When running a business, protecting your employees and assets is one of your most important responsibilities. Workers’ compensation insurance plays a key role in ensuring that employees are covered in the event of work-related injuries or illnesses — and that businesses are protected from the financial impact of workplace accidents.
Why Workers’ Compensation Insurance Matters
Workers’ compensation insurance provides benefits to employees who suffer job-related injuries or illnesses. These benefits typically cover medical expenses, lost wages, rehabilitation services, and, in some cases, survivor benefits. For businesses, having the right insurance helps reduce the risk of lawsuits and ensures compliance with Maryland’s labor laws.
Key Elements of Workers’ Compensation Coverage
Here are some important features of workers’ compensation insurance that Maryland businesses should be aware of:
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Medical Benefits: Covers the cost of necessary medical treatment for work-related injuries or illnesses.
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Wage Replacement: Provides partial wage replacement if an employee needs time off to recover.
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Disability Benefits: Offers compensation for temporary or permanent disability resulting from workplace injuries.
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Vocational Rehabilitation: Assists employees in returning to work, either with their previous employer or in a new role, through training and rehabilitation.
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Death Benefits: Provides financial support to an employee’s dependents in the event of a fatal workplace incident.
Maryland-Specific Workers’ Compensation Requirements
Maryland law requires most businesses with one or more employees to carry workers’ compensation insurance. Employers must:
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Obtain insurance through a private carrier or self-insure with approval from the Maryland Workers’ Compensation Commission.
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Report work-related injuries and illnesses promptly.
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Provide injured workers with access to appropriate medical care.
Failing to carry adequate coverage can result in significant fines and potential legal consequences.
Why Partner with a Maryland-Based Insurance Agency?
Working with an experienced insurance agency offers more than just a policy—it provides guidance, advocacy, and strategic support. Agencies help identify risk prevention opportunities, such as safety training programs, that can reduce workplace injuries and lower long-term costs. They can also recommend smart bundling options, combining workers’ compensation with general liability or property coverage to streamline protection and potentially save money.
Unity Insurance as a Maryland-based agency offers personalized service, deep knowledge of local regulations, and quick, responsive support when it matters most. With an agency, your coverage isn’t one-size-fits-all—it’s tailored to your business, your risks, and your goals.
Supporting Maryland Businesses
At Unity Insurance, we are proud to support Maryland’s business community with comprehensive insurance solutions. Whether you’re looking for workers’ compensation insurance, general liability insurance, or other business coverages, our team is here to help you protect your employees, your company, and your future.
Unity’s insurance professionals serve as your advocate from the very beginning. From selecting coverage to filing a claim, we are by your side every step of the way. At Unity Insurance, we know insurance plays a vital role in every stage of your life and business so our professionals provide guidance and support to ensure you make the right decisions regarding your insurance options.
If you need assistance with business insurance, medical office insurance, or employee benefits, our team is here to help. Contact us at 410-539-6642 to schedule a policy review today!