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Maryland Contractor Insurance That Protects Your Business
Everything changed in 2024. Maryland contractor insurance requirements jumped dramatically. General liability coverage now requires a minimum of $500,000 instead of the previous $50,000 – a tenfold increase that caught many contractors off guard.
The Allen Thomas Group makes this simple. Our Smart & Easy approach eliminates confusion.
With 20+ years of contractor insurance expertise across 20+ states, we know exactly what Maryland contractors need.
We help you secure comprehensive coverage that protects both your business and personal assets. Full MHIC compliance? We handle that too.
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Maryland Contractor Insurance Requirements: What You Need to Know
Maryland contractors must carry $500,000 in general liability insurance as of June 2024.
Workers compensation coverage is also required for any employees.
The rules changed fast. Understanding Maryland’s contractor insurance landscape became more complex overnight. Here’s what every Maryland contractor needs to know right now.
Current Maryland Requirements:
- $500,000 minimum general liability coverage (up from $50,000 in June 2024)
- Workers compensation insurance for all employees (averaging $3,776 annually per employee)
- MHIC licensing compliance for home improvement contractors
- Commercial auto coverage for business vehicles
- Equipment protection for tools and machinery
The Maryland Home Improvement Commission doesn’t mess around. They strictly enforce these requirements. Contractors without proper coverage face license suspension. They cannot legally operate.
Many contractors discovered a problem. Their existing $50,000 policies no longer meet state minimums. This created urgent compliance needs that couldn’t wait.
Our team stays current. We monitor Maryland regulations constantly. We ensure your coverage meets all requirements while protecting your business from unexpected risks that basic compliance doesn’t address.
Complete Protection Beyond Basic Requirements
Smart contractors understand this truth: minimum coverage rarely provides adequate protection for their business assets and financial security.
Maryland’s new $500,000 requirement represents just the starting point. Real comprehensive contractor protection goes much deeper. Here’s what Maryland contractors actually need to sleep well at night.
- General Liability Insurance – Protects against third-party injury and property damage claims
- Workers Compensation – Covers employee injuries and illnesses (required by law)
- Equipment and Tools Coverage – Protects expensive machinery and tools from theft or damage
- Commercial Auto Insurance – Covers business vehicles and liability while driving
- Professional Liability Protection – Shields against errors and omissions claims
- Builder’s Risk Insurance – Protects construction projects during building phases
Smart & Easy Insurance Solutions for Maryland Contractors
The Allen Thomas Group simplifies contractor insurance. We provide personalized service that saves time and money while ensuring complete protection.
Maryland contractors choose us for good reason. We understand construction risks better than generic insurance agents. We know regulatory requirements inside and out. Our approach eliminates confusion and delivers real results.
- 20+ Years Contractor Insurance Experience – We know construction risks inside and out
- Multi-State Expertise – Our experience across 20+ states brings valuable insights to Maryland contractors
- Smart & Easy Process – We eliminate jargon. We explain coverage in plain English.
- Personalized Service – Every contractor gets customized solutions, not one-size-fits-all policies
- Local Knowledge with National Reach – Akron-based with deep understanding of Maryland requirements
- Quick Response Times – Get quotes within 24 hours, not weeks
- Expert Guidance – Navigate complex coverage decisions with confidence
- Ongoing Support – We handle claims, renewals, and coverage adjustments
- Cost Management – Find the best coverage at competitive rates through our carrier relationships
We’ve helped hundreds of contractors. They secure proper insurance while avoiding costly coverage gaps. Our clients focus on building their business. We handle the insurance complexities so they don’t have to.
Get Your Maryland Contractor Insurance Quote Today
Protect your contracting business. Get coverage that meets Maryland requirements and safeguards your financial future.
Getting started takes just a few simple steps. We’ve streamlined everything to save you time and eliminate hassle.
Our Simple Process:
- Free Consultation – We assess your specific coverage needs and identify current gaps
- Customized Recommendations – Receive tailored coverage options that fit your business perfectly
- Competitive Quotes – Compare rates from multiple A-rated insurance carriers
- Ongoing Support – Enjoy peace of mind with expert policy management and claims assistance
Time-Sensitive Considerations: Maryland’s licensing renewals require proof of $500,000 coverage. Don’t risk license suspension. Don’t risk project delays due to inadequate insurance.
Many contractors need coverage updates immediately. MHIC compliance can’t wait. Your business can’t afford gaps in protection.
Ready to secure proper protection? Contact The Allen Thomas Group today for your free consultation. We’ll review your current coverage. We’ll identify any gaps. We’ll provide competitive quotes that meet Maryland requirements while protecting your business assets.
Get your quote now – because your business deserves more than minimum protection.
Tailored Insurance Solutions Built For Your Maryland Construction Company
We know how frustrating and complex the process of finding the right contractor insurance can be and how it can be difficult to get a certificate of insurance quickly.
Let us help craft a policy that works for you.
Tell us about your specific needs and we will find the right policy for you.
Review the results of our search.
We will walk you through your new policy step by step.
That allows us to find the best rates for your business.
Protect Your Maryland Contracting Business Today
Don’t wait. Don’t risk your business with inadequate coverage or compliance issues.
The Independent Insurance Agents with The Allen Thomas Group employ a Smart & Easy approach, backed by over 20 years of expertise, making contractor insurance simple and affordable.
Contact us today at (440) 826-3676 for your free consultation and discover why Maryland contractors trust us for complete protection.
Get More Insights On Making The Right Insurance Decision For Your Company
How much does contractor insurance cost in Maryland?
Costs vary by trade and risk level. Maryland contractors typically pay $3,776 annually per employee for workers compensation. General liability runs $1,200-$3,000 depending on your specific trade and project size. Your coverage limits matter too. So does your claims history. The Allen Thomas Group provides free quotes from multiple carriers to ensure you get competitive pricing for comprehensive protection.
What insurance do Maryland contractors need besides general liability?
The $500,000 general liability is just the start. Maryland contractors need workers compensation if they have employees – it’s mandatory. Commercial auto insurance covers your business vehicles. Equipment coverage protects your tools and machinery from theft or damage. Many contractors also benefit from professional liability and builder’s risk insurance. We’ll assess your specific needs during our free consultation.
How quickly can I get contractor insurance in Maryland?
Speed matters in construction. We provide contractor insurance quotes within 24 hours. We can bind coverage immediately once approved. This speed is crucial for Maryland contractors facing MHIC licensing deadlines or project start dates. Our streamlined process ensures you meet compliance requirements without delays that could cost you business opportunities.
Why do Maryland contractors choose The Allen Thomas Group?
Experience makes the difference. Maryland contractors trust our 20+ years of contractor insurance expertise. Our Smart & Easy approach eliminates confusion and gets results. Our multi-state experience across 20+ states provides insights local-only agents can’t match. We offer personalized service, competitive rates, and ongoing support that keeps your business protected and compliant.
What changed with Maryland contractor insurance requirements in 2024?
Everything changed overnight. Maryland increased the minimum general liability requirement from $50,000 to $500,000 effective June 2024. This tenfold increase caught many contractors off-guard. It created urgent compliance needs for MHIC license renewals. We help contractors navigate these changes quickly and affordably while ensuring complete protection.
We Provide Comprehensive Coverage Options For All Trades Listed Below
- Appliance Repair
- Carpenters
- Concrete Contractors
- Drywall Contractors
- Electrician
- Excavation
- Fence Installation
- Flooring Contractors
- General Contractors
- HVAC Contractor
- Handyman Services
- Home Renovation and Remodeling
- Landscaper
- Manufacturing
- Masonry
- Painter
- Paving Contractor
- Plumber
- Roofing Contractor
- Sheet Metal Contractor
- Snow Plowing
- Steel Erectors
- Utility Contractor
Popular Maryland Locations Our Commercial Insurance Agents Cover
Annapolis
Aspen Hill
Baltimore
Bel Air North
Bel Air South
Bethesda
Bowie
Carney
Catonsville
Chillum
Clinton
College Park
Columbia
Dundalk
Eldersburg
Ellicott City
Essex
Frederick
Gaithersburg
Germantown
Glen Burnie
Hagerstown
Milford Mill
Montgomery Village
North Bethesda
Odenton
Olney
Owings Mills
Parkville
Pikesville
Potomac
Randallstown
Rockville
Salisbury
Severn
Severna Park
Silver Spring
Towson
Waldorf
Wheaton
Woodlawn
