Risk Management: Vehicle Reimbursement Programs

A new report based on US Bureau of Labor statistics has found that most motor vehicle accidents involving company cars occur during the personal time of employee drivers. Specifically, the report said that 60% of company car accidents happen during an employee’s personal time, while the remaining 40% of collisions were work-related. CarData Consultants, a provider of vehicle reimbursement programs (VRPs), said the data is proof that more companies need VRPs to help manage the business risk of losing company cars to collisions.