Commercial Insurance in Maryland

Starting a business in Maryland is exciting, but you have to contend with numerous risks in the business environment. Several perils surround your business, from theft, employee injuries, liability claims, and fire to natural disasters. While you can install several risk mitigation features, business insurance is your safest bet, especially when risks have occurred.

Looking for a comprehensive commercial insurance policy in Maryland? Please get in touch with Carrie Polk Insurance Inc. We serve numerous regions, including Waldorf and Prince Frederick, MD, and the surrounding regions.

Required commercial insurance in Maryland

What’s the required business insurance in Maryland? If you have one or more employees, you must invest in worker’s comp insurance. This insurance plan covers employees’ illnesses and injuries sustained in the workplace. Besides, this insurance plan can cover partial loss of wages and final expenses.

Also, if you have one or several commercial vehicles, you must invest in commercial auto insurance. This insurance coverage protects your business’ finances when your car is involved in an accident.

Optional commercial insurance coverages

Beyond the state-required insurance policies, you should consider other coverages to protect your business optimally. These include:

• General liability insurance: It protects your business when others accuse you of property damage, advertising, and bodily injury. Moreover, this insurance policy covers you when sued by third parties.
• Property insurance: This coverage protects your assets against perils like theft, fire, vandalism, and natural disasters.
• Cyber liability insurance: It protects you when a cyberattack leads to data breaches and other losses.
• Professional liability: If you offer professional advice, you had better invest in this coverage because it covers you when accused of missed deadlines, negligence, and incomplete work.
• Flood insurance: If your business is located in a high-risk flood zone, invest in this insurance policy to cover your business against flood damage.

Are you shopping for an affordable business insurance policy? Don't hesitate to contact Carrie Polk Insurance Inc., serving numerous regions, including Waldorf and Prince Frederick, MD.