SAP Concur Podcast: Managing the Business Risks of Employee Drivers
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Employee driver risk involves corporate liability, insurance costs and compliance monitoring, with financial and operational implications for companies with mileage programs or employees who drive for work.
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- SAP Concur BlogSAP Concur Podcast: Managing the Business Risks of Employee Drivers
SAP Concur published a podcast article featuring Jonathan Steele of Motus discussing the business risks of employee drivers. It notes that even if employees use personal vehicles, organizations face risk and liability when employees drive on company business. Companies must ensure drivers have valid licenses, insurance and clarity on vehicle ownership. A case study describes a company that checked driving records only annually, failed to identify risks in time, and ultimately faced a multimillion-dollar settlement. The article also notes U.S. auto insurance premiums are outpacing other inflation categories, one in seven drivers is reducing or forgoing insurance, and 10.7 million drivers wer…