Dundalk, MD – Workers’ compensation is a form of insurance providing wage replacement and medical benefits to employees who have been injured while on the job. Though workers’ comp plans can differ among state jurisdictions, provisions can be made for weekly payments in place of wages, as well as reimbursement or payment of medical and like expenses.  

Whether it’s a small business, which account for 99.7 percent of all companies in the U.S. (nearly 28 million) in an office setting, or a laborious manufacturing job America, which produces 18.2 percent of the world’s goods, accidents and work-related illnesses can occur at any time. 

At the moment, 74 percent of states require all businesses to offer workers’ compensation. 

Thankfully, in Maryland, as large workers’ compensation insurance organizations expand, statewide employees will likely have a much better chance at being covered after an on-the-job injury. 

According to Insurance News Net, United Heartland, a leading national workers’ comp insurance company, announced March 18 that it will now offer workers’ comp insurance in Pennsylvania, Louisiana, the District of Columbia, and Maryland, effective immediately.

“Our entry into these new markets strengthens our national presence in the workers’ compensation market,” said Steve Cooper, president of United Heartland. “Our approach has been particularly successful within our six key business segments – education, health care, long-term care, manufacturing, nonprofits/social services and wholesale/retail.” 

United Heartland is a member of AF Group and recently expanded into South Dakota and Oklahoma.  

Additionally, another insurance firm, Pie Insurance, a D.C.-based provider announced it raised $45 million for workers’ compensation policies through a series B funding round.  

Now, after funding and expansion, Pie policies are available in 19 markets, including Maryland.  

“In addition to their strong growth, Pie is producing outstanding underwriting results,” said Ian Sigalow, co-founder and partner at Greycroft. “The company is positioned to make a huge impact on the small business market for commercial insurance.”  

The Maryland Workers’ Compensation Act defines an accident as an unusual, extraordinary event that occurs suddenly and create an unanticipated injury or illness. Citizens of Maryland, whenever injured, should immediately report the injury to the employer, seek medical treatment, and file a claim. Across the state, an employee has the right to choose the doctor who will provide medical treatment. If found eligible for benefits, retroactive payment of medical expenses will be awarded.

Fueled by growth in verticals like health, property, casualty, and life insurance, the global insurance market is projected to reach $1.11 billion by 2023.