Commercial Auto Insurance
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Commercial Auto Insurance Information
Many businesses can’t operate without the proper vehicles in place to deliver products or vehicles, travel between shows, or take business trips. Unfortunately, commercial vehicles often face an even higher amount of risk than personal vehicles on the road. When your employee drivers a work vehicle, it is not only that employee who may face the consequences for an accident. Any accident involving your business’ vehicles may fall back on your shoulders, which is why it is crucial to have a commercial auto insurance policy.
Saratoga Insurance Brokers works closely with business owners to tailor commercial auto insurance policies specifically for your needs and your budget. We are dedicated to making sure every asset of your business is covered so that you can operate without worry.
What Does Commercial Auto Insurance Cover?
Commercial auto insurance policies are designed to protect people both in and out of the vehicle. So long as an employee is given permission to operate the vehicle, that employee should be covered. Basic coverages included under a full coverage commercial auto insurance policy consist of:
- Comprehensive Coverage: This provides compensation for damages to the vehicle caused by fire, wind, hail, lightning, smoke, falling objects, theft, vandalism and other incidents not including collision.
- Collision Coverage: This provides compensation for damages to the vehicle caused by a collision with another vehicle or object.
- Liability: This covers bodily injury and property damage the driver may cause someone else while operating the insured vehicle.
- Personal Injury Protection: This coverage — commonly known as PIP — provides compensation for medical bills the driver and their passengers may face after an accident, no matter who is declared at-fault for the accident.
- Uninsured/Underinsured Motorist: This insurance covers expenses related to an accident with another driver who is not carrying insurance.
- Roadside Assistance: This coverage helps with trip interruption expenses, such as running out of gas, popping a tire or needing to be towed.
You may also need Hired or Non-Owned Auto, which covers vehicles used but not owned by the business. This may include rented vehicles and employee cars.
Is Commercial Auto Insurance Required?
In general, auto insurance is required for all vehicles operating on Maryland roads. Commercial auto insurance may not specifically be required, but a personal auto insurance policy may not cover the vehicles used by your businesses for work purposes.
Maryland requires all vehicles, regardless of whether they are commercial or personal, to carry at least:
- $30,000 in bodily injury liability per person
- $60,000 in bodily injury liability per accident
- $15,000 in property damage liability
- $30,000/$60,000 in uninsured/underinsured motorist liability per person/per accident
- $15,000 in uninsured motorist property damage
- $2,500 in personal injury protection (PIP)
Insure Your Commercial Vehicles Today
Protect your company’s vehicles today. Call Saratoga Insurance Brokers at (410) 781-6396 or fill out an online quote form to get started.
Common Commercial Auto Insurance Questions
Commercial auto insurance works generally in the same way as a personal auto insurance policy. The main difference is that the policyholder—in this case, the business owner—won’t necessarily be the one operating the vehicle. However, the policyholder still must pay monthly premiums in return for coverage. So long as the coverage is active, claims can be filed to receive compensation for an accident.
Commercial auto insurance premiums depend on your location, the size and value of the vehicles, the number of vehicles, the number of drivers and claims history. Fill out an online quote form to find out how much you can save on commercial auto insurance.
Commercial auto insurance is used for trucks, cars, vans and other types of vehicles used by a business for work purposes. Even independent contractors and lone business owners can purchase this type of policy to protect the vehicle they use for work.