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Most Maryland businesses with employees are required by state law to have workers’ compensation insurance. It helps protect workers and business owners who get hurt or sick on the job from financial losses.
But not all injuries that occur at work are covered under Maryland’s workers’ comp laws. To be covered, the incident must meet specific criteria, including:
It’s important to have proper coverage, because without it you could face fines of up to $10,000. Plus, maintaining coverage gives your employees peace of mind because they know they’ll receive benefits if they experience a covered injury or illness. And it protects your business from potential losses if an employee files a claim.
While most Maryland businesses are required to have workers’ comp insurance, there are a few exceptions. Sole proprietors, partners in partnerships, officers of a corporation and members of a limited liability company aren’t required to have coverage for themselves. But they can elect to purchase a policy. And it may be a good idea.
For example, suppose an independent architect develops carpal tunnel syndrome from hours of working on business designs at a computer and cannot work while undergoing treatment. In that case, workers’ comp insurance may help pay medical bills and provide partial compensation for lost wages.
If one of your employees believes they have an injury or illness covered under Maryland workers’ compensation laws, it’s important to notify the claims department at your insurance provider as soon as possible.
If the employee can’t work for more than three days, you must report the incident to the WCC and your insurance carrier, using the first report of injury form within 10 days of the accident.
The WCC will decide whether the employee is entitled to receive compensation. If they are, the commission will also determine the benefit amount. After the WCC makes a decision, the insurance company is responsible for paying out the benefits.
Employees who experience a covered work-related injury or illness may receive a range of workers’ compensation benefits.
Medical and hospitalization benefits pay for treating injuries and illnesses. They may include payment for doctor’s visits, hospital stays, surgery, medication and medical equipment.
Suppose an employee can no longer perform their previous job but can still work. In that case, vocational rehabilitation benefits could include skill assessments, training for a new job, job placements services and more.
If the employee’s injury temporarily prohibits them from working, they’ll typically receive two-thirds of their average weekly wage up to a maximum of $1,080 per week until they can return to work. For absences of 14 days or less, benefits don’t begin until day four. But if the employee misses more than 14 days, they’ll receive compensation for all time missed.
If an employee can return to limited duty or work part-time while they recover, but they’re earning less than before they got injured, they can receive benefits equal to half of the difference between their previous average weekly wage and what they’re currently earning, up to $540 a week.
In Maryland, the loss of use or loss of certain body parts is considered a total permanent disability. Employees are entitled to receive two-thirds of their average weekly wage up to $1,080 per week.
If an employee becomes partially disabled, they may receive between one-third and two-thirds of their average weekly salary up to $360 per week.
If an employee suffers a fatal injury, their dependents may receive benefits for funeral expenses plus payments of two-thirds of the employee’s average weekly wage up to $1,080 per week.
The average Maryland workers’ compensation rate is approximately $1 for every $100 in covered wages, according to the National Academy of Social Insurance.
Your exact rate will depend on a variety of factors, including your claims history, your location and your industry. If you’re in a high-risk industry, you’ll typically pay more than someone in a low-risk industry.
Next Insurance makes applying for workers’ compensation insurance fast and easy.
We’ll collect some information about your business through our online application and give you coverage options to choose from. After you select the policy that’s right for you and pay your premium, we’ll provide you with 24/7 access to your certificate of insurance.
If you have questions or need help deciding which policy is right for your business, our licensed, our U.S.-based insurance advisors are available to help.
Workers’ compensation insurance helps protect your business from having to pay expensive claims that can significantly affect your bottom line. But there are many things it doesn’t cover. To make sure you’re adequately protected, here are three other types of insurance for Maryland businesses you should consider.
General liability insurance helps protect your business if someone other than an employee accuses you of damaging their property or injuring them. It also provides coverage for theft, slander and libel.
Professional liability insurance provides coverage if a client accuses you of making a mistake — even if you didn’t do anything wrong — that causes a financial loss or injury. It helps pay for legal expenses to defend against a claim and covers damages if they’re awarded.
If you own a car, you probably have personal auto insurance, but your personal policy doesn’t typically cover vehicles you use in your business. A commercial auto policy will.
    https://www.wcc.state.md.us/Adjud_Claims/Comp_Rates.html