The Association for Safe International Road Travel estimates that road crashes' economic and societal impact cost U.S. citizens $871 billion annually. As a business owner who currently owns a fleet, economic times are tough enough already. So, will investing in fleet cameras help keep you from being a part of those involved in the mentioned annual national expense? And do you need them? In some cases, yes. Installing a fleet camera into a vehicle can help. Not only that, they can assist with so much more. Here is why you need a fleet management system with dash cameras in your vehicles. Evidence In Court And More As we highlight in our piece about whether dashcam footage is admissible in court, generally, this footage is considered usable in cases. Another reason is claiming from insurance. When filing with an insurance company, missing out on the details can cost you dearly. Over half of all insurance claims are disputed. Fleet cameras can also protect against insurance fraud, where random drivers attempt to claim from your company via a "Brake Slam or Panic Stop" scam. With live footage, you can clear your name. Also, with evidence, you can speed up claims and recoup your losses sooner rather than later. And finally, with fleet cameras installed, insurance companies can offer up to a 10% discount. Reducing Running Costs With a camera system installed, you're not only monitoring your drivers but also gathering data. Monitoring a vehicle with the best GPS camera always allows you to check if a driver is speeding, hard braking, and by setting a geofence - that they're not joy riding. All these elements lend themselves to curbing gas wastage, which in this economy is gold. And according to the Alternative Fuels Data Center, by ensuring drivers are sensible, you can expect to save 5% to 20% on fuel. And from a safety standpoint, you can also ensure that drivers wear seatbelts and do not text on their phones. But are the drivers going to be keen about the best cameras installed in their vehicles? Driver Safety Matters According to an article published in Transport Topics, there was an increase in 2020 before the pandemic hit, with 1,502 cargo truck thefts. While these numbers have come down, it's always best to be prepared. A hijacking is a traumatic experience, and getting a solid identification of suspects is near to impossible. With a fleet camera system installed, you get footage of the perpetrator. Along with the GPS function, these criminals also have little time to make a solid escape plan. All this means is when your fleet is fitted with fleet management, criminals will think twice about making a move on your vehicles—keeping drivers happy and safe. It's Time To Invest In Fleet Cameras There are many more benefits of investing in fleet cameras, including streamlining fleet management tasks. TrackNet offers the best fleet management solution. By installing our cameras, you are guaranteed peace of mind for yourself and your drivers. Call us today for a free demo.