Running someones vehicle on your authority

Yes. Your insurance company will need to check him out and approve him. Your MC number and name will need to be his truck also. He's pretty much leased on to you. If he gets violations it goes on your companies record and effects your CSA score. It's up to you to keep track of his license, IFTA, UCR, inspections, drug screening, logs and everything else. You become the safety person.

If he's a stand up guy none of this should be a problem. He will have to pick up all the additional costs to put him on your policy and all other fees.

 

Also, he will need to fill out an application for employment with you to keep on file. Give him a driving test and record the results. Send him for a drug test and keep the results and blah blah blah

 

The rental of the trailer at maybe $200 a week. All the additional costs of insurance and everything else I mentioned. If he's your friend and just helping him out maybe 5% of the line haul. I'm assuming he will be running off the load boards like ITS? If so maybe 10% at most if your looking to make more money off him.

All checks will come to you and in your name so you will be the one paying him. You will also have to keep track and issue him a 1099 at the end of the year.

In many states like mine here in NH you don't need workman's comp if your the only employee. More then one you have to have it. That can be a lot of money.

If he fails to give you his monthly cut of the insurance you have to cover it. If you don't your policy will be cancelled.

If this guy is brand new to driving chances are the insurance company won't take him on or they could increase your policy by up to $15,000 or more.

Honestly, it's not worth it.

 

You have to provide the cargo and liability insurance, but you can charge it back to him for his share. He can get his own physical damage coverage

 

As everyone has stated above, it's not as simple as slapping your DOT number on the side of his truck and he goes on his way, there is a lot of things you have to do first, just like anything else in life, this decision will either be a good one, or a nightmare.... best of luck to you!!