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Leasing someone on

Discussion in 'Ask An Owner Operator' started by Dadetrucking305, May 5, 2022.

  1. May 5, 2022 #1
    Dadetrucking305

    Dadetrucking305 Heavy Load Member

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    Cibolo,Texas
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    I have a buddy that wants to lease on with me for a month till he activates his MC.He has insurance and plates.Will his insurance work or does it have to be mine? Also besides contract and running my dot & Mc number what else am I missing? And what does someone charge for this? Just want to make sure I don’t miss anything if I tell him yes.
     
    Last edited: May 5, 2022
    Dadetrucking305, May 5, 2022
    Dadetrucking305, May 5, 2022
    #1
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  3. May 5, 2022 #2
    ProfessionalNoticer

    ProfessionalNoticer Road Train Member

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    If he's under your authority then he has to also be on your insurance.
     
    ProfessionalNoticer, May 5, 2022
    ProfessionalNoticer, May 5, 2022
    #2
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  4. May 6, 2022 #3
    Around the block

    Around the block Bobtail Member

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    Here, it's around 10% of your full rate to do this for him, all else excluded. That usually includes guarantees that you'll pay him even if your direct customers don't pay you...
     
    Around the block, May 6, 2022
    Around the block, May 6, 2022
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  5. May 6, 2022 #4
    Short Fuse EOD

    Short Fuse EOD Road Train Member

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    For one month, you are doing yourself no favors. MVR, clearinghouse, insurance, verify physical is done by approved doc, drug test, equipment inspection, employee handbook, lease agreement, training, elog if applicable, tax forms, onboarding….
     
    Short Fuse EOD, May 6, 2022
    Short Fuse EOD, May 6, 2022
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  7. May 6, 2022 #5
    Midwest Trucker

    Midwest Trucker Road Train Member

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    Not worth it for one month likes been mentioned. Has to be your insurance.

    And... in my opinion for the 10% that was mentioned, no amount of leased on time frame would make sense.
     
    Midwest Trucker, May 6, 2022
    Midwest Trucker, May 6, 2022
    #5
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  8. May 7, 2022 #6
    Dadetrucking305

    Dadetrucking305 Heavy Load Member

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    Sep 15, 2011
    Cibolo,Texas
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    Yeah that’s definitely a lot to get lined up for a month.I’m just going to tell him to wait it out.Thanks,I definitely appreciate it.
     
    Dadetrucking305, May 7, 2022
    Dadetrucking305, May 7, 2022
    #6
    Short Fuse EOD, ProfessionalNoticer and Midwest Trucker Thank this.
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