Business Insurance in Maryland

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Get small business insurance for your Maryland business

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Learn about Maryland's insurance requirements

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Recommended insurance policies for small businesses in Maryland

General liability insurance icon

General liability insurance

A general liability policy covers the most common business risks, including customer property damage and injuries. Most commercial leases require this business liability insurance.

  • Customer bodily injuries
  • Damaged customer property
  • Libel and other advertising injuries
Professional liability insurance icon

Professional liability insurance

This policy, also called errors and omissions insurance (E&O), protects Maryland businesses that provide professional services. It covers lawsuits related to work performance.

  • Work mistakes and oversights
  • Professional negligence lawsuits
  • Late or incomplete work
Cyber liability insurance icon

Cyber liability insurance

A cyber liability insurance policy covers financial losses from data breaches and cyberattacks. It's recommended for Maryland businesses that handle credit cards and other sensitive data.

  • Customer notification expenses
  • Fraud monitoring services
  • Data recovery
Business owner’s policy icon

Business owner’s policy

A BOP bundles commercial property insurance and general liability coverage in one plan. It's often the most cost-effective type of commercial insurance for a Maryland business.

  • Third-party injuries and property damage
  • Business property damage and theft
  • Business interruption coverage
Workers’ compensation insurance icon

Workers’ compensation insurance

Workers’ comp insurance is required for Maryland businesses with one or more employees. It also protects sole proprietors from work injury costs that health insurance might deny.

  • Employee medical expenses
  • Partial missed wages
  • Lawsuits over employee injuries
Commercial auto insurance icon

Commercial auto insurance

This policy is required for business-owned vehicles in Maryland. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.

  • Accidents involving business vehicles
  • Theft of a business vehicle
  • Damage to a company vehicle
Looking for different coverage? See more policies.

Maryland business insurance requirements

State laws can affect which business insurance coverage you need. These policies are required everywhere in Maryland, from Baltimore to Columbia.

Blue check mark

Workers' compensation insurance

Barring a few exceptions, every employer with one or more employees, full-time or part-time, is required by Maryland state law to provide workers' compensation insurance.

This business insurance policy covers medical bills for work injuries and illnesses, and provides disability benefits to injured Maryland workers.

Blue check mark

Commercial auto insurance

All business-owned vehicles in Maryland must be covered by commercial auto insurance. This policy covers the cost of accidents involving work vehicles.

Maryland's minimum requirements for auto liability insurance are:

  • $30,000 bodily injury liability per person
  • $60,000 bodily injury liability per accident
  • $15,000 property damage liability per accident

Trucking companies may need additional coverage to comply with regulations.

Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy (BOP).

How much does small business insurance cost?

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Commercial insurance can be affordable for Maryland small business owners. Factors that influence the cost include:

  • Type of business and its risks
  • Business revenue and location
  • The number of employees
  • Types of insurance purchased
  • Coverage options, such as policy limits
View Small Business Insurance Costs
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Find the right policies and get your certificate of insurance

Insureon's licensed agents can help you find policies that fulfill Maryland's requirements and your business insurance needs. Once you've purchased insurance with us, you can download a certificate of insurance by logging into your account.

In Maryland, insurance agencies, agents, and brokers are licensed by the Maryland Insurance Administration. Insureon is licensed in Maryland as BIN Insurance Holdings LLC (NPN 15752926) for property and casualty insurance and for surplus lines (license number 100040465).

Verify our licensure with the National Association of Insurance Commissioners: select Maryland, licensee, business entity, and then enter our NPN or license number.

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