3 Tips for the New Owner Operator

Commercial or owner Operator Truck Insurance Iowa

Congratulations! You have decided to make the jump from one of the many employed truckers on the Iowa highways to an owner-operator. There are certainly many advantages to being your own boss. As an owner-operator, you will be able to choose your schedule, choose your loads, and much more. You will also be able to leave the company conflicts and competitiveness in your rearview mirror. However, all the freedom you will have will also come with many responsibilities.

We want you to have as much success as possible during your first year as an owner-operator so we are sharing some tips that we believe will help you find great success.

Tip 1: Your Expectations Should Be Realistic

We know that becoming an owner-operator will provide you with many opportunities to improve your revenue stream, but you can expect to come out of pocket for several types of expenses. In your first full year as an owner-operator, you will have to lay out some cash for maintenance, repairs, lodging, meals, insurance and other expenses. We encourage you to do a significant amount of research so you can determine what expenses you can expect so you will not be caught by surprise.

Tip 2: Make An Informed Trucking Decision

Whether you want to purchase a new or used truck or lease a truck, you should always do your homework. You will need to consider the fuel economy of your truck and the age of the truck. It will also be a wise choice to obtain as much useful information from other owner-operators about trucks, engines, and mileage expectations. You can also place your focus on the reliability and longevity of the truck when determining performance expectations.

Tip 3: The Business Owner Mindset

Trucking will now become your business and you will need your truck to get the job done. It will take a great amount of effort and time in order for you to find the level of success you want. In the beginning, you can expect to drive a significant amount of hours and do extra work that does not involve driving so you can keep your business running. All the responsibilities that once belonged to someone else now belong to you. You will need to be able to find a balance between your work and your home life when you are trying to make a decision on which loads to take.

You will need to be prepared for whatever comes your way in the trucking industry. One of the things you will need to do as you take the steps to become an owner-operator is to find the right owner operator truck insurance. At J.E.B. Insurance Services, LLC, we want to make sure you are equipped with the right insurance before you head out on the highway. Contact us today for more information on our services.

David Ott

David Ott

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