Insurance Requirements for Maryland Vehicles. Maryland law requires that all motor vehicles registered in Maryland be insured by a company licensed in Maryland and carry coverage of: $30,000 for bodily injury per person, $60,000 for bodily injury for two or more people, and.What does commercial auto insurance mean?
Commercial Auto Insurance. Definition - What does Commercial Auto Insurance mean? Commercial auto insurance is a policy for vehicles used for business rather than for personal use. It may cover trucks used by companies, a fleet of taxicabs, or even a car usually driven for a business purpose.What is commercial auto liability?
It’s required in most states. Business auto liability insurance helps cover the financial responsibility if you or an employee is at fault in an accident and people are injured or their property is damaged. A minimum amount of commercial auto liability insurance (or proof of financial responsibility) is required in most states.