Met an expediter several months ago while at a dirtbike ride and he enlightened about the expediting world. Since, I've been seriously looking into making a swap from my current soul sucking job and have been asking my new found buddy all sorts of questions so figured I'd give him a break. I'm 25 and my first full time job was/is W-2 so the 1099 switch includes many new components and I've been struggling trying to gather useful info. Making the switch will make me drop all of my healthcare/ HSA, 401k benefits so I've been struggling trying to figure out cost of different insurances and unknown costs. I have a gig lined up if I want it, but want to clear up all of the unknowns prior to dropping $$ on a van.
1). Healthcare: I'm planning on using the state marketplace to find the most affordable coverage. Any other recommendations would be great, and estimated monthly cost of healthcare would be even better so I can budget to see if expediting will be worth. Most health care premiums are based on estimated annual salary which varies in this industry and I have no experience so trying to get accurate #'s has proven best guess.
2). Auto Insurance: To get a van insured do you all use business auto insurance or personal auto insurance? I'm assuming business, but since it would be my only vehicle it would be a mixed use when I'm not on the road. Non-trucking insurance would cover the cost of the personal side of things, right?
3) Any comments on need for disability insurance? I'm definitely a 'Better safe than sorry' guy, but wondered if there were other options available to ind. contractors.
4). Occupational Insurance: I have a job lined up if I want it and they have a policy available for $35 a week. Would this eliminate a need for disability insurance?
5).They would also pay cargo insurance and non- trucking insurance.
Lastly, any other expediting specific policies I am missing that I will absolutely need? Any gap insurance I should look into?
Thanks for any feedback. P.S. I've done a good bit of research and read previous forums so I'm asking for additional info since I couldn't find a ton of useful input. Not being lazy w/ all the questions.
1). Healthcare: I'm planning on using the state marketplace to find the most affordable coverage. Any other recommendations would be great, and estimated monthly cost of healthcare would be even better so I can budget to see if expediting will be worth. Most health care premiums are based on estimated annual salary which varies in this industry and I have no experience so trying to get accurate #'s has proven best guess.
2). Auto Insurance: To get a van insured do you all use business auto insurance or personal auto insurance? I'm assuming business, but since it would be my only vehicle it would be a mixed use when I'm not on the road. Non-trucking insurance would cover the cost of the personal side of things, right?
3) Any comments on need for disability insurance? I'm definitely a 'Better safe than sorry' guy, but wondered if there were other options available to ind. contractors.
4). Occupational Insurance: I have a job lined up if I want it and they have a policy available for $35 a week. Would this eliminate a need for disability insurance?
5).They would also pay cargo insurance and non- trucking insurance.
Lastly, any other expediting specific policies I am missing that I will absolutely need? Any gap insurance I should look into?
Thanks for any feedback. P.S. I've done a good bit of research and read previous forums so I'm asking for additional info since I couldn't find a ton of useful input. Not being lazy w/ all the questions.
