Most employers with one or more employees in Maryland are required to provide Workers' Compensation coverage for their employees. Some exceptions may exist for sole proprietors, agricultural office workers, and tractor-trailer owner/operators.
Workers' Compensation coverage in Maryland helps to pay medical expenses for employees accidentally injured on the job or afflicted by work-related illnesses. Some rehabilitation costs may also be covered and Workers' Compensation coverage provides income replacement as well for employees who are temporarily unable to return to work due to a work injury.
Rates for Workers' Compensation coverage in Maryland vary depending on the type of work, your business’s safety history, and your business’s payroll. Businesses in higher risk industries can pay higher rates, but safety history can help to mitigate rates.
Employers in Maryland can purchase Workers' Compensation coverage through traditional agents or brokers, or through an online portal such as CoverWallet, which can provide liability coverage and other essential business insurance types. Businesses having difficulty finding coverage in the Maryland private market can utilize the state fund, Maryland’s Injured Workers Insurance Fund.
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Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business:
The content provided on this page is intended for general information purposes only and is not represented to be error free nor is it intended to constitute an offer, inducement, promise or contract of any kind for you to rely upon. The information and data linked to by CoverWallet are provided as a courtesy and are not intended to nor do they constitute an endorsement by CoverWallet of the linked materials. To get accurate information for your business and industry we recommend you to contact a licensed insurance agent or attorney.
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