Can an O/O with their own authority purchase insurance through another carrier?

Discussion in 'Ask An Owner Operator' started by Rachav, Dec 17, 2017.

  1. Rachav

    Rachav Light Load Member

    53
    17
    Aug 4, 2016
    0
    If I'm contracted with another carrier, is it unusual for them to allow o/o to purchase insurance through them? Meaning they take it out of my settlement every week.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. blairandgretchen

    blairandgretchen Road Train Member

    10,426
    48,521
    Dec 9, 2011
    South west Missouri
    0
    I’m not sure your title of post, and then content quite match. Can you clarify?
     
    Steel Tiger Thanks this.
  4. LoJackDatHo

    LoJackDatHo Medium Load Member

    445
    749
    Jan 26, 2017
    0
    If they are self insured, yes they can insure you.
    Just be careful what they charge bc self insured companies post a bond. It costs them pennies on the dollar to do so

    Also yes you have to have the phys-dam, liability and cargo through them. The only insurance you can buy on you own is bobtail, if you are running their numbers
     
    Rachav Thanks this.
  5. nax

    nax Road Train Member

    1,999
    2,251
    Dec 14, 2016
    0
    @blairandgretchen

    The more I read it, the more it sounded like carrier A is brokering loads to carrier B, via a lease-on agreement?

    Unless carrier B has no true authority

    And thru the leased-on, they deduct for insurance
     
    blairandgretchen Thanks this.
  6. Rachav

    Rachav Light Load Member

    53
    17
    Aug 4, 2016
    0
    Hi,
    I meant to ask from the standpoint of a lease operator who is getting their own authority. If I'm currently leased onto a carrier, and I'm in the process of getting my own authority. Can I purchase insurance from that carrier to complete my authority? I already pay for the insurance for my leased truck, and I want to know if that will suffice. The OOIDA said the only step left is to get insurance and then my authority will be active.
     
    blairandgretchen Thanks this.
  7. blairandgretchen

    blairandgretchen Road Train Member

    10,426
    48,521
    Dec 9, 2011
    South west Missouri
    0
    That’s kinda what I gathered from the question - I think @LoJackDatHo got it, if your understanding of the question is correct.
     
  8. LoJackDatHo

    LoJackDatHo Medium Load Member

    445
    749
    Jan 26, 2017
    0

    I take it as though the 0P is asking if he were to lease on to a carrier and run their MC and DOT numbers, he would have to run there insurance with the exception of bobtail, which he is allowed to purchase on his own. Now if he had his own MC and DOT authority he can run his own insurance but the carrier with then act as a broker to give him his loads in which case they would have to have a brokers license
     
  9. blairandgretchen

    blairandgretchen Road Train Member

    10,426
    48,521
    Dec 9, 2011
    South west Missouri
    0
    Ok - that’s a lot clearer.
     
  10. nax

    nax Road Train Member

    1,999
    2,251
    Dec 14, 2016
    0
    Short answer: No

    What TYPE of insurance do u carry...please break it down for us. I.e. coverage / limits (on the one u are paying for on leased truck)
     
  11. LoJackDatHo

    LoJackDatHo Medium Load Member

    445
    749
    Jan 26, 2017
    0
    If you are getting your own authority, then you need to get your own insurance that will be tied to your company, you cannot run another carriers insurance on your authority. My understanding is you can only run another carriers insurance if you are truly leased on to them, in which case as I said in the statement before you would have to run their insurance
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted