Leasing On Trucks to operate under our Authority

Just remember when you start hiring drivers, that you will have to legally have workman's comp and that can be anywhere from 12% to 25% of gross revenue. We thought about hiring a driver but got quoted 14% of gross for workman's comp. Which according to my agent was cheap as she had insured a lot of people for around 18% to 20% of gross.

There is another insurance and it's cheaper occupational harzard insurance which I got through OOIDA

I have several leased trucks over 50 and in the state of Texas you can by law waive the workman's comp , we have been in business over 15 years and still growing . So I believe it's a great way to keep both sides of the fence happy , rather than ins. We offer a substantial bonus at the end of the year.

You are right. I misworded it earlier. It is just one expense some people don't realize they need when they hire drivers. It adds up though. If your driver makes $150 day, which I would consider the bare minimum a driver should be paid, times 5 days a week and at 12% it would be atleast $400 a month per employee. Which is about $4800 a year. This is all calculated using a low pay figure. Now if you were making $200-$300 a day being a driver the numbers get pretty high for workman's comp. That is if you can get it for 12%. Now imagine if you have to pay 18%-20% or more, which won't be long because the way the work force is, you will more than likely have an employee get hurt or hurt themselves just so they can collect workman's comp. Unless you get lucky enough to find good drivers that wouldn't do that to you, but then again if you find good drivers like that, they will want top wage also. Just my two cents. Good luck out there everyone!

He must not have them leave Texas. If he did, legally he would have to have workmans comp. Only way I have found to not have to have workmans comp is to be owner of the company. I think in Nebraska they say minimum 10% ownership is required to not need workman's comp. I don't know if that is a Nebraska thing or nationwide. I was gonna check into it because my wife was thinking about getting her cdl and driving tag team with me when elogs go into effect.

I would be interested in leasing on. I have my own truck and trailer. What areas are you going to run? What are you looking to have as your lease package?

Eric, We run wherever there is good paying freight. We book our own loads with numerous brokers. It would be nice to talk, when you have a chance you could give me a call. Number is 573-880-2219. Thank you, Pam.

I was going to charge on a % also. Just not sure what the average rate would be???

The only way to waive W/C is if you are an owner and you can prove that by investing at least 15% of the company. I may be off a bit on percentage, but don't think you can replace w/c with occ ac for the same reason...

OOIDA charges $144.00 a month...