With theft a major concern for businesses operating a fleet of vehicles, it makes sense to use GPS tracking to help secure your assets. This is especially true when it comes to construction vehicles such as backhoes, light duty vehicles, trucks, etc. For a company that owns these vehicles and relies on them to complete their day-to-day operations, losing even one vehicle or piece of equipment can negatively affect the bottom line.
When a GPS tracking system is put into place, the odds of having your vehicles stolen are reduced dramatically, and if someone does happen to get away with one, finding them will be a breeze.
Recovering Stolen Vehicles
Since regular use of GPS allows management to keep track of company vehicles around the clock, it only makes sense that having it installed will enable swift recovery of stolen vehicles. When you are able to locate and retrieve a vehicle or piece of equipment quickly, not only will you be able to get it back into circulation, but also you won’t incur the loss of having to replace it.
Reducing Insurance Premiums
If the potential for theft has been greatly reduced, there’s a chance your insurance premiums will also be lower. Insurance companies look favorably on businesses that use GPS to secure their assets. If you have a large fleet of vehicles or a wide range of equipment in use, even a small savings on each one will add up over time. In essence, you’ll be doing the insurance companies a favour by using a GPS system to secure your assets.
Exciting Features to Keep Your Assets Safe
A couple of the exciting features in GPS tracking that will allow you to keep track of your vehicles include odd hours alerts and landmark alerts. As the name suggests, odd hours alerts enable management to keep track of vehicles and equipment outside of business hours. If a truck is moving in the middle of the night and it shouldn’t be, authorities can be notified and it will be apprehended quickly.
Landmark alerts create a geo-fence when vehicles and equipment leave a predetermined area, or a specific time the asset enters the landmark or leaves it. This is yet another way to keep track of assets and act quickly in the case of an attempted theft.
Refining Risk Management Policies
With a quality GPS system in place, the topic of risk management won’t be quite as serious as it pertains to heavy equipment and company vehicles. With the security component under control, more attention can be given to worker safety and similar subjects. If you think a GPS system would help secure your assets and make your operation flow more smoothly, contact FleetDynamics today.