Tailored fleet risk management solutions

If the risk of collisions, non-compliance, and litigation keep you up at night, you’re in the right place. Managing a fleet comes with its own set of risks. Getting the insights to identify and reduce those risks is key. That’s where Element steps in. Our trusted experts actively work with you to reduce fleet risks and minimize your losses.

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Reduce your total cost of risk

When you're managing a fleet, your most important goal is to get your drivers home safely.

Element helps you uncover fleet risk factors by identifying the root causes of vehicle incidents and providing expert trend analysis of your fleet’s risk data. Our fleet risk experts help you develop and implement actionable strategies to reduce exposures and correct the course in cost management.

How does a fleet risk management plan help?

With Element Risk Solutions, clients can:

Reduce preventable collisions: Clients enrolled in Element safety programs experience 37% fewer preventable accidents per million miles than Element clients not enrolled.
Improve subrogation recovery: Our clients experience an average recovery rate of 99% for actual loss costs on subrogation claims. Actual loss costs include vehicle repairs, rental expenses, and total loss costs.
Improve driver behavior: Drivers using DriverCare CoPilot improved their phone use while driving behavior by 14%.
Identify at-risk drivers in real-time: In-app driver trip score updates within minutes after each trip.
Enhance driver training: Clients saw a 38% increase in proactive safety training by enabling behavior-based training assignments through DriverCare Connect.
Supportive documentation: Protect your fleet with comprehensive documentation and data management structures.
Eliminate driver risk “blind spots” Average reduction of 180 days between license violation and report through MVR monitoring.

Element Risk Solutions

Having a cohesive picture of fleet risk and integrated risk mitigation activities with trackable loss cost and quality controls helps you achieve the greatest reductions in your total cost of risk.

Accident management

Reduce fleet accident costs through tracked quality controls and efficient repair processes. This approach includes licensed appraisal reviews of all repair estimates, tight workflow management of vehicle repairs, oversight of rental usage, and optimizing salvage sales.

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Subrogation

Receive maximum returns on your accident loss costs with subrogation pursuit on every claim, even those with partial 3rd party liability, and low dollar claims. Enjoy a swift return of your recovered subrogation dollars through a subrogation process that kicks off before your repairs are even complete and remains tightly integrated with repair workflows to ensure all recovery dollars are captured in recovery demands.

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Driver risk assessments

Seamlessly integrate accident, MVR, and telematics behavioral data to assess driver behaviors. Assign safety training and coaching sessions based on individual driver risk exposures to mitigate fleet risk, reduce preventable collisions, and improve overall fleet safety.

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Connected safety

Put the power of telematics data into the hands of your drivers by providing real-time feedback for detected unsafe driving behaviors.

Score drivers’ trips, provide safe driving instructions, illustrate behavior trends, and show drivers where they rank among other fleet drivers. Delivered right to their smartphone, these tools engage drivers on a journey of self-awareness, and self-improvement, to avoid future accidents and reduce your overall fleet risk.

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Fleet Insurance

Leverage your fleet risk data with Element to enjoy a simplified transaction process in obtaining preferred insurance pricing provided by HUB International. Our strategic partnership with Hub International*, allows you to effortlessly configure your profile, policy requirements, obtain your preferred pricing quote, and complete the transaction on-line.

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Risks change all the time – the weather changes, road conditions change, technology in vehicles change. Risk management is about understanding your surroundings and how it can impact your bottom line, your drivers, and your customers."

Angelique Magi

Vice President of Risk Solutions

* Who is HUB International?

Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 19,000 employees in offices located throughout North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, visit Hub Media Center.

U.S. website: http://www.hubinternational.com/

CAN website: http://www.hubinternational.com/en-CA/