Ok I have my own op authority but I was askied the other day by a gentleman if I would be interested in them leasing under my company. They have there own equipment and would pay me a precent of their earnings to operate under my authority. does anyone know what the requirements would be for an operation like this? for example, do they provided their own insurance or do I add them under my policy, is workman's comp required for independent contracted driver's, and so on.
He has told me they will own and operate all of their equipment, pay for their own insurance, vehicle maintenance, registration and so on, including booking their own freight. it's a small family team that works as contract drivers right now for an expedited freight company. They run sprinter vans <10k gvw. I'm having a difficult time understanding the advantage of running under my MC# if they are not regulated since they remain under 10k GVW and maintain all of their equipment. He made mention that under my authority, they can book there own freight and charge a higher mileage rate which increases their earnings and that would be the advantage.
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Leased driver not purchase
Discussion in 'Lease Purchase Trucking Forum' started by High Cotton Trucking, Jan 9, 2021.
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Run away from this deal! If they are using your authority, the insurance must be in your authority name. Also any points on roadside inspections go to you. You do not want any part of this deal.
TequilaSunrise, brian991219, baha and 1 other person Thank this. -
No. Don't do it...
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I drove a sprinter van and we were pulled in all the time. If you need an MC number you can be inspected.Jarhed1964 Thanks this. -
Jarhed1964 Thanks this.
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wulfman75 Thanks this.
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wulfman75 Thanks this.
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