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Skip Navigation LinksChoose Maryland > Facts & Stats

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Workers Compensation

Maryland employers are required to provide workers' compensation coverage for their employees. Workers' compensation may be provided by the employer in one of three ways:

·         Insure with any company authorized to provide coverage in Maryland;

·         Insure with the Chesapeake Employers' Insurance Company; or

·         Self-insure - this entails furnishing the Workers' Compensation Commission with proof of the financial ability to pay compensation, plus furnishing the required bond, excess insurance and a safety plan.

 

Chesapeake Employers' Insurance Company Rates (As of January 1, 2014)

Code

Business Sector

Base Rate Per
$100 Payroll*

3685

Instrument Manufacturing

$1.51

4511

Analytic Chemists, Labs and Testing

$0.33

4299

Printing

$2.02

8018

Wholesale/Distribution

$5.13

 

Standard Exceptions:

8810

Clerical/White Collar

$0.43

8742

Outside Salesperson

$0.30

7380

Driver/Helper 

$12.33

* Discounted "preferred tier" rates are available for businesses meeting certain criteria.  Rates earned in other states by companies relocating to Maryland are not transferable when insurance is to be carried with the IWIF.  Private insurance companies, however, permit the transfer of ratings earned in other states.

Source:  Chesapeake Employers' Insurance Company.

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