As a person seeking commercial insurance coverage in the Laurel area of Maryland, it is truly vital that you have access to the proper information on current minimum insurance requirements for commercial vehicles in this area. If you are driving a business owned car or truck you’ll need commercial insurance, especially if the vehicle ever does any deliveries.

At the current time, the state of Maryland requires you to have $20,000 in bodily injury coverage, which would apply if one person is injured or dies in an accident. You’re required to also have $40,000 in bodily injury coverage, which would apply in cases where more than one person is hurt or killed in an accident caused by you. Additionally, you will be required to have $15,000 in property damage coverage.

The state of Maryland also requires you to have uninsured motorist coverage with the same 20,000/40,000/15,000 limits discussed above. Finally, you must have personal injury protection of $2,500. Personal injury protection will help cover you if you were to get into an accident and need medical treatment such as seeing doctors or chiropractors.

The limits we have outlined in this article are the minimums that you will need to legally drive a commercial vehicle in Maryland. Driving with only the minimum amount of coverage is only advisable for certain groups of people, so it is very important that you and your independent agent discuss exactly how much coverage is truly necessary for your situation.

When you contact your independent agent about getting a commercial policy, be sure to tell him how many vehicles you’ll need to insure, what type of vehicles they are, who will be behind the wheel of the insured vehicles, and who is the legal owner of the vehicles. Make sure to give as much detail as you can, because this policy will help you stay legal and may even really be a financial lifesaver one day!

Commercial auto insurance is a must-have for any business owner. In Laurel, MD, it is a good idea to contact an agent and discuss your specific needs. Without coverage, your business, and potentially your personal financial situation, could be on the line if something happens to your vehicle or one of your employees. However, selecting the right coverage is just as important.

The Benefits You Need to Know

Getting commercial auto insurance in Maryland is critical. With the help of an independent agent, you can select the right policy for your needs. Keep in mind that having personal insurance coverage on a commercial vehicle is also not good enough. Here’s why you need it.

• If you are driving the vehicle and are involved in a car accident, your business could be held liable for the costs. In serious cases, this could lead to financial strain and significant lawsuits.
• If an employee is driving one of your vehicles and is involved in an accident while on the clock, that employee’s medical bills, not to mention any damage, could be your responsibility if you do not have insurance.
• Even if no one else is involved in the situation, an accident can leave you without a vehicle to use to operate your business. That in itself is too big of a risk for many business owners.
• Keep in mind, having commercial auto insurance, especially liability and damage protection is a legal requirement.

Getting auto coverage for your business is easy to do. Contact an independent agent so you can avoid any potential risks you face. Loss, liability and expensive accidents happen every day. It can even be an affordable option for most business owners and potentially a tax write-off for your business.