Risky Business: What Every Employer Needs to Know About Driver Liability

Every time your employees get behind the wheel for work—whether in their own car or a company vehicle—your business is exposed to risk. With vehicle insurance rates surging 22% year-over-year and 1 in 7 drivers now opting to forego insurance entirely, the stakes for companies have never been higher. Many employees who do have insurance are turning to low-cost policies that leave them dangerously underinsured, and in the event of an accident, their employer could be left footing the bill—an average of $75,000 for non-fatal incidents. Are your drivers among those at risk? And more importantly, would you even know if they were? In this episode of SAP Concur Conversations, join host Jeanne Dion and Jonathan Steele, Director of Product Management at Motus, as they explore the hidden dangers of driver risk. They’ll discuss real-life stories where businesses learned the hard way about the cost of overlooking compliance, driver safety, and insurance verification. Jonathan will also share actionable strategies that can help you get ahead of these risks, from building a seamless mileage reimbursement program to deploying proactive monitoring tools that protect both your employees and your bottom line. Hosted on Acast. See acast.com/privacy for more information.