Moving Company Insurance in Maryland
Maryland requires Workers' Compensation for moving companys. See the checklist below for the full breakdown and costs.
Maryland requirements
| Coverage | Required? | Minimum | Notes |
|---|---|---|---|
| Workers' Compensation | Required | Statutory | Required once you have W-2 employees; statutory limits apply. |
State regulator: Maryland Insurance Administration
Coverage checklist
| Coverage | Requirement | Annual cost |
|---|---|---|
| Commercial AutoCA | Required | $2,160–$5,400/yr |
| General LiabilityGL | Required | $648–$1,620/yr |
| Workers' CompensationWC | Required | $3,240–$8,640/yr |
| Inland Marine / Tools & EquipmentIM | Recommended | $432–$1,296/yr |
| Business Owner's PolicyBOP | Optional | $756–$2,160/yr |
| Commercial PropertyCP | Optional | $756–$2,700/yr |
Cost breakdown
- ·Truck size
- ·Fleet size
- ·Driving radius
- ·Interstate authority
Required for box trucks; interstate movers need DOT-compliant coverage.
- ·Residential vs. commercial
- ·Crew size
- ·Revenue
Covers damage to a home or business and injury during loading; many commercial clients require it.
- ·Payroll
- ·Crew size
- ·Heavy lifting
Required once you have employees; back and lifting injuries are frequent.
- ·Customer goods value
Cargo legal liability / released-value coverage for customer goods in transit.
- ·Office/storage
If you lease an office or warehouse.
- ·Warehouse ownership
If you own/lease a warehouse.
Best carriers for moving company
Moving Company insurance in Maryland — FAQ
Do moving companies need insurance?+
Yes. Commercial auto is required for moving trucks, general liability covers damage to a home during loading, and workers' comp is required once you have employee movers. Interstate movers also need DOT-compliant coverage.
How much does moving company insurance cost?+
Commercial auto runs $2,000–$5,000 per truck, general liability $600–$1,500, and workers' comp $3,000–$8,000 depending on payroll. Total for a small fleet often reaches $8,000–$20,000 per year.
What's the difference between released value and full-value protection?+
Released value (default, minimal per-pound) and full-value protection (full repair/replacement) are two levels of cargo liability for customer goods. Many customers expect full-value, which costs more.
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