Two-component polyurethane flame retardant coatings were prepared by blending phosphate-containing modified polyesters(PMPEs) and TDI-adduct. PMPEs were synthesized by polycondensation of dimethyl phenylphosphonate, a flame retardant component, with 1,4-butanediol, adipic acid, and trimethylolpropane. The content of dimethyl phenylphosphonate was varied 10, 15, and 20wt% for the reaction. Various physical properties of these new flame retardant coatings were comparable to non-flame retardant coatings. Coatings with 20wt% dimethyl phenylphosphonate did not burn during the vertical burning test.