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Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
How Dashcams Can Boost Your Business ROI
When most businesses think about boosting their ROI, they think about raising prices, reducing expenses, and analyzing metrics – but very few business owners consider getting a dashcam.
That’s right: a dashcam can be used to boost your business ROI if you use company cars, vans, or trucks. This can help you to save money over the long term, making it easier for your business to thrive.
Here are four ways a dashcam can boost your business ROI.
Your Insurance Costs May Go Down
Vehicle insurance can be very expensive, but you can reduce costs by installing a dashcam. Currently, most insurance companies don’t offer discounts for companies that use dashcams, but they can still help to lower insurance costs if there is an accident that wasn’t your driver’s fault. This is because the footage can be used as proof in court later, so you won’t have to deal with increased insurance costs – and the costs may even go down over time if you can prove your driver is reliable.
Fewer Road Violations
You can also reduce the chance of a road violation by using the camera footage to coach your drivers. For instance, if you notice an employee is using their phone as they drive, you can reprimand or fire them. Over time, this means you will weed out any bad drivers, and you will also be able to coach the remaining drivers to have even higher safety standards. People are also more likely to behave better if they know they are being held accountable, which means you are less likely to have to pay out for a road violation in the future.
You Can Track Your Stock
Finally, having a dashcam makes it easier to track your stock, especially if you install a GPS tracking system in the vehicle. This means you will always know where your stock (and your vehicles!) are, which reduces the chance of theft.
So in vehicle camera systems are a great way to boost your business’s return on investment – but if you want to install one, you should make sure that it meets the legal requirements first.
Installing A Dashcam That Meets Legal Regulations
Anyone can install a dashcam in their car, van, or truck if they want to, but it is important to make sure that the camera follows current road regulations. These regulations are in place to ensure both the safety of the driver and the car.
Some things to be aware of:
- You can be fined if you obscure the rear or front windscreen with the dashcam. If you buy a vehicle with a dashcam already installed, it will already be positioned legally.
- Vehicle owners must inform the driver that there is a dashcam in the car.
- The driver must inform any passengers that there is a dashcam in the car.
- If the dashcam has a bright LED screen, it must be turned so that it isn’t visible to the person driving the car. This is because the glare could create a dangerous visual distraction.
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