Some businesses provide employees with a company car as a hiring-and-retention tool. Some do it because company cars also can be viewed as a tactic in their branding strategy, serving as mobile advertising (in the old sense) and to impress customers. Admittedly, offering a company car has helped some businesses […]
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Up for a challenge? Let’s test your understanding of different requirements relevant to personal, business, and commercial vehicle insurance. Question: Does your personal car insurance policy cover the vehicle you own if you use it regularly to do your job? Answer: Employees who use their personal vehicle for business on […]
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Fleet Magazine August 21, 2021 Fleet Operators are examining every aspect of their operations in the face of an uncertain economy. Vehicle reimbursement specialists CarData, share insights into how a VRP can reduce expenses. Declining revenues and uncertain future business climates compel enterprises to examine business operations to […]
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If you offer a VRP (Vehicle Reimbursement Program) to employees a key data point is the cost for insuring vehicles with a ’business use‘designation. Consider that a FAVR (Fixed and Variable Rate) program is tailored to regional insurance premiums as well as other cost of living factors. CarData keeps track […]
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At first blush, FAVR (Fixed and Variable Rate) programs can appear to be simple. “F” is for fixed costs for business use of employee-owned vehicles, for example insurance and licensing. “V” is for variable expenses such as the relative cost of living in a given geographical region and fluctuating gas […]
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