Running under someone’s authority

My husband and I are buying a truck threw his boss. He is a company driver as if now, going over to owner operator. We applied for an LLC, and the contract is super basic on payments. We're told that the company will pay for the insurance, fuel, IFTA, tolls etc. And take it out of his settlements. Our payments are $2000 a month on a $25,000 truck. My question is is it okay to LLC when leased on to a company and or while buying the truck threw them. Any advice would be appreciated.

 

Some want to lease me on to ther authority by just give me there dot and MC and dispatch me at 10% . They said I don’t have to use be add to insurance because it a rental vehicle??? Help me figure this out

 

I'm not sure why you're making the recommendation that the insurance is the driver's problem. If the carrier has a record of business, he's able to provide insurance at a reduced cost to the operator. Nothing wrong with that, especially if he thinks he has a good driver leasing on.

 

Hello, I have a question just starting out and I am running under someone authority.
Can someone explain to me all the steps I need to get started?


Thank you

 

Start a new thread and ask more specific questions.

 

Hello, I have a question just starting out and I am running under someone authority.
Can someone explain to me all the steps I need to get started? Like online paperwork?

 

Ask your carrier.

 

You do not need a EIN if sole proprietor. Just use ssn. However, it is easier if you have one to register 2290 online via email mail.

 

Do not need ein if sole proprietor. Just use ssn.

 

Stop callng it 'Bobtail' insurance.Non-trucking Liability covers the public 'liability' instead of the carrier's insurance when you are not 'under dispatch'.

Some guys think any time they are bobtail the need to use their NTL card in an accident where they should use the carriers insurance ID.

If you are dispatched to anywhere and you have to bobtail back; you are still under dispatch; your NL won't cover it and your insurance info on the PD report turns into a dead end for the other party.

Regarding having your own insurance is a grey area.

Carrier suplies general liability and cargo while you need your Non Trucking Liability and Physical Damage coverage. The carrier's liability protects the public against the damage you do with their load and possibly their trailer BUT does not cover the damages to your power unit.

The carrier's insurance will always be primary if you are leased to them. You may have your own DOT number and general liability but your cannot insure the carrier's load unless the carrier is also a broker.