The cost of time: How fast action rewards with lower premiums

Learn how fast claims reporting and proactive fleet management can lower fleet insurance premiums, improve safety, and maximize savings.

Accidents can happen in the blink of an eye—but how quickly those accidents are reported and handled can make a significant difference in the outcome, not just for the fleet itself, but also for insurance premiums. At Flock, we believe in rewarding those who act quickly. Here we explain how swift action can translate into premium rebates for fleets.

How Fast Claims Reporting Can Lead to Lower Premiums

When an accident occurs, every moment counts. The faster a claim is reported, the quicker it can be processed and the fleet can get back on the road. Delayed reporting often leads to delayed repairs, prolonged vehicle downtime, and potentially higher repair costs as minor issues may escalate. Delays also increase the risk of discrepancies in the claim, making it harder to accurately assess the facts, which could lead to disputes or prolonged claim settlements—resulting in increased courtesy vehicle costs.

By reporting claims quickly, fleets can contain these costs and avoid prolonged disputes that could increase future premiums.

Insurers Reward Fleets That Minimise Risk

Timely reporting helps fleet operators stay on top of their claims history, a key factor insurers consider when calculating risk. Insurers view prompt reporting as a sign of a well-managed, safety-conscious operation. Fleets with a well-documented and efficiently managed claims process are more likely to see favourable renewal terms.

How Flock Rewards Fast Action

At Flock, we’ve designed our user-friendly Portal to make fast claims reporting as easy as possible. Fleet managers can instantly log and track claims, ensuring that accidents are reported swiftly and efficiently. Our connected platform provides real-time insights into incidents, allowing fleet managers to take immediate action to mitigate risks and reduce the likelihood of repeat incidents.

Fleets that prioritise fast claims reporting are not just managing accidents more efficiently—they’re also positioning themselves for long-term financial gain.

Our Safety-Led Model Rewards Smart Decisions

Our safety-led model means that fleets who actively reduce risks can be rewarded. We leverage real-time data to track driving behaviours, and if a fleet improves its safety score over time, they could be eligible for rebates of up to 10%. It’s a system designed to reward fleets that make smart, proactive decisions.

Accidents happen, even to the safest fleets. At Flock, we support fleet managers in reporting claims as quickly and efficiently as possible with features such as:

  • Instant claims logging through the Flock portal.
  • Swift claims handling, reducing downtime and repair costs.
  • Risk management insights that use data to prevent future incidents and keep premiums in check.
  • Rebates for improved safety, offering the chance to lower premiums by reducing risk through fast action.

Take Action Today

Login to the Flock portal at portal.flockcover.com.

Contact your BDM to learn more about how you can ensure your fleet stays safe and saves money with fast, effective claims reporting.

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