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Insurance cover for small businesses in Maine
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Umbrella Policy adds an extra layer of protection to professionals if a serious event or cumulative claims exhaust your current polcy limits. It also covers you for events that would otherwise be excluded from your other policies.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Small business Health Insurance helps you offer your employees more inexpensive access to medical insurance. Everyone can benefit from lower rates or better coverage.
Frequently Asked Questions
What types of insurance do I need to buy in Maine?
Most Maine businesses with employees need Workers' Compensation coverage, and businesses with vehicles need Commercial Auto Insurance. General Liability Insurance and Commercial Property Insurance are also popular coverage choices.
What will happen if I don’t buy insurance for my business in Maine?
Not having the proper coverage for your Maine business can result in penalties if you don't have state-mandated coverages, but your business is also at financial risk from lawsuits, legal costs, loss of income, and more.
How much does business insurance cost in Maine?
The price of business insurance depends on the specific needs of your Maine business, including your chosen coverage limits. Your experience, claims history, services, and safety policies are also factors in determining premiums.
What do I need to get an insurance quote in Maine?
Insurance companies usually ask for completed application forms, business permits or licenses, and your claims history to provide an accurate insurance quote for your Maine business.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: