Auto Insurance

Unlike individual auto insurance, business auto insurance is more expensive. This is due to an increased risk that the employees will not treat the operation of the vehicle as they would their own personal car. Auto insurance is required by law in all 50 states.

Cost per Mile – The Basic Formula

Cost Per Mile

In any industry, especially transportation, it is essential for the owner of a business to understand how much it costs per mile to operate his vehicle, trucks or fleet.  The formula looks simple and in reality it is; but you must understand the underlying elements to truly appreciate and comprehend the calculation.

This content is for Bronze, Silver, One-Time and Contractor's Diagnostic members only.
Log In Register

Insurance – Introduction to Business Insurance

Insurance

Insurance is a risk reduction tool used in our private and business lives.  It is founded on the basic premise that a large group of individuals will cover a catastrophic event for one of the members sometime in the future.  In general, the insurance company uses actuarial science (law of large numbers) to calculate the financial cost of accidents over a given period of time. 

Follow by Email
Facebook
Google+
https://businessecon.org/tag/auto-insurance">
Twitter
LinkedIn