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Maryland workers’ compensation laws
Let’s talk about workers' compensation insurance in Maryland. The major thing you need to be aware of—especially if you’re a small business owner—is that workers’ compensation insurance is required for all Maryland employers. As soon as you hire your first employee, you need to purchase coverage. And as far as the State of Maryland is concerned, that employee can be full-time, part-time, or even seasonal—if you employ them, they count, per state law. What happens if you don’t get workers’ compensation? Nothing good.
For one thing, you may be financially and legally liable for any work-related injury or occupational disease your employee sustains because they work for you. And even if you don’t get stuck paying a huge medical bill, there’s a good chance of getting fined or prosecuted by the State of Maryland. (Yep, it happens.)
Ultimately, if you’re an employer in the state of Maryland, you need to get workers’ compensation coverage. The good news is that it is super easy to purchase small business insurance from Huckleberry, and you can get a 60-second rate estimate at our workers’ compensation calculator. (Right now. For free. From Hagerstown to Baltimore to Ocean City.)
How much does Maryland workers’ compensation cost?
Workers’ compensation rates in Maryland vary a lot, and they depend largely on your specific situation. Your rate will fluctuate based on your safety record, your location, and what industry your business is in. (A transcription service, for example, will generally pay less for workers’ compensation than a construction company. Which makes sense.) But the biggest factor in your workers’ compensation premium is the size of your payroll—the more people you employ, the more you’ll pay out for workers’ compensation coverage.
So your rate will depend on many factors, but here are some general numbers: The average cost that customers in Maryland pay is $86 per month. That said, some Huckleberry customers have paid as little as $35 per month for workers’ compensation coverage. It’s just a smidge over a dollar per day, which is really affordable and much less than the cost of a liability lawsuit brought on by a workers’ compensation attorney.
Want to get a better idea of how much you’d pay for your workers’ compensation? Try our 60-second workers’ compensation rate calculator.
Maryland workers' compensation insurance coverage and exemptions
Workers’ compensation insurance exists for one main reason: To protect employees who get hurt while working. It pays out to cover medical treatment, ongoing vocational rehabilitation, and lost wages as a result of any medical issue that—as the State of Maryland puts it—“arises out of employment.” To put it another way, if the injury or illness happened because of a person’s job, there’s a very good chance that workers’ compensation will cover it.
For example, workers’ compensation in Maryland might pay for the cost of a back injury that your employee sustains while lifting a heavy box. Or, if a member of your team begins to develop hand pain because of a repetitive motion they perform for work, workers’ compensation coverage would pay out for the cost of their physical therapy and pain medication. It might even pay for the cost of job retraining if the injury made it impossible for the injured employee to return to the same job. So this coverage is a pretty broad policy, and it’s important for your team and your business. (Trust us—you don’t want to go uninsured and then get stuck with a huge medical bill and a liability lawsuit.)
Who’s included in your Maryland workers’ compensation policy? Just about everyone on your team—including your part-time workers—will be a covered employee when you purchase a policy. That said, if you’re organized as a corporation or an LLC, some members of your leadership team may be eligible to request an exemption from workers’ compensation benefits. (And, of course, if you run your business completely on your own and don’t hire anyone else, you’re not required to purchase coverage for yourself.)
Top industries we serve in Maryland:
4 reasons why business owners in Maryland love Huckleberry
- It’s really, really fast. 95% of small businesses in Maryland get the workers’ compensation they need in 5 minutes.
- You’ll likely pay less for your workers' compensation than you do with legacy insurance companies.
- It’s completely online.
- Everything is easy to understand. If there’s a decision to make, we explain it in simple terms.
Maryland workers’ compensation Q&A
If you’re the only person who works at your business, you may not have to purchase workers’ compensation. (But as soon as you think about hiring help, start looking around for rates—you’re required to have workers’ compensation as soon as your first employee starts working.)
Maryland takes workers’ compensation compliance seriously, and if they catch you going without the required coverage, they can fine you up to $10,000.
As unpleasant as that sounds, though, it’s nothing compared to the legal risk you’d be taking by going uninsured. If an employee gets injured or sick on the job, you could be responsible for the complete cost of their medical expenses and lost wages. And if the injury is very serious, you could be on the hook for their ongoing financial support. Put simply, the cost for a workplace injury can range from thousands of dollars to millions of dollars, depending on the severity of the injury and whether or not your employee decides to sue you in court.
Long story short, going without workers’ compensation is not a good way to save money, especially when you can get an affordable policy from Huckleberry in minutes.
Definitely. Any worker could become an injured worker at any time, and your workers’ compensation policy will cover your part-time and full-time employees.
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