Question by : how much money i need to start up car insurance business?
ok im licensed, i have office with experienced sales people , company name “gaico”, how much cash on hand i need to cover losses (lets say i signed 100 customers allready to gaico)
Best answer:
Answer by Thatdudenextdoor well to give you an idea. Lets say you give insurance to only the people in the neiborhood. we will stick with 100 people. Over a year. 4 cars are broken into and 2 have a small bumper accident and one completly wrecks shop (This is a really really good neiborhood haha real life is probably much worse anyway). For the 4 broken into say you just have to replace glass at $ 500 each the small bumper to bumper accidents $ 1500 each and the total demolition 20,000. thats about 25000 or so….
So if its worse its going to cost you more.. if someone cheats you its gonna cost you more.. you need lots of cash
oh and don’t forget about 30,000+ to pay your 1 employee. your already looking at 75,000. a year. Thats 750 a year per person person… any other expenses i missed and a neiborhood with a bad year as far as accidents go.. you’d be lucky to break even charging 2,000 per person. The insurance game is tough
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Question by barbara b: i fell on ice there was no ice melt on it one business was my car insurance co and another business who do i s?
ok my whole backside hurts but nothing broken its kind of a sticky situation suing your own car ins. co. a guy from the other business saw me fall when i got up to go pay my in bill he can-=me out and put ice melt on it what do i do?
Best answer:
Answer by ronald h You have to be damaged in order to successfully sue. Your butt hurts but that will go away in the next day or so. You have no broken bones. You have no medical bills. What are you going to sue for? Your embarrassment over a pratfall? I don’t think you have a cause of action that can be successfully pursued.r
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Installation Management Command employees enjoy a free ride to work 110916
Image by familymwr
PHOTO CAPTION: The 7-passenger vans provided by Enterprise Rent-A-Car give the New Braunfels group plenty of room for their commute. (US Army Photo by Tim Hipps)
Installation Management Command employees enjoy a free ride to work 110916
By Karla A. Seijas
IMCOM Public Affairs
More than a dozen Installation Management Command employees ride to and from work for free in a VIA Van Pool, through the US Army Mass Transit Benefit Program.
"All I can say is this is the best thing since sliced bread – nope it’s better than sliced bread! Love it!" said passenger Debbie Martin, an IMCOM Family and MWR programs employee. "It’s less wear and tear on us, less wear and tear on our wallets, and less wear and tear on the environment."
Kelly Sandifer, who works in IMCOM resource management, saw a VIA vanpool van on Fort Sam Houston and became intrigued. He decided to start a van pool service for IMCOM employees. Through his search for vanpool-interested employees, he met Tammy Copus, who works in IMCOM Family and MWR Programs. Copus assisted Sandifer in getting the program started, and now serves as the alternate point of contact.
Sandifer had good reason to start a vanpool; previously he drove over 62 miles a day (each-way) in his own vehicle between home and work.
"I was able to sell my extra car, and when you add up fuel, oil changes, tires, and insurance, it’s a huge savings; over 0 per month for me," said Sandifer.
It’s not just about money; the approval of van pools is another positive step the command is taking to reduce our impact on the environment. The program has already taken nearly three dozen cars off the road, reducing traffic, congestion, parking issues, and most importantly, pollution and harmful emissions.
Each vanpool group can have 4 to 15 employees. Members of the vanpool can volunteer to serve as a driver if they wish. Once a group is officially enrolled, the van pool coordinator receives a fleet gas card, which is funded through the MTBP, and a 7-, 12- or 15-passenger van, which is provided by Enterprise Rent-a-Car and paid for by the MTBP.
Participants have to commit to riding in the vanpool at least 50% of each month.
"As our Leaders have said, we are in a new Fiscal Reality. The impact is far reaching and has not only affected the DoD but our personal lives as well," said van pool passenger Jeffrey Fitton, an IMCOM training directorate employee, when describing the benefits of the program.
"By taking part in the VIA Van Pool program, I can prevent unnecessary wear and tear on my car and I can save 0 a month by not having to pay for fuel," said Fitton. "Why would anyone not want to save money?"
Sandifer said that there are two main reasons.
"Some folks just don’t want to ‘loss their liberty’ in being able to come and go as they please. Others feel they won’t get the support of their leadership when they have to leave work at a specified time every day", Sandifer said. Other than that this thing is really taking off."
Service to the vehicle and insurance is also provided by Enterprise Rent-A-Car. For most situations, there is no cost to the employee for participating in the program.
Some participants use the commute to catch up on e-mails, sleep or simply chat with fellow riders.
"One of our riders sits in the back of the van most days and works on her laptop," said Copus. "The other riders try to be as quiet as possible when necessary, but all other times there is normally a lot of socializing and laughter."
Copus also described an afternoon commute when two employees needed to participate in a conference call. The fellow passengers respected their need for a quiet atmosphere until the call was over. They even adjusted their usual ride time by five minutes to ensure the two individuals would be on time for their call.
"It’s like getting an extra step increase," said David Abbott, a telecommunications specialist at IMCOM, when asked to describe the van pool.
There are currently three active van pools to the new IMCOM campus on Ft. Sam Houston and there is great potential for more. The current areas being serviced are Boerne, New Braunfels and the Stone Oak. More vanpools will start at the end of September in the areas of Schertz, New Braunfels and Highway 281 North (Evans Road & Bulverde).
If an unforeseen scheduling conflict occurs and a van pool rider has to leave their place of business, the Certified Auto Ride in an Emergency program is offered for a fee of five dollars per year. According to the Care Program, "for an annual fee, you can receive four free cab rides to use during the year…whenever an emergency arises."
If a vanpool rider enrolled in the Care program needs to get home early for unforeseen circumstances or can’t wait for the normal commute time because of an illness, a sick child or family member, the normal ride left early or unexpected overtime, they’re eligible for a free taxi ride, and the waiting time is less than 20 minutes.
IMCOM employees can sign up to participate in the VIA van pool by accessing the signup sheet in the shared drive or by contacting Kelly Sandifer or Tammy Copus.
Other Fort Sam employees can contact the Army Mass Transportation Benefit Program at ASAFM-MTBP@conus.army.mil to learn how to start a van pool in their organization.
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If an employee chooses to ride public transportation to work by means of the San Antonio VIA bus system they are also eligible to receive benefits through the MTBP, which covers the cost of a monthly bus pass.
The MTBP originated 21 April 2000, via Executive Order 13150, "Federal Workforce Transportation." The executive order requires Federal agencies to provide employee incentives to use public transportation in their commute to and from work.
All Army employees (military and civilian) are eligible to use the MTBP mass transportation fare subsidy when using public transportation or van or car pools for their work commute. The MTBP goal is to reduce the air pollution and traffic congestion while expanding commuting alternatives.
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Question by : does USAA also offer car insurance? business loans, small loans? i know its a bank, especially for Soldiers…?
i was wondering if USAA offer car insurance. im pretty young (under 25) and it can be very expensive for car insurance under my name. i was considering buying a car in florida as that is where my license is from and i know its way cheaper than new york state insurance, which is where i may be moving soon(and am originally from). i was going to try the company “the general” but i just joined the National Guard and i hear USAA is great bank for soldiers and offers them discounts etc. also i was hoping of starting up a small business next year (tax business) would they offer me a loan. i have less than perfect credit( about 650 :/).
