Hey guys! (This is my First post!)
I’m 23, based in Chicago (I dont mind moving) & I’m getting ready to start an OTR career. I’m agressively seeking the highest pay possible, and independence, but I’m having difficulty with companies insuring me (I have 1 ticket more than a year ago & no accident history). I just recieved my CDL by studying online and renting out somebody else’s truck. (Call me dumb, but I did it in half the time & a quarter of the $$.)
There’s a company that wants to pay me well ($0.60/mile, new trucks & all, no long term contracts) but they’re a little sketch & want to have me training and driving with insurance under somebody else’s name. I’m trying to understand the full risk implications this would entail.
What happens if I get pulled over and the insurance is under somebody else’s name ?
(I’m open to trucking references too! Preferably legal () with GOOD pay. - If that’s allowed on the forum)
Thanks for your answers!
Young, no experience, insurance problems
Discussion in 'Questions From New Drivers' started by Timmy Fran, Nov 1, 2018.
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Timmy Fran Thanks this.
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1099 you may bear any liability in an accident, which can run into the millions of dollars. There are law firms that specialize in suing trucking companies and drivers and they're experts at it.
OK, you got your cdl in "half the time & a quarter of the $$", but still unemployed.
Try Craigslist and maybe you'll find what you want. Make lots of phone calls and leave lots of messages.Timmy Fran Thanks this. -
Timmy Fran Thanks this.
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So the only legal way to go is W2 employee? (Sounds illogical) and isn’t that what insurance is for - Accident risk?
70cpm.? Without experience? I’ve been looking in the wrong spot then! -
.70 cents-per-mile isn't much money when you have to make your own deductions for taxes, such as federal, state, social security, workers compensation, plus no medical or retirement benefits. Legally, you must file taxes every 3 months, but many drivers ignore that and still file once a year.Timmy Fran Thanks this. -
I think I would still prefer a 1099 situation.
But where are the .50cpm w2 and .70cpm 1099 companies in Chicago, you know of any off the top of your head, or should I give Craigslist’s a shot?
Thanks guys -
You can make average $1500 weekly on W-2 working for FFE (Frozen Food Express) running teams doing LTL. You'll have a full benefits package there also. They have a terminal in Chicago.
@TravR1 can give you tips on FFE; he works there.Timmy Fran Thanks this. -
cody martinez, jt road hammer, Tb0n3 and 1 other person Thank this.
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