DO YOU KNOW HOW MUCH REVENUE IT TAKES TO OFFSET FLEET ACCIDENT COSTS?
The National Highway Traffic Safety Administration (NHTSA) estimates that the average, non-fatal vehicle accident costs employers over $16,000, including physical damage, bodily injury, sick time, workman's compensation, lost sales and productivity, and recruitment and training to replace permanently disabled drivers.
Use this calculator to see how much extra sales revenue your company needs to generate to make up for the profits lost as a result of fleet accidents. Enter the number of accidents your fleet had in the last 12 months and your company's operating profit margin and click "Calculate". The calculator defaults to $16,000 for the average accident cost and 10% for the operating profit margin, figures that may be higher or lower for your company. You may enter different figures for either number.
Compare this to investing in a safety and risk program that could help drive down vehicle accident rates for your organization.
*Figures based on NHTSA Study: The Economic Impact of Motor Vehicle Crashes, 2000