Maryland Business Insurance
Customized protection for your Maryland business
Business insurance is vital for Maryland business owners who want to protect their livelihood from the financial hardships that often result from a variety of accidents, such as a customer slip and fall or an employee injury.
Maryland’s 604,176 small businesses employ most of the state’s workforce, according to the U.S. Small Business Administration (SBA). These employees are required by Maryland law to be protected by their employer’s workers’ compensation policy.
Get the business protection you need through the Progressive Advantage® Business Program. If you need a business owners policy (BOP), general liability policy or a combination of coverages, our experts can help you customize a policy to match your unique situation.
Types of MD business insurance
How much does business insurance cost in Maryland?
The cost of business insurance in Maryland depends on a variety of factors, from the size of your business to its location. For example, a business with three employees in Baltimore will have a different cost than one with twenty employees in Silver Spring.
One of the most important cost factors is the type of work your business specializes in. For example, a tree trimmer who works with dangerous tools high off the ground is exposed to more risk than a landscaper 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 insurance rates differ.
Maryland business insurance requirements
Maryland law requires businesses with employees to carry workers’ compensation insurance. This requirement applies to nearly all businesses, however, there are a few exceptions. Agricultural businesses with less than three employees and businesses with an annual income of less than $15,000 per year are exempt. View Maryland’s workers’ compensation laws to learn more.
While other coverages like general liability aren’t required by law, you should probably consider them for your business. Many employers and prospective clients will require that you carry certain coverages before you can begin working with them.
Resources for Maryland small business owners:
Maryland professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Business insurance for all Maryland cities
We can customize business insurance in all Maryland cities, including, but not limited to: