Total 3 Year Potential Accident Losses
Calculations
x
x
=
Fleet Vehicles
Accident Risk*
Avg Cost/Accident**
Annual Losses
.
.
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.