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: