Total 3 Year Potential Accident Losses


Calculations

          x

           x

    =

Fleet Vehicles

Accident Risk*

Avg Cost/Accident**

Annual Losses

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.

3 Year Losses:

 

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Sources:
* Automotive Fleet Magazine finds that 20% of the average fleet vehicles will be involved in accidents.

** Construction Equipment Magazine finds that the average fleet costs are $16,500 for crashes with property damage, $74,000 for crashes with injuries, and $500,000 for crashes with fatalities.

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