NAFA Helps Fleet Managers With Risk Management In New Guide

PRINCETON, NJ, June 04, 2011 (Press-News.org) Fleet management will always involve a certain level of risk; the key is to minimize risk wherever and whenever possible. NAFA Fleet Management Association's new Risk Management Guide was designed to provide fleet managers the ability to identify, quantify, and treat risk across their fleet and throughout their overall organization.

The new guide helps fleet managers understand the fundamentals of the process and offers examples of proven techniques they can incorporate within their own fleet. This mission of risk management must start at the top, since fleet managers cannot accomplish these goals without support from their organization's leaders. Those in top management must set the tone for the entire risk program and demonstrate a sincere commitment to regularly identifying and evaluating organizational risk along with a willingness to invest in mitigation strategies to minimize risk exposure.

Insurance is commonly associated with risk prevention, but it is not possible or even practical, to insure against every situation. In addition to providing an overview of insurance, claims management, and subrogation, NAFA's guide demonstrates additional strategies for mitigating risk including driver training, vehicle safety, crash management, and Motor Vehicle Records (MVRs). The guide also provides a chapter on Canadian-specific information for those operating fleets in Canada.

NAFA's Risk Management Guide follows the release of the highly successful Lifecycle Cost Analysis for Fleets and joins NAFA's Law Guide for Fleet Professionals and NAFA's Professional Development Guide as the Association's three newest products. With these three guides, NAFA has reached the Association's long-term goal of having its own references and instructional materials for each of the eight disciplines in NAFA's Education Competency Model.

NAFA is the world's premier non-profit association for professionals who manage fleets of sedans, public safety vehicles, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for organizations across the globe. NAFA is the association for the diverse vehicle fleet management profession regardless of organizational type, geographic location or fleet composition. NAFA's Full and Associate Members are responsible for the specification, acquisition, maintenance and repair, fueling, risk management, and remarketing of more than 3.5 million vehicles including in excess of 1.1 million trucks of which 350 thousand are medium- and heavy-duty trucks. For more information visit http://www.nafa.org