Authority without a truck?

33k had to be for a full year. No way you can afford 66k in insurance per year.

Even still 33k is straight outta hand. Good luck keeping a float paying that premium .

 

Pretty sure you can get a insurance policy for just the authority. You pay the cargo and possibly liability for the numbers. Just call a local commercial insurance company.

 

Leased truck and trailer. In order to own active authority you'll need to obtain insurance. And to have an insurance you'll need equipment (and their vins).

 

Yup. And we need someone on the insurance side of the business to jump in here.

 

Man i feel for you on that one. Wow! My qoute from Progressive was 22k for a full year. 1/2way thru i was put in touch with a lady from Rohmer Ins. and she found me a cheaper policy. My premiums went from $22k to $14k. I also carry $350k cargo. One of my customers requires that

Edit: the weird part about the new policy tho was i had to wait a full year before i could expand the business. I wasn’t allowed to buy any trucks or trailers until the year mark was up

 

That’s the right answer. The only insurance you need is liability minimum of $750k although you’ll need to increase to 1 million as most Brokers require that amount also Cargo ins minimum amount $75k also will need to increase to 100 k as that’s usually required . Having a Truck isn’t required . For instance you could be 100 % O/O like Landstar is. I may be wrong on Cargo Minimum required by Law but you get the idea I hope.Personally I would not get it until ready to use due to the big expense.Theres lots of Brokers that will book you and also you will then have references. In 14 yrs an 1711 loads only been refused a hand full of time.My response is Are you sure you even have the freight? I don’t beg for work . Remember You have the Truck therefore the Power to make it happen.Best wait till ready to roll or run Others under your Authority.

 

Last 3 former insurance Commisioners went to Proson Lol

 

Yes