Hey guys I have a quick question... I'm about to lease on to a local company and they require me to have my own insurance and DOT number. I have the DOT number already, but I'm still shopping for insurance. The thing is I will be operating under their authority. My own DOT #, my own insurance, their drug testing plan, their elogs. Does this sound right? Is there any down sides to doing things this way for me? I'm currently leased on but I run under company authority without my own DOT # and I only have bobtail and phys damage.
Own DOT #, still leased on under company authority?
Discussion in 'Ask An Owner Operator' started by xairx, Oct 5, 2019.
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That doesn't sound like a lease, sounds like a partnership, make sure to read the contract. They are probably getting smart about the whole 1099 deal company's been doing. Make sure they're paying you a lot more than a lease.
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Every month 400 people find a job with the help of TruckersReport.