The road can prove to be an unforgiving structure – both physically as well as financially. Till date, the most expensive road mistakes’ list has been topped by vehicle accident lawsuits. The risk has been exacerbated by the facts that more and more drivers are using electronic devices even while driving. An interesting theory we come across in this regard is the Negligent Entrustment theory. According to this, entrustment is a wholesome legal concept where the employers are solely responsible for their own negligence. Now in most countries, a company or the employer is held against the court of law only in case of a negligent entrustment. So it is mandatory for a company to take all steps necessary, in advance to come clean in such a situation. It is crucial in this regard that you understand the liability issues before being thrown in the middle of such a situation. A comprehensive road risk insurance which covers everything can help you better.
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How important are MRVs?
Motor Vehicle Reports or MRVs are one of the mandates when it comes to an efficient fleet business management. This is more like a report card of your driver, it clearly states if your employed driver has poor driving record and lets you gauge the risks posed by the same.
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Background checks on the drivers
Always watch out for criminal records and of course authenticate the qualifications the new as well as the old drivers provide. This is vitally important for avoiding a negligent entrustment lawsuit.
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Driver training
This may seem like an unnecessary and cumbersome process in the beginning, but again it is another vital point that is never to be neglected if you want to keep the nasty lawsuits at bay. Either employ properly trained and experienced drivers or employ new ones but give them proper training that is completely a must. They should know about current policies, rules and technologies.
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Fleet insurance
This is no longer a fancy term for excess cost when it comes to fleet management. It is as necessary as fuel when it comes to running your chauffeur business. This will protect you in case of any unprecedented mishap and also save you from paying huge compensations to third parties in case of claims. Most of the policies are flexible; allow annual payment instead of monthly to save you some good cash. Also they allow payment via credit cards without charging any extra for credit transactions. Feel free to bargain for you needs, haggle a little and be sure to window shop before you make your buy.
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Vehicle maintenance policies
Although it may not seem apparent to you, but vehicle maintenance is not only a necessity but it is also a preventive measure. Better the condition of vehicles, lesser the chance of mishaps. Also regular papers from maintenance services will serve as testimony against any negligence lawsuit claims. Moreover this makes sure that the premiums you pay for your chauffeur insurance are low, since the chances of accidents owing to poor condition of vehicles is minimised.
Once you know the factors that lead you to the road of exuberant and superfluous expenditure, it should be easier for you to safeguard your successful business against them.
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