Is workers' comp required in Maryland?

Yes, in Maryland, all employers with one or more employees, including full-time and part-time workers, are required to carry workers' compensation insurance. This coverage helps pay for medical expenses and lost wages for employees who are injured on the job. There are very few exceptions to this rule in Maryland.

What are Maryland's commercial auto insurance minimums?

In Maryland, commercial auto insurance policies must meet the state's minimum liability limits. These are $30,000 for bodily injury per person, $60,000 for bodily injury per accident involving two or more people, and $15,000 for property damage per accident.

How much does business insurance cost in Maryland?

The cost of business insurance in Maryland can vary depending on your industry, business size, and the types of coverage you need. However, for a general liability insurance policy, small businesses in Maryland can expect to pay an average of $45 to $92 per month. Factors like your claims history and the specific risks your business faces will also influence your final premium.

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MD — Licensed & ActiveUpdated Mar 2026

Commercial Insurance in Maryland.

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From the bustling port of Baltimore to the tech corridors of Montgomery County, Maryland presents unique opportunities and risks. Whether you're a government contractor in Annapolis, a life sciences firm in Frederick, or a restaurateur in Columbia, RISKX provides tailored commercial insurance to protect your Maryland-based business.

Key Industries in Maryland

Government & Defense ContractingHealthcare & Life Sciences Information Technology & CybersecurityConstruction & Real EstateHospitality & TourismAdvanced Manufacturing

Workers' Compensation in Maryland: Required

Maryland requires workers' compensation for all employers with one or more employees. It is a competitive market, allowing businesses to purchase coverage from private insurers.

Maryland Regulatory Notes

Workers' comp is mandatory for all employers with 1+ employees.

Maryland requires all registered vehicles to carry commercial auto insurance with minimum liability limits.

The state has specific data breach notification laws, making cyber liability crucial for businesses handling sensitive information.

Maryland follows the 'at-will' employment doctrine, but EPLI is still vital to defend against wrongful termination claims.

Workers' Comp Rate Details — Maryland

Index Rate

$0.89

per $100 payroll

National Rank

#37

of 51 jurisdictions

vs. Median

18%

below national median

Required At

1 employee

Below Average Cost

•Required for all employers with 1 or more employees
•Chesapeake Employers' Insurance Company is the state fund

Penalty for non-compliance: Misdemeanor; fines up to $10,000 and/or imprisonment

Rate data: Oregon DCBS 2024 Premium Rate Ranking Study. Index rates represent the median rate per $100 of payroll across all classification codes.

Auto Insurance Minimums — Maryland

Min. BI Liability

30/60

per person/accident ($K)

Min. Property Damage

$15,000

PIP Required

Yes

No-Fault State

•Higher BI minimums (30/60)
•UM/UIM required (30/60)
•PIP required ($2,500)

Regulatory Overview — Maryland

Regulatory Body

Maryland Insurance Administration

Key Facts

•WC rates are 18% below the national median
•Higher auto BI minimums (30/60) with mandatory UM/UIM
•Proximity to D.C. creates unique multi-jurisdictional needs

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Popular Coverages in Maryland

General Liability Workers' Compensation Professional Liability / E&O Cyber Liability Commercial Auto

Maryland Insurance FAQ

Also Licensed In

DEDelaware PAPennsylvania VAVirginia WVWest Virginia

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