HOW TO AGE YOUR TRUCKING AUTHORITY!!
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- Опубликовано: 14 янв 2024
- Hello guys and gals in this video we go over how to artificially age your trucking authority. It isn’t a secret that brokers are tightening their requirements when it comes to new authorities. This can be a death sentence to new trucking companies. In this video we go over an easy way to start trucking with the right foot forward.
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I am planning to buy 2-4 years old RAM 3500 and used 5-car hauler trailer of Texas Pride or Kaufman. Where can I find the most appropriate priced ones? Please someone inform me.
Alot of the brokerages are at 90 days.. Our company went from 60 to 90 days. Also people dont realize the broker when they put your mc into the system they just check for negative comments and thats it... The compliance department is the one that sets you up in their system.
Man, thank you so much, this was a great video and answered my question. Keep it up.
Thank you bro. I needed to hear this. 🙌
You such a nice and good guy. Love your videos. They are fast , to the point. Mahalo for the Alpha.
Genius!!! ❤❤ Great information
Great information!
Preciate your insights. Thanks!
Great Video!
So to confirm by using this method you would need to get the level 1 inspection within the first 6 months of using your personal vehicle for insurance ? Or you would get it directly after the duration of aging the authority on the actual commercial vehicle ?
Thank you for that you forgot to mention that when you open your new authority you have to open your fmcsa account with less than 10k on the weight, you can use your personal vehicle and when you spend the 3 or 6 month you change with fmcsa to 750k
"...have to less than 10 weight..."?
I understand each of those words individually, but the order in which you arranged them makes no sense.
explain what that meant
@@georgewashington1106it has to be 10k or less on your DOT for personal vehicle to be insured
@@georgewashington1106 different auto liability requirement to go active. Box trucks is above 10,001 GVWR which requires minimum 750k auto to go active.
Cargo van or vehicles below 10,001 GVWR only requires 300k auto.
Is it possible to do this strategy and work under someone elses authority at the same time? Or would we have to make our mc number inactive ? Which will defeat the entire purpose 🤔
On the subject of using a pick-up for your ins & mc#, what about taking it the DOT to get inspections while your waiting for your 6 mos to come up this way you'd have inspections for 6 mos as well.
New thought: Would intrastate season your DOT # ,but with intrastate only you don't have to have an active MC # that i no of.
The conversation gets a little confusing for me on these points.
If i where to guess I would have to have the MC # in order to get the seasoning your talking about. Whata yea think?
So, if I use my personal vehicle and its und the 10klbs will they try to check me for a ''HOS" logbook? ELD? and a dot med card? just any of the normal things they check for on a typical level 1 inspection. or is it a little different with a personal vehicle?
Would this work for a day cab ?
I am planning to buy 2-4 years old RAM 3500 and used 5-car hauler trailer of Texas Pride or Kaufman. Where can I find the most appropriate priced ones? Please someone inform me.
How much is that small truck insurance cost do you think? About.
Oh, you just mentioned it, $100-$200 , maybe. Thx
i talked to Progressive commercial insurance agent to get insurance but they told me that i gotta have Semi-truck. do you know any contacts or way what to tell the agent?
Planning to do exactly this. I just got my dot and mc today. I will be using a SUV I have to get the lowest insurance quote as possible in the meantime, but do I need a trailer with it to be able to be insured or it can be just the vehicle?
It can just be the vehicle
When calling insurance company to try and get the lowest quote in meantime, should I let them know I already have a LLC, MC and DOT set up for them to quote me or not?
I would love to be able to get into hotshot driving.
Did you get into yet?
Are you saying to activate ur MC# which costs $10 to $20k just to age an mc#. Who are you thinking will pay out $1500 a month.
Thx 4 the vid
No, I would probably give the video another watch
If you are over insured and bonded!
Problem solved. Even being knew to the business.
Most require $750,000.00 load insurance.
Ewhich i would go $1,500,000.00 in coverage.
Bonding of $1,000,000.00 by unemployment.
Iif you need more bonding you need documentation by your employer proving why!
I think we are on two different pages. When booking loads brokers couldn't care less about your insurance coverages, as long as you meet their required minimums. They almost all have rules about active authority time. The FMCSA requires $750,000 in Auto Liability insurance and $100,000 in cargo insurance to active authority numbers. With how crazy insurance prices are for new authorities most people wont be able to afford being overinsured.
Are brokers able to see if you’re moving loads while you’re aging? I’ve gotten mixed opinions on this, someone told me that even if you artificially age your authority brokers can still see that you haven’t moved any loads and they treat you like a new authority!
Not really, some brokers will look you up on carrier source and other profiles for rating, which your company would be unrated, but the biggest thing they are going to see is authority time and vehicle inspections.
Ive been a broker for 7 years, we do not check that... Because our compliance just checks you're in compliance to work with us and as long as there is no negative comments we will let you run. People get it confused, there's the broker and then their compliance department who sets up carriers.
I have my personal vehicle register under my name, can I insure under my LLC name. Will that work?
Or does the vehicle need to be register under the business for them to insure you?
You will be able to insure it under your company’s policy without issue, just keep a lease agreement from you to your company in your truck when hauling, For DOT
@@jlovetheflash5371 got it but does it matter to the insurance company?
Spoke to a broker and they said the vehicle must be registered to my business in order to insure.
They won't give you a level 1 inspection just because you ask from my experiance
Can I use any vehicle or it have to be a pickup truck
You can use any vehicle
@@jlovetheflash5371what if the vehicle isn’t registered to me or it’s my cousins vehicle?
@@hakimmuhammad6945 it won’t make a difference
@@jlovetheflash5371thank you
According to fmcsa carrier are considered new entrants for first 18 months
Yep that is correct, and during that time you will have a new entrant audit.
@jlovetheflash5371 you can't pass the audit if all your info is plugged to a daily driver car.
@@01spdrcr of course you can, you can follow every rule the audit requires, not every audit requires the same, there are companies that do local hauling, that don’t fall under the threshold for an ELD, or ifta, or IRP, every case is different. The audit requirements for a full blown OTR trucking company vs an SUV moving auto parts locally is going to differ.
With all that your insurance must be outragous
On the subject of using a regular pick-up truck when you pay for your insurance sign up for your MC#, can you use your own personal pick-up or should you use or buy a completely different one?
T4tvid mister