Risk Management Loss Control Tip
Do you really know how much your losses are costing your agency? Do you know where the majority of your losses are occurring, or which drivers are having the most loss incidents? Many agencies only focus on the loss information provided by their third party administrator (TPA) and fail to acknowledge the real costs of those minor repairs that are made by in-house maintenance. Even if they track those costs, they do not always include the cost of the labor involved in making those repairs.
Tracking
all the losses and including column headings, such as "Primary Street," "Secondary Street," "Operator's Last Name," "Operator's First Name," "Immediate Cause," and "Action Preceding the Loss"
will give you the real cost of your loss occurrences and help you identify where you need to dig deeper for the root causes and focus your limited resources and influence. Include even those losses that fall within your self-insured retention level (including the cost of in-house labor.)
Are your buses damaging other vehicles or your buses when pulling into or out of bus stops? Why is that? Are your buses larger or are parked vehicles encroaching on your bus zone?
Are your buses striking vehicles while making turns? Are your buses longer or your bike racks bigger? Do you need to ask the municipality for a set-back to allow your larger buses to make the turn safely, or do you need to use a smaller bus or place bike racks in the bus?
Do the same drivers keep having the same types of losses and/or in the same places? Why is that? What have you done to improve their driving?
Identifying your high loss areas and then taking effective corrective actions can save your agency ten to hundreds of thousands of dollars. If you need help or guidance, please call Terrie Norris to discuss your options. She can be reached at 916-290-4655.
Interested in Federal Funding?
Federal Transit Administration (FTA), with the Center for Urban Transportation Research (CUTR) at the University of South Florida, is
accepting applications for transit bus automation strategic partnerships. Up to $500,000 in federal funding will be awarded to eligible agencies and organizations to supplement transit bus automation research and to help disseminate research findings to the broader transit community.
FTA's
Strategic Transit Automation Research (STAR) Plan outlines FTA's five-year research agenda for transit bus automation, which includes partnerships with organizations conducting automation research. The new funding will supplement pilot demonstration projects by leveraging results and spreading the word about successes and challenges.
Applications are due March 1, 2019.
Learn more a
bout eligibility and requirements.
Questions?
