There have been some terrifying footage of various truck fires in the recent months and in the lead-up to summer, NTI – leading truck insurance specialist – is working with transport operators to raise awareness of the increased risk of truck fires.
NTI CEO Tony Clark said NTI is working with industry to minimise preventable fires with planning and strict maintenance schedules. “Our latest NTARC research report shows non-impact truck fires account for 1 in 10 large losses, most commonly from electrical failure, engine fires, and tyre or brake fires. Unfortunately, a large number of these could have been prevented with better maintenance and inspections.
Clark explains, “When combined with high temperatures and hot surfaces, deteriorated brakes and bearings, loose wiring and oil leaks can all increase the risk of fire.hen combined with high temperatures and hot surfaces, deteriorated brakes and bearings, loose wiring and oil leaks can all increase the risk of fire.”
Fires often result in a total loss of the vehicle which can, in turn, increase claims costs and even premiums for policy holders. Clark adds that this is on top of the stress caused by having to manage the freight task with one less vehicle on the road.
In some cases, fire is simply unpreventable; however brokers can advise their transport businesses clients that the following precautions assist in minimising fire risks:
- ensure maintenance schedules are up to date;
- make sure fire prevention equipment and training is a core part of the business’s risk management plan; and
- never smoke when near a vehicle carrying flammable or explosive materials, or when refuelling.
You can access the latest NTARC Major Accident Investigation Report below
Author : Insurance & Risk , 31st October 2017