Compared to highway accidents, parking lot accidents involving fleet vehicles may not seem like a very big deal. In terms of serious injury or fatalities, they’re not. But in terms of the cost of dents, dings, scrapes and driver downtime all adding up, well that’s another story. The truth is that parking lot accidents can be a very big deal that can decrease profitability.
Accidents in parking lots are responsible for a significant amount of a fleet’s overall annual operating costs. They often end up costing more than a serious highway accident in that if the insurance deductible isn’t met, the cost to cover an accident is out of pocket and straight out of profit.