When you are a business owner in Maryland, there are types of commercial insurance that are mandated by state law that your business may need to keep. It’s important to make sure that you understand what is required for your business so that you keep operating legally. When you need commercial insurance for your business, call us now at Ashley Insurance in Easton, MD.

Understanding Commercial Insurance Coverage

Workers’ Compensation Insurance

While there are a few exceptions, generally within Maryland every business that has any number of employees must carry workers’ compensation insurance for them. Even just one employee, even if they are only part-time, requires that you have this insurance. This coverage protects both you and your employees by paying for medical bills that are due after a workplace injury or an illness caused by the workplace. This insurance also pays employees disability benefits when needed.

Commercial Auto Insurance

When a Maryland business owns a vehicle, it is required to have a commercial auto insurance policy to protect it. The policy is required to have different kinds of coverage within it, including bodily injury liability and property damage liability. The amounts required for both of these coverage types are relatively low, however, and it’s often recommended that Maryland business owners get more than the minimum amount of coverage to protect their businesses. If you run a trucking company, there may be other insurance coverage that you need in order to comply. If you use a personal vehicle to perform work tasks, it’s recommended that you get a policy called hired and non-owned. This can be the coverage you need in these instances, as personal insurance often won’t pay for accidents that happen while performing work tasks.