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Leasing on to a company and want to keep my authority active

Discussion in 'Ask An Owner Operator' started by Dadetrucking305, Apr 25, 2023.

  1. Apr 25, 2023 #1
    Dadetrucking305

    Dadetrucking305 Heavy Load Member

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    Cibolo,Texas
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    So I’m going to be leasing on with a company and they are providing insurance.The only thing I need is bobtail insurance.What I’m wanting to know is if I can still keep my authority active and reduce my liability to 750k which from what I read is the minimum requirement to have an authority ? Also will this cause any problems by keeping my authority active?
     
    Dadetrucking305, Apr 25, 2023
    Dadetrucking305, Apr 25, 2023
    #1
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  3. Apr 25, 2023 #2
    Cat sdp

    Cat sdp . .

    20,969
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    Apr 8, 2012
    Orion's Belt
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    You can do that you just have to keep all your paperwork up . However some carriers like landstar want proof you pulled your authority…..
     
    Cat sdp, Apr 25, 2023
    Cat sdp, Apr 25, 2023
    #2
    Dadetrucking305 Thanks this.
  4. Apr 25, 2023 #3
    ibcalm19

    ibcalm19 Road Train Member

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    Nov 30, 2015
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    I leased on to a company and kept my authority active. I didn't make any changes to my insurance. It is more than sufficient while you are bobtail.
     
    ibcalm19, Apr 25, 2023
    ibcalm19, Apr 25, 2023
    #3
  5. Apr 25, 2023 #4
    Mnmover99

    Mnmover99 Light Load Member

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    Oct 22, 2022
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    Make sure that the company that is responsible for the insurance is set apart by Operated BY next to the name and DOT number. Other than bobtail insurance it makes no sense to pay for the same insurance twice. Once on your own, and the second by giving the carrier you are leased to their percentage of the revenue.
     
    Mnmover99, Apr 25, 2023
    Mnmover99, Apr 25, 2023
    #4
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