MC pending activation...Can I lease on to friend's MC (until mine activated), carry my own insurance,etc, and how not to blur my income with his?
Lease On w/o Active MC
Discussion in 'Ask An Owner Operator' started by MHC, May 15, 2014.
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No reason you couldn't as far as I know. As for insurance, you can carry your own bobtail policy, and stuff like workers comp., supplemental business insurance, etc. but you will be under the policy of the Motor Carrier you're leased on with when it comes to Cargo and Liability insurance.
Just be sure to check the requirements for having a proper paper-trail established, such as adequate lease contracts, for instance. It's necessary, and not too difficult. You can most likely find some example lease contracts from some of the big carriers. Call a few of them and ask to see a copy of their lease contract- implying you're possibly interested in hiring on with them. From those you'll be able to put together something suitable, probably. The paranoid side of me says to just pay your attorney to either draft one for you, or to review one that you make yourself, before putting it into force.
Good luck on the new venture.MHC Thanks this. -
got my mc active in about ten days,i dont c why you wanna run under your freind mc??if you dont have money and you need to run then you shouldnt be getting your own mc to begin with
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It's about getting to work.....
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Slow down Here..........With an attitude Like that, You'll be done in 6 months, THINK
What,Are you getting overly Excited and anxious looking at Brokers posting Freight on Loadboards? I Bet You have a big Cheesy Smile from ear to ear looking at 100's of posted Loads....You'll See what I mean. -
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The correct answer is NO. -
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Really the insurance and compliance stuff will take longer and cost more than the 10 days or so for your own authority to become active. You are far better off waiting than risking an impound or compliance problem.
A month from now you'll wonder why you were worried about that two week wait.
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