Reading: Maryland Business Insurance
Maryland businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for department of defense costs. It ’ sulfur besides known as errors and omissions indemnity ( E & O ). A BOP combines property and liability coverage into one easy-to-manage policy. It ’ s a big choice for small to medium-sized businesses that rent or own commercial place such as a shopfront, warehouse or office build. Businesses in Maryland are required to have workers ’ comprehensive examination policy if they have one or more employees. Workers ’ compensation policy helps pay for expenses related to employees becoming injured or ill while working for you. This coverage protects against damage to your vehicles and trailers, adenine well as injuries or property wrong related to their use. Your personal car policy doesn ’ triiodothyronine cover vehicles while they ’ re being used for business reasons. This is the most common business indemnity coverage and closely all businesses in Maryland should have it. It protects against third-party bodily injury and property damage, a well as personal and ad injury .
How much does business insurance cost in Maryland?
The cost of commercial enterprise policy in Maryland depends on a kind of factors, from the size of your business to its location. For case, a occupation with three employees in Baltimore will have a different monetary value than one with twenty employees in Silver Spring .
One of the most important monetary value factors is the type of work your business specialize in. For model, a tree trimmer who works with dangerous tools high off the grind is exposed to more risk than a landscape architect who works with less complex tools at ground level. In this case, the tree trimmer can expect to pay more for coverage.
Learn more about how business policy rates differ .
Maryland business insurance requirements
Maryland law requires businesses with employees to carry workers ’ compensation insurance. This necessity applies to closely all businesses, however, there are a few exceptions. agrarian businesses with less than three employees and businesses with an annual income of less than $ 15,000 per year are nontaxable. View Maryland ’ s workers ’ compensation laws to learn more .
While other coverages like general indebtedness aren ’ thyroxine required by jurisprudence, you should credibly consider them for your business. many employers and prospective clients will require that you carry certain coverages before you can begin working with them .
Maryland professions we insure
We help modest business owners from a wide variety show of industries, including these common professions :
Browse more examples of professions we insure .
Why choose Progressive?
Options – We can help you secure coverage at any stage of your occupation ’ second development with the flexibility to adjust your policy as your business changes. Our agents will work with you to make certain you ’ re getting security that meets both your needs and budget .
Experts – As the # 1 commercial Auto Insurer in America*, you can trust us with all your clientele insurance needs. Our team of particularly trained, in-house agents can assist you every footprint of the way to make surely you ’ re getting the best coverage for your clientele.
Convenience – There are respective ways to get a quotation mark whether you need a one maryland policy or a combination of business indemnity coverages. Simply start a quote on-line or call us to speak with an agentive role .
Business insurance for all Maryland cities
We can customize business indemnity in all Maryland cities, including, but not limited to :
- Silver Spring
- Ellicott City
- Glen Burnie
*No. 1 commercial car insurance company from SNL Financial ’ s 2019 home written premium data .