Today we’re going to go through the pros and cons of freight broker school, and hopefully at by the end of the blog you’ll be able to decide if it’s something you’d like to look into or avoid.
If you’re an owner operator truck driver, you need special types of insurance if you plan on moving freight for a broker. Just to be in business, you’ll need some types of liability insurance. Learn more here.
The basic framework of a typical broker-carrier agreement is made up of the broker and the carrier’s names and information, details about payment, and the insurance and liabilities that the owner-operator needs to have and be aware of going into the job.
Becoming an owner operator truck driver is a massive undertaking for anyone to attempt. If you do manage to get yourself off the ground and purchase the trucks, you are still left with one glaring issue, how do you find work?
If you partake in the freight broker industry, or for whatever reason you’ve filled out a broker carrier agreement, then you may have encountered something known as a load confirmation.
A bill of lading is a document that is required for nearly every hauling job. It acts as multiple documents at once, a receipt, a contract between carrier and shipper, and is a document of title.
The documents that you will come across the majority of the time are the bill of lading, insurance form, broker agreement, and the load confirmation. These documents are all crucial to the process, and each one is important in its own way. Let’s try to break them down a bit further.