Starting a business in Maryland opens the door to risks. You need insurance designed for your industry and business size. We customize plans for more than 20 industries. Pick coverage below to start a quote today.
Essential coverage for your Maryland business
When you also have at least one employee
* Plus Workers Compensation
All standard plan benefits and:
Whether you’re looking to satisfy Maryland requirements with workers comp and disability insurance or know insurance is the only way to protect your finances, we’ve got you covered.
A General Liability Insurance policy protects your Maryland business against bodily injury or personal injury liability and property damage liability. Slip and fall accidents, slander and libel, as well as your legal costs, are all covered up to your chosen coverage limits.
A Commercial Property Insurance policy safeguards your business-owned physical assets against financial loss due to many common risks, such as fire, theft, vandalism, and more. This policy protects your building and also its contents, including equipment or machinery, supplies, and inventory.
As in other states, Workers' Compensation coverage is required for most businesses in Maryland. Workers' Compensation protects your employees in the event of a work-related injury, paying for medical expenses and wage replacement.
If your Maryland business operates vehicles, Commercial Auto Insurance is required. Liability coverage for bodily injury and property damage are required by law, while comprehensive and collision coverage help protect your vehicle as well.
A Cyber Liability Insurance policy isn't just for high tech industries. This coverage protects your Maryland business against data breaches, network failures, data leakage, and even viruses accidentally transmitted to others via email. Legal expenses and liability judgments are covered up to your chosen limits.
Also called Continuation Insurance, Business Interruption Insurance protects you from loss of income due to natural and man-made disasters. Risks such as fire, accidents, or wind storms can stop business operations. Contuining expenses like rent, payroll, and more can be covered with a Business Interruption policy.
Maryland mandates Workers' Compensation insurance coverage before anyone can operate within the state. Other Commercial Insurance is decided based upon the specific size, work and other details of your business in order to meet requirements.
Even if you are a small business, this doesn’t mean that you are exempt from lawsuits, accidents or calamities. Insurance serves as your financial backup in times of unfortunate events.
Business needs vary depending on your trade and priorities, but for starters we recommend General Liability and Property Insurance as they offer broad protection without the hefty sum.
Consult with your insurance carrier if they offer special discounts or exclusive packages. You can also discuss implementing loss control services to help lower costs.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.
We've built all our fancy tech from scratch, which allows us to get you certificates on demand, free of charge, and for us to find you savings.
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:
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