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Getting bobtail insurance and maintaining my authority

Discussion in 'Ask An Owner Operator' started by jacausey, May 18, 2022.

  1. May 18, 2022 #1
    jacausey

    jacausey Bobtail Member

    11
    12
    Mar 4, 2012
    baconton
    0
    I have my own MC# and I am looking at leasing on with someone else for a few different reasons.

    I seem to be hitting a wall getting a bobtail/ non trucking liability policy. No one wants to sell me a bobtail policy while I still hold an active authority. I do not want to revoke my authority yet so if things do not work out I am not starting over at square one back on my own. Does anyone know of a work around to this? Could I transfer my MC# to my wife or one of my children? Has anyone else done this before? Any ideas are welcome.
     
    jacausey, May 18, 2022
    jacausey, May 18, 2022
    #1
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  3. May 18, 2022 #2
    ProfessionalNoticer

    ProfessionalNoticer Road Train Member

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    7,858
    Apr 25, 2021
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    You can’t have an active authority unless you have the minimum liability insurance. You'll have to keep a policy active for your numbers to stay live. You should have no problem getting Bobtail or NTL separately while running under another carrier. Maybe start a Corporation to for your authority and run as a sole prop on the lease.
     
    ProfessionalNoticer, May 18, 2022
    ProfessionalNoticer, May 18, 2022
    #2
  4. May 18, 2022 #3
    jacausey

    jacausey Bobtail Member

    11
    12
    Mar 4, 2012
    baconton
    0
     
    jacausey, May 18, 2022
    jacausey, May 18, 2022
    #3
    ProfessionalNoticer Thanks this.
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