Types of Business Insurance Every Maryland Business Needs


RiderInsurance

Uploaded on Aug 29, 2023

Category Business

Discover the essential types of business insurance crucial for safeguarding your Maryland-based venture. Looking for commercial business insurance? Rider Insurance is the best insurance company that offers business insurance services in Maryland to shield your business from a range of risks.

Category Business

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Types of Business Insurance Every Maryland Business Needs

Types of Business Insurance Every Maryland Business Needs AN OVERVIEW Running a business in Maryland comes with its fair share of opportunities and challenges. To ensure your business is well- protected from potential risks, having the right types of insurance is crucial. Ensure legal compliance and financial security by understanding the must-have insurance options for every Maryland business. Looking for a commercial business insurance? Rider insurance is the best insurance company that offers business insurance services in Maryland to shield your business from a range of risks. 2 Here are the key types of business insurance that every Maryland business should consider: ▸ General Liability Insurance ▸ Property Insurance ▸ Workers' Compensation Insurance ▸ Commercial Auto Insurance 3 “ General Liability InsuranceThis is the foundational coverage that protects your business from third-party claims related to bodily injury, property damage, and personal injury. Whether it's a slip-and-fall accident at your premises or a product-related lawsuit, general liability insurance provides financial support for legal expenses and settlements. 4 “ Property InsuranceMaryland businesses are exposed to various risks, including severe weather and natural disasters. Your company's physical assets, such as its buildings, machinery, supplies, and furniture, are covered by property insurance in the event of damage or loss. It's especially important considering the region's susceptibility to events like hurricanes and flooding. 5 “ Workers' Compensation InsuranceIn Maryland, having workers' compensation insurance is required if you have employees. It covers medical expenses, rehabilitation costs, and lost wages for employees who are injured or fall ill on the job. This coverage helps protect both your employees and your business from legal claims. 6 “ Commercial Auto InsuranceIf your business uses vehicles for operations, whether it's a single company car or a fleet of delivery trucks, commercial auto insurance is essential. It covers physical damage, liability, and medical expenses resulting from accidents involving your business vehicles. 7 THANKS! Contact Us i [email protected] +1 (410) 828-1555 www.riderins.net 8