

Negligent supervision is another way in which an employer can become responsible for employee accidents. Employers should have reasonable safety policies in place and should make sure all of their drivers comply with safety laws. This means if an employer has truck drivers working for him/her, the employer should make sure the drivers follow logging requirements set by federal and state law and that cargo is properly weighted and loaded. If an employer fails to check and make sure that the employee is exhibiting reasonable care and skill in doing the job required, then that employer is liable for negligence.

Vicarious Liability

Vicarious liability doesn’t necessarily require that the employer was negligent in any way themselves. Vicarious liability is a doctrine of law that asserts that the actions of an agent are essentially the same as the actions of the principle directing the agent. This means that an employer is considered to be the “principle”, and when the employer tells employees (the agents) to do something, it is just as if the principle is the one acting. Of course, this rule only applies if the agent is actually in the process of doing something for the principle at the time when the accident happened.

For example, if an employee is sent to the store to pick up copies and got into an accident on the way to picking up those copies, then the employer could be liable. If the employee decides to stop for coffee on the way back and gets into an accident while getting coffee, he/she isn’t acting on behalf of the employer/agent, so the employer usually won’t be responsible. There are also usually exceptions that an employer will not be liable for intentional bad acts done by the employee, so if the employee decides he wants to run someone over, the employer won’t be at fault.

In any event the employer, although my not be at fault, will usually be part of a lawsuit with the thinking that a corporation may just settle rather than go to trial.  It is advisable that all businesses have in place specific driver safety programs in place and complete written handbooks on what is and is not acceptable use of the vehicle, especially if the vehicle is taken home at night with the driver.  Many insurance companies will give discounts for safety programs and related devices in the vehicles.  Business owners should contact their agents for more details.

Robert Drucker owns Boston Global Tracking and believes in a “trust but verify” when it comes to dealing with drivers and company vehicles.  He can be reached at robert@BostonGlobalTracking.com