Anchorage, Alaska
School and Employee Bus Transportation Businesses

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Passenger Car Leasing Businesses In Anchorage, AK

Anchorage, Alaska School and Employee Bus Transportation Businesses

Are you searching for Anchorage, Alaska School and Employee Bus Transportation Businesses?

These Anchorage, AK Passenger Car Leasing local businesses can help you find the goods and services you are searching for.

The SIC code for these Anchorage local businesses is: 4151.

Find in Anchorage, Alaska School and Employee Bus Transportation businesses. Search Passenger Car Leasing local businesses located in Anchorage, AK to get the products and services you want and need.


Where Can I Find Anchorage, AK School and Employee Bus Transportation Businesses?

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Anchorage, AK School and Employee Bus Transportation Businesses Results:

Anchorage, Alaska - Passenger Car Leasing Businesses


What Is The SIC Code Description For School and Employee Bus Transportation Businesses?

Description For 4151 School Buses

Establishments primarily engaged in operating buses to transport pupils to and from school. School bus establishments operated by educational institutions should be treated as auxiliaries.

  • School buses


Where Can I Find Anchorage, AK Business And Economic Information?

You can find more information about Anchorage, Alaska's business and economic environment here:

Alaska Economic Data, Regulations And Limits On Commercial Insurance

Made In Alaska

If you're an entrepreneur who is thinking about starting a business in Alaska, it's important to have a basic understanding of the state's overall economy before you set up shop. Regardless of how high-quality the products and services you are planning on offering may be, if the location where you open your organization doesn't offer a target market that your products and services will appeal to, chances of success are slim. Furthermore, if a workforce isn't available to support your business, you'll have a hard time staying afloat.

With that said, it's important for business-minded individuals who are thinking about starting a company in Alaska to familiarize themselves with the state's economy; it's also a good idea to have an understanding of the commercial insurance requirements.

Following is an overview of economic trends and commercial insurance policies that business owners are required to carry in The Last Frontier.

Economic Trends For Business Owners In Alaska

According to the Bureau of Labor Statistics, the unemployment rate in Alaska was 6.1% in December of 2019. While that's significantly higher than the national unemployment rate, which was 3.4% in December, 2019, it's lower than it was one year prior, when the rate of unemployment was 6.5% in December of 2018. Though the workforce is growing slower than it is in other states, economists do predict that the rate will continue to decline in the coming years.

Despite Alaska's remoteness and cold climate, it's actually a great start to start a business. According to the Tax Foundation, Alaska is the second most tax-friendly state for business owners in the United States, as there's no individual income tax or state sales tax. Additionally, Alaska has the second highest rate of new business owners, as well as the second highest percentage of available employees (as per 2016).

As in most states, the best spots to start a business in Alaska are the state's biggest cities and the surrounding areas. This includes Anchorage, Juneau, and Fairbanks. Other key areas that are seeing a boost in business development in recent years include Homer, Sitka, Prudhoe Bay, and Ketchikan.

While there are several industries that are experiencing growth in The Last Frontier, specific sectors thrive more than others. Businesses that are related to the following industries are booming in AK:

  • Fishing, which is also one of the largest contributors to the state's economy.
  • Mining, which provides more than 4,500 jobs in Alaska.
  • Petroleum, which is responsible for 34% of jobs in the state. In fact, Prudhoe Bay is North America's largest oil field.
  • Tourism is the second largest private sector employer in the state. Each year, millions of people from around the globe travel to Alaska to marvel at the numerous natural wonders that can be found here.
Commercial Insurance Requirements In Alaska

The Alaska Division of Insurance regulates insurance in AK. Alaska mandates very few forms of insurance coverage by law. They enforce worker's compensation.

Alaska requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.

Alaska also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.



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Also find AK local small businesses by General Liability Class Code and learn about Alaska small business insurance requirements for general liability, business property, commercial auto & workers compensation including AK business insurance costs. Call us (907) 531-9001.