All good things eventually come to an end. So, too, will today’s abnormally high used-vehicle prices. Today's resale values are an anomaly caused by a decrease in used-vehicle inventory in the wholesale market, resulting from the extremely low sales of new vehicles from 2009-2011. You need to educate management that today’s resale values will decline. Otherwise, you run the risk of being management’s future scapegoat for declining resale values due to their misperceptions of the market.
New Liability Exposure: Employee Drivers Using Medical Marijuana
Eighteen states and the District of Columbia have legalized medical cannabis (marijuana) or have decriminalized it. What are the fleet ramifications of drivers operating a company-provided vehicle while using medical marijuana under the care of a physician? What are the corporate liability issues if a driver with a medical marijuana prescription is involved in a preventable accident? Let's address these questions and determine what you can do to minimize your corporate liability exposure.