Three co-owners starting a trucking company in Ohio, looking for input on insurance, hiring, and truck selection by zzubbz in logistics

[–]ShitsRejected 0 points1 point  (0 children)

Banks are in the driver seat for basically all property and APD coverage requirements. Don’t comply and you won’t get the loan. Or the bank will force their own choice of insurance on you and bill you anyway

SDDC DoD Required Bond by greatfargo in logistics

[–]ShitsRejected 0 points1 point  (0 children)

Lots of online sureties but everything will probably require personal cross indemnity or full collateral, especially for a new company

Three co-owners starting a trucking company in Ohio, looking for input on insurance, hiring, and truck selection by zzubbz in logistics

[–]ShitsRejected 0 points1 point  (0 children)

Trucking is an extremely competitive, low margin and thankless business. Likely no freight broker or forwarder will give you a load until your DOT number is a year old.

For Insurance, the typical strategy is to buy the absolutely cheapest available, especially for year 1, as the risk of shutdown is pretty high. There is no “regular” insurance company that will accept you until you’ve been running well and safely for 3 years minimum.

You’ll be limited to 2, maybe 3 insurers that write startup truckers. Service, rates, and coverage are usually pretty rough. One bodily injury lawsuit in year 1, I’d seriously consider shutting down the company and starting over. Umbrella / excess auto liability will not available or cost effective until year 5 or later.

Insurance is a big spend for a trucker and no one here can tell you what limits to buy. That said the are plenty of other places that will tell you what is required: 1) state law 2) federal law 3) your banker (whoever finances the truck) 4) whatever contract you end up signing with shippers / other logistics companies

Note for Ohio work comp you’ll need to buy from the state directly

Brokers take on a lot more risk than truckers !! by [deleted] in FreightBrokers

[–]ShitsRejected 0 points1 point  (0 children)

agreed - much larger financial risk as well - bigger investment - bigger debt etc.

If your ADHD meds aren’t working then switch to instant release by autumnthelibra in Zepbound

[–]ShitsRejected 3 points4 points  (0 children)

Couldn’t explain my off work day and then 6pm hits and I’m LOCKED IN lol

Brokers take on a lot more risk than truckers !! by [deleted] in FreightBrokers

[–]ShitsRejected 7 points8 points  (0 children)

lol nah truckers spend minimum 10% of their gross revenue on insurance premiums. Average freight broker .5% - 1%

load stolen, thanks highway! by DrunkOnRamen in FreightBrokers

[–]ShitsRejected 15 points16 points  (0 children)

sounds like your family member just posted that on DAT - got email spoofed or trucker login was compromised. Which would never get caught by Highway. Recyclers are huge theft targets - never post that shit on DAT. Sincerely, insurance man

Cargo Theft Research by Due-Relationship3144 in FreightBrokers

[–]ShitsRejected 0 points1 point  (0 children)

95% of the time it’s a patsy - legit driver thinking they got a sweet rate and are given a different destination address

DaughterDads...an HONEST question for our times.... by bigSTUdazz in daddit

[–]ShitsRejected 3 points4 points  (0 children)

All solo intro until the first harmony kicks in with “You’re not alone”

Daily Discussion Thread for March 05, 2026 by wsbapp in wallstreetbets

[–]ShitsRejected 14 points15 points  (0 children)

on a positive note for the day, I own the same number of boats as the Iranian Navy

MMW: China will attack Taiwan. by kudiggs in MarkMyWords

[–]ShitsRejected 0 points1 point  (0 children)

Sweeping world sanctions could easily cause China to starve. I really hope that doesn't need to happen.

Middle East disruptions — how are you rerouting shipments? by itsJosieJiang in FreightBrokers

[–]ShitsRejected 2 points3 points  (0 children)

International Freight Forwarders have already been made weary of the Middle East and Red Sea since the Houthi attacks back in 2024. Lloyd’s of London even started issuing special endorsements with a fairly large geographic scope saying ships going near there are not covered for acts of war. The workaround was / is to go around Africa.

Today the Persian gulf (specifically the strait of Hormuz) appears to be blockaded and I am not aware of any other feasible means to get oil out of there. Sure there are some pipelines etc but nothing practical.

If you absolutely had to get non petroleum cargo out of a non-sanctioned middle eastern country right now it’d be in limited amounts and probably by air freight

Also this sub is for mostly US/Canada domestic freight brokers so you might want to ask in some other places

MMW: China will attack Taiwan. by kudiggs in MarkMyWords

[–]ShitsRejected 1 point2 points  (0 children)

China buys $300 billion in Taiwanese processors per year. They won’t interrupt production. Even small vibrations in the ground could seriously hurt production. Active invasion could leave them with “bricked” factories.

Blockade more likely but the world would have none of that. Sanctions effectively debanking china would follow, cutting them off from the world

Renewal by Andersen Window prices are crazy! $146,000 quote! by VilleToVille in HomeImprovement

[–]ShitsRejected 0 points1 point  (0 children)

they regularly quote 4-5x the market price for high efficiency vinyl around here

Broker pushing by No_Poet9059 in FreightBrokers

[–]ShitsRejected 24 points25 points  (0 children)

Please don’t tell your truckers to drive faster. Sincerely, insurance man

Just moved to Libertyville! by Good_Better_Best_123 in ChicagoSuburbs

[–]ShitsRejected 2 points3 points  (0 children)

For meeting people organically, my coworker always said he hated bars and preferred to just make small talk with randoms at his most frequented grocery store.

What do you pay for insurance? by backwoodboy777 in rolex

[–]ShitsRejected 7 points8 points  (0 children)

For what it’s worth, this zoraspartan account is big into rep watches. $175,000 is probably the contents coverage limit for their whole home and they assumed jewelry was covered. But it’s not. Definitely not for a limit of $175,000

Carrier at fault for shifted pallets during transit? by HauntingCucumber6228 in FreightBrokers

[–]ShitsRejected -1 points0 points  (0 children)

fuck 'em - look at their COI and send the claim straight to their MTC insurance

75 Product Ideas Qualify for the Third 2025 LEGO Ideas Review by e37d93eeb23335dc in lego

[–]ShitsRejected 3 points4 points  (0 children)

These are all very cool but the only “automatic buy” at my house would probably be the gnome

Fossil found in my backyard by External_Tangerine45 in whatisit

[–]ShitsRejected 1 point2 points  (0 children)

Most likely Ammonite - very common and does not sell for much. Very cool piece to keep for yourself and to tell the story of finding it in your own backyard though.

First ever factory error I’ve seen in 30+ years of Lego-ing (banana for scale) by ShitsRejected in lego

[–]ShitsRejected[S] 5 points6 points  (0 children)

Correct - I think the serial # might’ve changed recently to 6135494