Maine Business Insurance
Customized protection for your Maine business
Maine business owners should consider several types of business insurance to protect against a variety of common claims, from a customer slipping and falling on a shop floor to an employee becoming injured on the job.
Over 99% of Maine businesses are classified as small businesses, and the U.S. Small Business Administration (SBA) reports that they employ 293,872 people statewide. Maine state law requires these employees to be protected under a workers’ compensation policy provided by their employer.
Getting the coverages that fit your business is simple with the Progressive Advantage® Business Program. Our insurance experts can help you choose from a variety of business insurance options and customize them to your needs and budget.
Types of ME business insurance
How much does business insurance cost in Maine?
The cost of business insurance in Maine is determined by a variety of factors, including your business’s size and location. For example, a business located in Portland can expect a different cost than a business located in Bangor.
One of the most important factors is the type of work your business does. For example, a landscaper can expect a lower insurance rate than a tree trimmer because their work is typically done at ground level, which exposes them to less risk. Higher risk professions, like tree trimmers and general contractors, require a special insurance called excess and surplus (E&S) insurance, which usually costs more.
Maine business insurance requirements
Workers’ compensation is the only type of business insurance required by law in Maine. However, you’ll want to consider other coverages, like general liability, to protect against the exposures most common in your profession. Keep in mind, your prospective clients and employers might have their own insurance requirements in addition to what’s mandatory by law.
Almost all businesses are required to carry workers’ compensation if they have employees, according to Maine’s Department of Professional & Financial Regulation. Employers of domestic workers in private homes and certain agricultural workers are exempt from this requirement. View Maine's workers' compensation guide to learn more about what’s required for your specific situation.
Resources for Maine small business owners:
Maine professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Business insurance for all Maine cities
We can customize business insurance in all Maine cities, including, but not limited to: