2 trucks one leased other own authority?

That doesn’t sound right. Why another Corp? First Trucks already set up, covered with insurance.

 

IRP has to have the carrier operating under as the safety. It will have to have the safety carrier changed on the registration.

 

I know a lot of people say to carry your own plate but in this case where you’re going to have one truck running under your authority I’d be inclined to drop the license on the other truck that you’re leasing on to the other carrier. I think it would make it simpler to run their plate on that truck. I don’t know the ins and outs with plates and IRP accounts when it comes to doing what you want to do.

 

Here are the problems you are facing doing this, not impossible but not easy either.

1 - As a motor carrier with your own authority, which is what you want to do with one of your trucks, your public liability policy with the MCS-90 form attached to it requires that insurance carrier to accept all legal liability for ANY commercial vehicle you may own or operate, even if it is not declared on that specific policy. The insurance carrier will likely be concerned that you may be tempted to use the other truck in your motor carrier operation occasionally or should that lease be dropped on the other truck then they would be liable even just for you to drive the truck back home and find another carrier to lease onto.

This is why they suggested you may want to own each truck in a legally separate entity, so they can have some insulation from accidental, or intentional, wrongdoing on your part. Not says you would but it happens daily and that is why they are worried. Many insurance carriers that cover small fleets or owner operators will not exclude a truck, even if it is off the road at the time, if they know you own it just so they are collecting enough premium to justify their risk.

Be upfront and honest with your insurance agent so they can help you and get you the correct underwriter the first time. Often I see clients get insurance without telling their agent all the pertinent facts, the agent usually asks but the truck owner doesn't think it applies to them or they don't really have the need to know, and it usually bits them in the arse later on. About a month after issuing a policy the underwriting department from the insurance carrier will do some investigation to audit the premium quoted as compared to what the actual risk is and they can then ether adjust the premium upwards or cancel your insurance all together. It is critical to be completely honest going into the insurance quote so you get a policy that will cover your true risk.

2 - The IRP and IFTA separate vs. combined accounts will depend on your specific jurisdiction. Each has slightly different methods for dealing with this situation. Most allow one account holder entity to set up separate "fleets" that can have different US DOT numbers/entities responsible for safety of the vehicle. I would look into this option so you always have your own base plate on both trucks, makes it easier when that lease does change and you need to find a different carrier.

 

The carrier the truck is operating under must be on the registration as the safety carrier. The one responsible for the compliance of the vehicle.
Some states make you get a new registration with the carrier listed, others it's just a notation in their system.