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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!