Maryland Business Owner’s Policy Guide

Maryland’s Insurance Administration describes a business owner’s policy as a customizable package that can combine property, liability and business-interruption coverage. Compare the building, business-property and lost-income pieces separately, and check whether a home-based business’s equipment, inventory and operations are actually scheduled; Maryland warns that ordinary homeowners coverage can leave business property underinsured.

What Is Business Owner’s Policy?

A BOP may suit an eligible small business that wants property, liability and lost-income protection together. If you also need auto, workers’ compensation or professional liability, plan for separate coverage. Read the national Business owner’s policy guide.

What Should You Watch for With Business Owner’s Policy in Maryland?

A package label does not settle the coverage
Maryland says insurers customize BOPs for different business types. Ask for the declarations and forms showing property, liability and business-interruption limits and covered causes of loss; the label alone does not establish what your business bought. ¹
Home-based business property needs its own check
The state guide warns that a home business may be underinsured under ordinary homeowners coverage. List equipment, stock and customer property kept at home and ask how each is insured; do not assume a BOP automatically fills a homeowners-policy gap. ¹
Separate lender limits from your own building target
Maryland law limits what a first mortgagee may require for property and flood insurance on improvements to replacement cost. That is a ceiling on a lender requirement, not a recommended limit for your building, contents or business interruption. ³
A BOP does not replace every business policy
Maryland’s guide identifies professional, auto and workers’ compensation as separate coverage needs. Put those exposures on a separate quote checklist rather than treating the package as a full business insurance program. ¹

Which Business Owner’s Policy Providers Have Maryland License Records?

These providers publish a national listing for Business owner’s policy; the license records below name the licensed entities and roles. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Maryland. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

Corgi
Insurance producer · checked 2026-09-28
Corgi Insurance Services, Inc.
Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. ¹¹
Corgi lists a business owner’s policy in its coverage catalog.
ERGO NEXT Insurance
Insurance producer · checked 2026-09-28
Next First Insurance Agency, Inc.
ERGO NEXT’s current license table lists Next First Insurance Agency, Inc. in 50 jurisdictions, including Washington, DC; New York is excluded because its table rows name Next Insurance Services and AP Intego, not Next First. The table is company-reported; it does not establish product availability or provide state-regulator verification for each entry. ¹³
ERGO NEXT markets a business owner’s policy.
Hiscox
Insurer · checked 2026-09-28
Hiscox Insurance Company Inc.
Hiscox’s U.S. company information states that Hiscox Insurance Company Inc. is licensed in all 50 states and the District of Columbia. This is company-reported insurer authority for this entity and does not establish which company issues every Hiscox-branded product. ¹²
Hiscox offers business owner’s policies for small businesses.
TechInsurance
Insurance producer · checked 2026-09-28
Specialty Program Group LLC
TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. ¹⁴
TechInsurance arranges business owner’s policies for small businesses.

Who Regulates Insurance in Maryland?

Maryland Insurance Administration

The Maryland Insurance Administration licenses producers and insurers, reviews rates and forms, and investigates complaints about insurance companies and producers. You can use its state lookup or complaint service to check a license or raise an insurance issue. ^4,^5,⁶

Website: Regulator website
License lookup: Search licensed producers
Complaints: File a complaint
Phone: 800-492-6116

Surplus-Lines Tax and Stamping Office in Maryland

Reported tax rate. 3% of gross premiums less returned premiums when Maryland is the insured's home state; excludes risks of Maryland and its political subdivisions ^7,⁸

When Maryland is the insured's home state, the tax is 3% of gross premiums less returned premiums, except insurance of risks of the State or a political subdivision. For policies effective on or after July 21, 2011, Maryland taxes the entire premium and the broker must charge the tax in addition to premium. Maryland's property and casualty guaranty corporation excludes surplus-lines policies.

What Should You Ask Before Buying Business Owner’s Policy in Maryland?

Which locations, owned improvements, tenant improvements, equipment and inventory appear on the schedule, and at what valuation basis?
What covered event triggers business interruption, and what waiting period and restoration period apply?
If you operate from home, which business items and customer property are outside the homeowners policy and included by this BOP?
Does a lender’s minimum differ from the amount needed to rebuild and resume operations?

Business Owner’s Policy in Maryland: Frequently Asked Questions

What can a Maryland BOP include?

Maryland says a BOP commonly packages liability, property and business-interruption protection, with insurers tailoring coverage to business types. The policy forms and limits determine its actual scope. ¹

Does a BOP cover professional liability or business vehicles?

The Maryland guide lists professional liability and auto separately from BOP coverage. Ask for separate policies or endorsements where those exposures apply. ¹

Sources for Business Owner’s Policy in Maryland

1
Commercial Insurance. Maryland Insurance Administration; PDF pp. 19–20, “Business Owners Policy: A Package Solution”; customization, separate lines and home-business caution. Accessed 2026-09-28.
2
Commercial Insurance FAQs. Maryland Insurance Administration; Lines 54–57 and 67–74: small commercial packages and real-property coverage. Accessed 2026-09-28.
3
Maryland Code, Commercial Law § 12-124. Maryland General Assembly; 2026 session statute PDF, p. 1, subsections (b)–(c), first mortgagee insurance requirements. Accessed 2026-09-28.
4
Maryland Insurance Administration. Maryland Insurance Administration; Homepage and consumer contact. Accessed 2026-09-28.
5
Insurance License Lookup. Maryland Insurance Administration; State-designated producer/company search. Accessed 2026-09-28.
6
File an Insurance Complaint. Maryland Insurance Administration; State complaint process and contact. Accessed 2026-09-28.
7
Md. Code, Insurance §3-324. Maryland General Assembly; Insurance §3-324(a)-(b), (d)-(f): government-risk exclusion; 3% of gross premiums less returns; entire-premium home-state basis from July 21, 2011, with tax charged in addition. Accessed 2026-09-28.
8
Maryland Insurance Article (2026). Maryland General Assembly; Insurance §9-303(5), (7): surplus-lines and unauthorized insurers excluded from property and casualty guaranty subtitle; 2026 Insurance Article PDF. Accessed 2026-09-28.
9
Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
10
Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
11
Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
12
About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
13
Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
14
Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
15
Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Maryland Business Owner’s Policy Guide

What Is Business Owner’s Policy?

What Should You Watch for With Business Owner’s Policy in Maryland?

A package label does not settle the coverage

Home-based business property needs its own check

Separate lender limits from your own building target

A BOP does not replace every business policy

Which Business Owner’s Policy Providers Have Maryland License Records?

Corgi

ERGO NEXT Insurance

Hiscox

TechInsurance