What is the Definition of Operating Expenses?

What is the Definition of Operating Expenses?

The cost of maintaining a business’s property, includes insurance, property taxes, utilities and rent, but excludes income tax, depreciation and other financing expenses.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

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What is the Definition of Operating Expenses?

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What is the meaning of Misrepresentation

To make written or verbal statements that are untrue or misleading.


What is the meaning of Motor Vehicle Report (MVR)

A report from the agency that issues your driver's license, listing accidents and violations that appear on your driving record. This report is used to verify information provided by insurance applicants and policyholders.


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Available to policyholders who insure more than one vehicle at the same location.


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