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Maryland Workers' Compensation Insurance
Protect your business and employees with Maryland workers' comp
Prioritizing your team's well-being is an important part of running a business. Whether you're in Baltimore's tech scene or Annapolis's marine industries, having workers' comp insurance in Maryland is essential for providing financial and medical support to employees with job-related injuries or illnesses.
Safeguard your organization and ensure compliance with state laws. Talk to a Progressive Commercial agent to learn more about Maryland workers' compensation requirements.
Who needs workers' compensation insurance in Maryland?
Maryland requires most employers with one or more employees to carry workers' comp insurance, including part-time and full-time workers. This coverage helps businesses adhere to state laws and might also be needed for certain licenses and contracts.
Maryland workers' compensation insurance exemptions
There are some exemptions to Maryland workers' compensation law, including:
- Independent contractors
- Sole proprietors
- Partners in a business
Not having workers' comp insurance in Maryland means your team may not be covered for work-related injuries or illnesses. Even exempt businesses should consider this coverage to avoid potential legal issues that may arise from work-related accidents.
What are the penalties for not having workers' comp in Maryland?
If you don't have workers' compensation insurance in Maryland, you could face fines up to $10,000. Company officers might also have to pay compensation costs themselves. Call a Progressive Commercial specialist to secure the coverage you need to avoid these issues.
Learn more about penalties for not having workers' comp coverage.
How much does workers' comp cost in Maryland?
Maryland workers' compensation rates are determined by factors like:
- Job classification code: In Maryland, the National Council on Compensation Insurance (NCCI) assigns class codes to jobs according to their risk level.
- Payroll: Maryland calculates workers' comp rates per $100 of payroll, so a higher payroll means a more expensive policy.
- Claims history: Workers' comp costs are impacted by your claims history. More claims will typically raise your premiums, while fewer claims can keep them low.
- Insurance carrier: Insurance companies may offer different rates based on their risk assessments and pricing models.
How can you get workers' comp in Maryland?
There are several ways to get workers' compensation insurance in Maryland:
- Private insurers: Many Maryland businesses choose to purchase workers' comp from private insurers. These providers can customize coverage options and offer additional benefits. Speak with one of our specialized agents to learn more.
- Self-insurance: Businesses in Maryland can apply for self-insurance through the Workers' Compensation Commission. If approved, you'll be responsible for covering potential claims and managing administrative tasks.
- Assigned risk pool: New, high-risk businesses or those with a lot of claims may have a tough time finding coverage. In these cases, Chesapeake Employers Insurance offers workers' comp.
Regardless of your business or industry, exploring these options can connect you with the right workers' comp coverage.
How does workers' comp work in Maryland?
Maryland workers' comp insurance supports employees with work-related injuries or illnesses. Once they report an incident, the employer or the employee will file a claim. If approved, the employee receives financial assistance.
Maryland workers' compensation benefits include:
- Medical expenses
- Disability benefits
- Lost wages
- Rehabilitation costs
Workers' comp insurance helps employees recover and return to work. It also protects you from fines and lawsuits, as employees accepting benefits typically can't take legal action against your business.
Maryland workers' compensation death benefits
A deceased employee's dependents can receive Maryland workers' comp death benefits of two-thirds of their average weekly wage, up to a state limit. The exact amount depends on how much the employee contributed to the family's income.
Maryland workers' compensation statute of limitations
The deadline for filing a workers' comp claim in Maryland is two years from the date of injury. However, it's important to encourage employees to report accidents right away to secure their right to benefits.
For more details, refer to the Maryland workers' compensation statute of limitations.
Why choose Progressive Commercial for Maryland workers' comp
Small businesses have trusted Progressive Commercial for over 50 years. We provide competitively priced coverage and superior customer service, making it easy to get the insurance you need.
Connect with an agent or start your quote online today.
