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Maryland has recently witnessed an alarming decline in the list of top US states for business. “The Free State” fell from 22nd to 31st position. This signals a weakening business environment and it could discourage businesses from investing here this would affect job creation and revenue to support the public sectors.
The economic situation in Maryland calls for businesses to have coverage. A comprehensive policy from a trusted insurer protects firms from financial losses and makes the market more stable. It mitigates financial risks, encouraging entrepreneurship and investment that can improve the situation.
This article lists eight of the highly trusted insurance providers in Marylands along with their coverage options and the industries they cater to.
Hiscox
Hiscox specializes in providing insurance solution for personal and commercial uses. Their expertise and vast knowledge of the local business market has positioned it as a go-to choice for firms with unique coverage needs.
Hiscox stands out from other insurance providers in Maryland for its versatility and flexibility in their product portfolio. They offer the coverage plans such as:
- Employers’ liability insurance
- Public liability insurance
- Professional indemnity insurance
- General liability
- Worker’s compensation
- Business owner’s policy
The firm uses data-driven solutions for efficiency and enhanced customer engagement.
InsuranceBee
InsuranceBee allows is an insurance firms that aids independent consultants and small businesses in Maryland get customized professional liability Insurance policies at affordable rates.
The company offers a number of coverages such as general liability, professional liability, business owners, cyber liability, worker’s compensation, and management liability. The professionals they cover include:
- Caregivers
- Lawncare businesses
- Cleaning businesses
- Landscaping businesses
- Mobile food vendors
InsuranceBee has a digital platform through which Maryland businesses can get instant quotes and also allows you to purchase that quotes online.
Thimble
Thimble is an online insurance company based that provides tailored insurance products to small businesses. Their coverages options include general liability insurance, along with errors + omissions insurance, business owners policy, commercial property Insurance, business equipment insurance, event isurance, etc.
The compny provides specialized services to a number of industries such as construction, sports and fitness, event management professionals, photographers, veterinary services, retail stores, and restaurants.
Thimble has gained popularity for its quick services, allowing business to get coverage within minutes. The best part about this firm is that it gives the freedom to purchase a coverage for a project as well.
NEXT Insurance
NEXT Insurance provides custom business coverage plans for small businesses. Their diverse range of insurance products includes general liability, business owner’s policy, workers’ compensation, commercial property and auto coverage, tools and equipment coverage, and commercial property insurance.
The company strives on make the insurance process simple for their clients. It offers quick online quotes and easy management of the policies through their app. The company caters to a variety of professionals such as engineers & architects, food & beverage, cleaning, fitness, , and entertainment. The firms provides them with coverage plans that allow them to grow financially.
Tivly
Tivly is an Oklahoma-based insurance marketplace that offers multiple insurance products and services to small businesses. Their pimarily get businesses in touch with 200 insurance providers in Maryland who provide firms the coverage policy they’re looking for.
Their industries Tivly targets for insurance sales include construction & contractors, business insurance, business owners’ policy, professional liability, certificate of liability, employee benefits liability, and more. Tivly is the only insurance provider that is licensed to operate in all 50 states
Progressive
Progressive is one of the most prominent business insurance provider in Marylands. The company is usually known for its auto insurance but it also provides in general liability, and workers’ compensation policies for sectors such as legal, manufacturing, and retail .
The unique selling point of Progressive is its “Name Your Price” feature through which customers can get their policies adjusted to fit their budget. This way, businesses can get the coverage they’re looking for without having to break the bank.
Huckleberry Insurance
Huckleberry Insurance uses its expertise to provide quick and simple business insurance solutions to Maryland businesses through its tech-savvy online platform. Their coverage options include general liability, workers’ compensation, and business owner’s policies for industries
such as food and beverage, healthcare, and retail.
What makes Huckleberry different from other insurance providers in Maryland is its fully online policy management process. Businesses can obtain quotes and purchase coverage in minutes having to go through extensive paperwork that may delay the process for days.
Liberty Preferred Insurance Group
Liberty Preferred Insurance Group has been serving multiple localities across the United States including Maryland. The company offers multiple insurance products. such as business owner’s policy, general liability coverage, commercial auto and property policies, cyber liability insurance, crime insurance, flood coverage and more.
The provide products and service at reasonable and are committed to protect clients and their business from unforeseen losses. Their experts are staffed round-the-clocks to accommodate and assist business owners with their questions and requests.
Brief Overview Of Maryland’s Leading Business Insurance Providers.
The table illustrates the coverage options and unique selling points of these nine prolific insurance providers that deal in business insurance policies.
| Insurance Provider | Services | Unique Selling Points |
| Hiscox | Employers’ liability, Public liability, Professional indemnity, General liability, Worker’s compensation, Business owner’s policy | Data-driven solutions, flexibility in coverage options, strong expertise in local business markets |
| InsuranceBee | General liability, Professional liability, Business owner’s policy, Cyber liability, Worker’s compensation, Management liability | Instant quotes, online purchase system, customized policies for small businesses and independent consultants |
| Thimble | General liability, Errors & omissions, Business owner’s policy, Commercial property, Business equipment, Event insurance | Quick services, purchase coverage for specific projects, tailored policies for various industries |
| NEXT Insurance | General liability, Business owner’s policy, Worker’s compensation, Commercial property, Auto coverage, Tools & equipment coverage | Simple insurance process, online quotes, app-based policy management, supports business financial growth |
| Tivly | Business owners’ policy, Professional liability, Employee benefits liability | Licensed in all 50 states, connects businesses to 200+ insurance providers for customized coverage |
| Progressive | Auto insurance, General liability, Worker’s compensation | ‘Name Your Price’ feature, budget-friendly policies, strong reputation in auto and business insurance |
| Huckleberry Insurance | General liability, Worker’s compensation, Business owner’s policy | Fully online policy management, instant quotes and coverage, minimal paperwork |
| Liberty Preferred Insurance Group | Business owner’s policy, General liability, Commercial auto & property, Cyber liability, Crime insurance, Flood coverage | Round-the-clock customer support, reasonable pricing, comprehensive protection against unforeseen losses |
Top Cities in Maryland for Business Insurance
The following cities in Maryland are favorable locations for business activities and are hotspots for customized solutions.
- Baltimore
- Annapolis
- Columbia
- Frederick
- Rockville
- Bethesda
- Bowie
- Germantown
- Salisbury
- Hagerstown
- Glen Burnie
- Silver Spring
- Waldorf
- Ellicott City
- Towson
Maryland Government Resources for Business Insurance
Check out these government resources about business insurance for the state of Maryland:
- Maryland Insurance Administration
- Maryland Business Express
- Maryland Department of Commerce
- Insurance Division of the Maryland State Treasurer
Conclusion
Business insurance is key for business owners to protect their companies from unforeseen financial losses. Businesses are sure to face various challenges that would impact their growth. This is where commercial insurance has your back. A coverage plan that minimizes this risk and provides financial security and compliance with legal requirements. This is why you need to work with an insurer who can prepare a policy that supports you throughout the operation.
Planning to expand your business to financial hubs such as Georgia and Indiana? Be sure to check out our listing of the trusted insurance providers in Georgia and the leading insurance carriers in Arkansas. You can also get in touch with Maryland’s leading business loans and startup financial firms to fund your business operations. You can also visit Sophisticated Investor for insights and guidance that helps your company grow.
Brandi is a financial writer and entrepreneur with decades of expertise covering U.S. business and financial topics. Her work has been featured on Consumer Affairs, ASBN Small Business Network, Koho and many other top financial publications.
