When you own a business in Maryland, you need certain types of business insurance. Commercial insurance is required for many businesses, while some don’t require it. Find out which types of commercial insurance may be required for your business. Call us at Mid Atlantic Insurance Financial in Laurel, MD when you need commercial insurance.
Workers’ Compensation Insurance
Workers’ compensation is a type of commercial insurance that most businesses in Maryland are required to have. Any business that has employees must have this type of insurance. This is true whether you have one employee or one hundred or more. It’s also required for part-time employees as well as full-time workers. Many expenses can come from an injury that happens at work. You’re generally responsible for the bills when you have an injured employee. This can include medical bills as well as disability payments. When you have this type of commercial insurance, it will pay for those bills, so your business won’t suffer.
Commercial Auto Insurance
Your business will own several things, and one or more vehicles may be among them. When a business in Maryland owns a vehicle, it has to be covered by a commercial auto insurance policy. These are required to have different types of coverage in them. These are bodily injury liability and property damage liability. If your work vehicle gets into an accident or otherwise causes damage, this policy will pay for those damages up to its limit. The amounts required in the state are relatively low, so it may be a good idea to add some coverage to the required minimum amounts. If you have a trucking business, you might have other coverage types to comply with the law.
Get Commercial Insurance
Get your business insurance through us at Mid Atlantic Insurance Financial in Laurel, MD.