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Excecutive-Summary

Liability Assessment​

The Liability Assessment widget helps you understand the financial impact of accidents caused by driver activities. It provides a snapshot of potential liabilities and highlights the effectiveness of using Driver Monitoring AI in reducing these liabilities. This information is crucial for managing risks and improving overall safety.

Key Features​

Current Period Selected:​

  • Displays the total liabilities due to accidents for the current period.
  • The amount is shown in dollars, with an indicator showing if the liability has increased or decreased compared to the previous period.

Same Time Last Period:​

  • Shows the total liabilities due to accidents for the same period in the previous year.
  • This helps in comparing and analyzing trends over time.

Year to Date Liability:​

  • Provides the total liabilities accumulated since the beginning of the year.
  • Useful for understanding the long-term financial impact of accidents.

No. of Accidents Avoided:​

  • Displays the number of accidents that have been prevented using Driver Monitoring AI.
  • Indicates the effectiveness of the monitoring system in improving safety and reducing liabilities.

How to Use the Widget​

Monitor Liabilities:​

  • Check the Current Period Selected to see the latest liability amount.
  • Compare it with the Same Time Last Period to understand trends and changes.

Analyze Yearly Impact:​

  • Use the Year to Date Liability to see the overall financial impact of accidents for the year.
  • This helps in planning and implementing safety measures.

Evaluate Safety Improvements:​

  • Look at the No. of Accidents Avoided to gauge the effectiveness of Driver Monitoring AI.
  • A higher number indicates better performance in preventing accidents and reducing liabilities.

Understanding the Data​

Current Period Selected:​

  • This figure shows the liabilities for accidents that occurred in the current reporting period.
  • An upward or downward arrow next to the amount indicates whether the liability has increased or decreased compared to the previous period.

Same Time Last Period:​

  • This amount shows the liabilities for the same period last year, providing a basis for comparison.

Year to Date Liability:​

  • This is the cumulative total of liabilities from the start of the year to the current date.
  • It gives a broader perspective on the financial impact of accidents over the year.

No. of Accidents Avoided:​

  • This number reflects the success of preventive measures and technologies in avoiding accidents.
  • It is a direct indicator of how Driver Monitoring AI has helped improve safety.

Benefits of Using the Widget​

  • Financial Insights: Provides a clear view of accident-related liabilities, helping in financial planning and risk management.
  • Trend Analysis: Enables comparison with previous periods to identify trends and assess the effectiveness of safety measures.
  • Improved Safety: Highlights the number of accidents avoided, showcasing the value of investing in Driver Monitoring AI.
  • Data-Driven Decisions: Facilitates informed decision-making based on comprehensive liability data and accident prevention statistics.

By using the Liability Assessment widget, you can effectively monitor and manage the financial impact of accidents, implement safety measures, and improve overall driver performance through data-driven insights.