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Get the Coverage You Need for Commercial Auto Insurance in Maryland
As of 2022, Maryland is home to more than 630,000 small businesses across the state.1 And we’re proud to help protect so many of them. In fact, over 1 million small business owners throughout the country trust The Hartford to protect their business. So, if you’re wondering “what is commercial auto insurance?” we’re here to help.If your small business owns any business vehicles that you or your employees drive for work, you’ll need el seguro comercial para automóviles. This coverage helps pay for property damage costs and medical expenses if you or one of your employees is in a car accident while driving a business vehicle for work. You’ll also need this coverage if you or your employees drive any personal vehicles for business reasons.
What Are Maryland Commercial Auto Insurance Requirements?
In Maryland, all vehicles are required by state law to have a minimum amount of auto liability insurance coverage. Maryland’s minimum insurance requirements for both personal and commercial auto insurance are:2
- $30,000 for bodily injury
- $60,000 for 2 or more people
- $15,000 property damage
You may also be required to have Personal Injury Protection (PIP), known as no-fault insurance. This coverage helps pay for medical costs, lost wages or funeral costs after an accident, no matter who’s at fault.
What Types of Businesses Need Maryland Commercial Auto Insurance?
If you’re wondering, “Do I need commercial auto insurance?” the answer is often yes. A business needs commercial auto insurance if you own, lease or rent any commercial vehicles for work. If your Maryland business uses cars, pickup trucks, box trucks or commercial vans to get the job done, you’ll need to have commercial auto insurance. Some examples of business auto insurance include:
Box Truck Insurance
Box truck insurance is a type of commercial auto insurance that’s designed specifically for businesses that use box trucks or straight trucks for work purposes.
Commercial Van Insurance
Commercial van insurance is a type of commercial auto insurance that protects your company-owned vans used for business.
How Much Does Maryland Commercial Auto Insurance Cost?
What you pay for commercial auto insurance in Maryland heavily depends on your industry and the types of vehicles your business operates. There are several other factors that may influence the cost of your commercial auto insurance coverage, including the:
- Type of business you have
- Type of vehicle your employee drives
- Driving records of your employees
- Typical travel radius driven
- Type of load the company vehicle is carrying
- Location of your company
Common Professions That Need Commercial Auto Insurance in Maryland
Although insurance requirements and availability will vary by state, there are many types of professions that need commercial car insurance to protect their business vehicles. The most common industries are:
What Does Commercial Auto Insurance in MD Cover?
If your business depends on any company vehicles to get the job done, you’ll need commercial car insurance to keep you and your employees protected. In MD, commercial auto insurance policies commonly include the following coverages:
- Bodily Injury Liability Insurance Coverage helps pay for the other driver’s medical expenses if you or one of your employees causes an accident.
- Property Damage Liability Insurance Coverage pays for damage that you or your employees cause to someone else’s property.
- Drive Other Car Coverage covers your business’ executive officers and their spouses if they drive vehicles that aren’t on your commercial auto insurance policy.
- Collision Coverage helps pay to fix or replace your business’ car if you hit something, like another car or pole.
- Comprehensive Coverage can help pay for damages caused by theft, fire or natural disasters.
- Medical Payments Coverage can help pay for medical expenses for your employees and their passengers in the event of an accident, such as medical treatments and rehabilitations, dental care or funerals.
- Uninsured/Underinsured Motorist Coverage helps pay for you or your employees’ medical expenses or to fix your car if you get into an accident with another driver who lacks enough liability coverage or is uninsured.
Hired and non-owned auto insurance offers lawsuit liability coverage if you or your employees are involved in an accident with a personal, rented or leased car that was used for business errands. However, this type of commercial vehicle insurance coverage won’t pay for damages to the personal, rented or leased car.
MD Commercial Auto Insurance FAQs
What Makes My Vehicle a Commercial Vehicle in Maryland?
Any vehicles like cars, pickup trucks or box trucks that your small business owns and uses for work purposes are considered commercial vehicles. Also, if you or your employees use any personal vehicles for job duties, like picking up supplies or making deliveries, these vehicles can be protected under commercial auto insurance too. Small business auto insurance can help you cover the costs of repairs and medical expenses if you or one of your employees get into an accident while driving for work – even if you’re not at fault.
How Do I Get Commercial Auto Insurance?
If you’re looking to get commercial auto insurance in Maryland, you can contact us at 855-860-9763 to get a free quote from The Hartford. Our specialists are here to help you find the right type of insurance for your business.
What Is the Difference Between Commercial and Personal Auto Insurance?
Commercial auto insurance covers your company-owned vehicles being used for business reasons, while personal auto insurance covers vehicles that you own and drive for personal reasons. Typically, all of your business’ employees with valid licenses would receive coverage under a commercial auto policy as additional insureds. In addition, your commercial auto policy typically offers more comprehensive coverages, like higher limits and liability coverages, that you won’t see in a personal auto policy.
Get a Free Quote for Commercial Auto Insurance in Maryland
Somos una compañía de seguro que tiene el respaldo de más de 200 años de experiencia. We know that your small business faces unique risks, so it’s important to be prepared when something unexpected happens. That’s why we make it easy for you to get a fast and free quote for commercial auto insurance in Maryland. Llame al 855-860-9763 to get a quote for commercial auto insurance today.
Additional Maryland Business Insurance Coverages
Última actualización: 18 de septiembre de 2023
1 U.S. Small Business Administration, “2022 Small Business Profile: Maryland.”
2 Maryland Department of Transportation, “Insurance Requirements for Maryland Vehicles.”
Divulgaciones adicionales a continuación.