Term
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Definition
| DW+SB Bad Debt / units fleets |
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Term
| Where would you find this number (LPU) |
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Definition
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Term
| What is your branch's LPU YTD? |
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Definition
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Term
| List 3 ways to reduce LPU? |
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Definition
- Underwriting
- Good Dx's
- Grow Your Fleet
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Term
| What is our region's goal for LPU? |
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Definition
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Term
| What is the differnece between LPU and Reserves ? |
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Definition
Reserves is a 12 month rolling average
LPU is a monthly calculation |
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Term
| The Reserve Billing System is for? |
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Definition
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Term
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Definition
| Damages that occur while not on rent |
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Term
| How is the branch affected when uninsured losses occur? |
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Definition
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Term
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Definition
- undocumented damages
- lot damage
- theft
- employee accidents
- conversions
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Term
| How does the Branched get charged for Unisured Losses? |
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Definition
| The 1st 2500 goes to the branch the rest is spread to the region. |
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Term
| How does the Branch get charged for employee liability ? |
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Definition
- 1st 2500 to the branch.
- The next 22,500 spread to Region
- >25k Spread to Corporate
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Term
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Definition
| Damages while not on rent |
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Term
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Definition
- Renter at fault
- No insuracne
- Liability reserves
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Term
| How Does Renter Libility hit |
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Definition
- 3 year rolling aberage
- Rolls Every Fiscal Yr
- at the Group Level
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Term
| When does Renter Liability pay out? |
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Definition
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Term
| What is the goal for your Reserves ? |
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Definition
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Term
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Definition
| loss history of the 12 months falling out from last year |
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Term
| Where would you find your nubmber for Unisured Losses ? |
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Definition
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