{"id":228141,"date":"2021-11-08T15:37:47","date_gmt":"2021-11-08T15:37:47","guid":{"rendered":"https:\/\/zenduit.com\/?p=228141"},"modified":"2021-11-08T15:38:02","modified_gmt":"2021-11-08T15:38:02","slug":"how-commercial-dash-cams-can-and-cant-affect-your-insurance","status":"publish","type":"post","link":"https:\/\/apps7.devmaverick.com\/newzenduit\/how-commercial-dash-cams-can-and-cant-affect-your-insurance\/","title":{"rendered":"How Commercial Dash Cams Can (And Can\u2019t) Affect Your Insurance"},"content":{"rendered":"

Here\u2019s the bad news: Simply having dash cams in your fleet won\u2019t save you money on insurance premiums. Not directly, anyways. While no insurance companies currently offer a specific dash cam discount, having them in your fleet can positively affect your premium, which in turn helps keep your rates down.\u00a0<\/span><\/p>\n

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As we\u2019ve discussed in a previous post about <\/span>selling the idea of dash cams to your fleet<\/span><\/a>, you\u2019re not installing dash cams because you don\u2019t trust your drivers; rather, you\u2019re installing them because you want to protect your drivers from false claims and protect your business from a system that often assigns liability to the party that can most afford the payout.<\/span><\/p>\n

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Consider our post about <\/span>nuclear verdicts<\/span><\/a>, \u201clarge organizations with massive fleets are assumed to have more resources (i.e. more insurance), they are typically targeted for payouts, even if they\u2019re not entirely at fault. For example, there are cases where a company can be identified as 10% negligent and still have to cover 100% of the financial liability.\u201d<\/span><\/p>\n

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Many insurance companies have been slow to adopt dash cams into their policies, but that doesn\u2019t mean that the technology can\u2019t save you and your fleet thousands of dollars in payments and premiums. Dash cam footage can fast track your claim, exonerate your drivers and positively impact your bottom line.\u00a0<\/span><\/p>\n

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Current state<\/span><\/h2>\n

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Insurance companies in Canada do not offer a specific discount to fleets that install dash cams. <\/span>In Ontario<\/span><\/a>, simply having a dash cam does not mean automatic savings on insurance premiums, but it can protect you and your drivers from being wrongfully charged for an accident.\u00a0<\/span><\/p>\n

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Insurance companies require photo evidence in a claim, but many of them don\u2019t have specific policies regarding video. The usefulness of video footage most often depends on the adjuster who reviews your claim and whether the footage can help resolve the case. In any event, video footage can definitely help fast track a claim and get your driver back on the road.<\/span><\/p>\n

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Dash cam footage saves your organization time and money in a number of ways, most of which can directly affect your insurance premiums:<\/span><\/p>\n

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