Pros and cons, O/O leased/authority

So what are the pros and cons of being leased on to a company verses having your own authority? And the differences in running your business? Is it just the fact that the o/o that is leased out to a company gets there insurances etc covered and fuel advances?...

Sorry for the stupid questions I am new bare with me thanks guys.

 

Ok so it's not a bad idea to try and get leased out..as long as its with the right company. What are some decent companies to hook up with? I am located on the east coast ..newengland area to be exact (Boston)

 

So basically you own the truck and the company owns you....until you get your own authority and pay up for everything and full price like insurances, fuel, parts ETC. you are stuck with them?

 

Well that's another thing, I have a few options dry van, possibly a reefer, dump body (running dirt,sand,salt locally), possibly flatbed ...I am trying to figure out if I can generate more revenue with my local contacts or if I should start running over the road I really don't want to be away from home weeks on end But I'll do what I got to do to stay afloat ..I'm just feeling out my options and making sure I have something to fall back on.

 

Because I am from newengland and the contacts I have with in the companies that I would run for usually don't run threw the winter months and if they do it's very very selective and slow... So I am just trying to keep my options open and make sure I can always stay busy and have a fall back plan..

 

Just so we are clear I am not driving YET nor have I purchased a truck YET...I am just getting started so I am doing and have done plenty of research..... O/O is 200% exactly what I want to do.