Almost a quarter of businesses with fleet insurance have admitted they lack specific security or anti-theft measures, prompting a warning from commercial insurer NFU Mutual.
New research* from the fleet insurer shows that 23% of those surveyed said they haven’t taken steps to improve security or prevent vehicle theft.
Perhaps more alarmingly, just 55% of smaller fleet businesses implement security measures – meaning almost half do not – compared to medium-sized fleets (91%) and large fleets (85%), which are more likely to put in place protection.
This has led to NFU Mutual urging those in the sector to remain vigilant and, where possible, keep security high to avoid any unwanted costs.
Mark Bromhall, Fleet Risk Manager at NFU Mutual, said: ‘Risks affect all business areas, and it’s important for fleet managers to know their fleets are secure and protected.
‘It’s good to see more than three-quarters (77%) have security in place for their fleets, but we would urge everyone, where possible, to take steps to get anti-theft measures in place to protect themselves and their businesses. Even where insurance covers the cost of theft, there is no quantifying the disruption and the worry caused to staff after a vehicle is stolen or damaged, so prevention really is the best cure.
‘Small businesses play such a crucial part in our country, and theft is likely to be all the more disruptive for these companies, so it is concerning that almost half of those surveyed say they don’t take security measures.
‘If you are unsure what measures to take, we recommend seeking advice on managing your fleet risk. Our survey shows that 23% of respondents do not currently seek such advice.
‘These small steps can help fleet owners feel far more secure and protected while also ensuring they have plans in place should anything bad happen.’
The research also highlighted the key priorities in the fleet industry from those operating a fleet of vehicles, with employee safety coming out on top – as 88% of people surveyed said that was ‘very important’. Company reputation, compliance, and employee wellbeing were the other priorities in the sector.
