Is it possible to open MC# and not to use it for the first 3-5 months, so the period while some brokers don’t want do give loads to new MCs pass?
Do I need to buy cargo insurance and to put truck under that MC# or I can just open MC# and wait few months?
New MC#
Discussion in 'Ask An Owner Operator' started by jaguar011, Sep 24, 2018.
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Open MC and get insurance. Without insurance MC is not considered active.
Can not just open and waitbrian991219, jaguar011 and DSK333 Thank this. -
Nice try, OP. Pay your dues like the rest of us.
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You can do that. You would just need $750K in auto liablity. Having just gone through the first 90 days under my authority, I don't think doing what you laid out above is cost effective though. Brokers will work with you, especially if they need a truck. There will be some that won't though out of the gate. I've spoken with some brokers that claim they need up to 2 years of active authority before they would work with you. I thought that was a bit much when they had said that though.
jaguar011 Thanks this. -
Like the others have said, don't worry about the new authority period, simply go and find the best loads you can as a new company and it will sort itself out. It will cost you more to have the insurance and not use it that the lower paying rates you will get as a new carrier.
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