SAN DIEGO, April 16, 2015 /PRNewswire/ -- Lytx™, Inc., the global leader in video-based driver safety, announced today it has signed an agreement with Canal Insurance Company, a trucking insurance specialist with more than 75 years' experience, to offer the Lytx DriveCam™ Program to insureds.
The Lytx DriveCam Program is the only comprehensive solution that enables fleets to reduce collision, fuel and maintenance costs resulting in an average six month return on investment. Lytx's DC Enterprise™ and DC Protect™ programs will be offered to Canal insureds as a CanalRISK360 value added service through its risk management services unit. CanalRISK360 are the branded resources and alliances that Canal uses to proactively engage insureds to help improve safety and reduce operational costs by evaluating operations, developing safety plans and delivering training for insureds.
"We believe that bringing the Lytx DriveCam Program to our insureds' fleets is another unique and effective solution Canal offers that can assist insureds in improve operations," said Gary Flaherty, Canal Assistant Vice President, Risk Management Services. "The DriveCam program will be one of the cornerstones of the resources in CanalRISK360 and is essential in our goal to improve driver safety."
"Canal is a leader in its commitment to helping its clients improve fleet safety through its innovative CanalRISK360 resources. We are proud to be able to contribute to the success of Canal's clients," said Eliot Feldstein, Senior Vice President of Strategy and Corporate Development for Lytx. "Together, Lytx and Canal offer clients a rich safety solution and a commitment to helping those clients dramatically improve fleet safety."
The Lytx DriveCam Program helps prevent collisions, reduce injuries and save lives by combining video with predictive analytics, real-time driver feedback and coaching, empowering fleets to identify and correct driving behaviors that could lead to collisions. The DC Enterprise program is Lytx's most comprehensive safety program enabling operators to manage and coach all enrolled drivers in their fleet. A streamlined DC Protect program is also available and enables operators to manage the riskiest 20% of drivers while still protecting all drivers from false claims. A recent Virginia Tech Transportation Institute study shows that more than 800 lives could be saved each year using video-based driver safety technology, and that the Lytx DriveCam Program alone could prevent more than 25,000 commercial vehicle collisions and nearly 40,000 injuries annually.
About Canal Insurance Company
Rated A- by A.M. Best, Canal Insurance Company, headquartered in Greenville, South Carolina, has specialized in providing insurance to commercial trucking and specialty transportation insureds through selected general agents for more than 75 years. Visit canalinsurance.com for other news and information. Insurance provided by Canal Insurance Company or Canal Indemnity Company, and is not available in all states. Please refer to additional terms and conditions outlined at canalinsurance.com.
At Lytx™, we harness the power of data to change human behavior and help good companies become even better. Our flagship product, the Lytx DriveCam™, sets the standard for driver safety in the industries we serve, and our RAIR® Compliance Services helps DOT-regulated fleets comply with safety regulations, complementing the Lytx DriveCam™ Program. We protect more than 1,300 commercial and government fleet clients worldwide who drive billions of miles. Our clients realize significant ROI by lowering operating and insurance costs, while achieving greater efficiency and compliance. Most of all, we strive to help save lives – on our roads and in our communities, every day. Lytx is privately held and headquartered in San Diego. For more information, visit www.lytx.com, @lytx on Twitter, or on our YouTube channel.
SOURCE Lytx, Inc.