The government agencies are working full speed on making lows and requirements on this particular matter. So besides the regular trucking expenses, you should also worry about and try to not upset the government agencies like:
- US Department of Transportation (DOT);
- Federal Motor Safety Carrier Administration (FMCSA);
- Occupational Safety and Health Administration (OSHA);
- United States Environmental Protection Agency (EPA);
- United States Department of Labor (DOL);
- Federal Highway Administration.
An average individual health insurance cost is about $3,400 per year. This cost can be reduced if you have family plans. There are few states where workman’s comp is required for individual proprietors, but in most its up to you to decide whether you want it or not.
In case you decide to go with it, then you should add up additional about $ 180 per month on the existing insurance expenses and with that on the overall trucking expenses.
Food Expenses
You might be surprised but the food is also one of the biggest trucking expenses and its right after fuel and truck maintenance cost. As an owner operator you will be out of home a lot. Eating restaurant and diner meals on the road and in the truck stops can add up quick though!
