Beyond Premiums: Managing the Total Cost of Risk in Your Fleet

When fleet managers think about insurance, the first thing that comes to mind is the premium or direct out-of-pocket payments. But premiums are just the tip of the iceberg. Beneath the surface lies indirect costs like claims management, vehicle downtime, liability exposure, training, and compliance risks. That’s why leading fleets look beyond premiums to the total cost of risk (TCOR)—the all-in cost of protecting a fleet. With rising premiums and carriers scrutinizing risk more closely, this broader perspective is more important than ever.

In this guide, you’ll learn how siloed programs can create hidden risks, and how a holistic approach can improve visibility, strengthen driver performance, and lower overall insurance costs.