Maine is home to a vast array of small businesses and large corporations. These business entities rely on vehicles as part of their operations. Obtaining commercial auto insurance is an integral part of your business if you want to protect it from threats of financial loss.
However, getting an insurance policy is not enough. You have to make sure that the coverage you get provides adequate protection for your business.
Every commercial vehicle in Maine must carry insurance. Needless to say, semi trucks and heavy trucks will cost more to insure than limos, taxis, cars, or vans. But for your guidance, there are limits to the policy you can obtain and make sure it meets the minimum liability coverage.
Business owners are reminded to not settle for the minimum coverage requirements as this might not be sufficient in most cases, especially with large vehicles. It is important to look into the type of cargo, type of vehicle, weight of the vehicle, and driving history.
While obtaining commercial auto insurance is a legal requirement, it is important to get insurance for your own protection. First and foremost, it protects you from a major financial loss, especially when you or your driver is held liable for accidents.
In 2019, there were 149 fatal crashes in Maine with a total of 35,238 in the state for that same year. Majority of these crashes took place in the rural areas. Of these crashes, more than 75% resulted in property damage, too. The estimated total annual cost for these crashes in Maine is more than $3 billion in the year 2019 alone.
Make sure your business is protected from financial and legal liabilities by getting insured with the right coverage.
139 Maine St, Brunswick, ME 04011
(207) 729-3321
http://www.rileyinsuranceagency.com/
19 Congress St, Rumford, ME 04276
(207) 364-3766
https://www.unitedinsurance.net/locations/rumford/55/location/
744 Roosevelt Trail Suite 203, Windham, ME 04062
(207) 893-2733
http://www.northatlanticins.com/
18 Highland Spring Rd, Lewiston, ME 04240
(207) 783-9991
http://www.dandhinsuranceagency.com/
484 US-1, York, ME 03909
(207) 363-5024
https://yorkinsure.com/
949 Brighton Ave #1, Portland, ME 04102
No phone number found
http://www.nationwide.com/
744 Roosevelt Trail, Windham, ME 04062
(855) 712-4092
http://www.northatlanticins.com/insurance-companies/stillwater-insurance-group
19 Congress St, Rumford, ME 04276
(207) 482-3861
http://www.progressive.com/