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Maine Workers' Compensation Insurance
Protect your business and employees with Maine workers' comp
Maine workers' compensation insurance provides medical care and financial support to employees who experience job-related accidents. This coverage helps businesses in the Pine Tree State meet legal requirements and protect their team.
Start a quote or connect with a Progressive Commercial agent to find out more about workers' comp in Maine.
Who needs workers' compensation insurance in Maine?
Maine workers' compensation rules require businesses with at least one employee to have coverage, promoting safe and supportive work environments.
Maine workers' compensation insurance exemptions
Most companies need insurance, but there are some exemptions to workers' comp in Maine, including:
- Sole proprietors
- Some agricultural workers
- Household employees
Review your licenses and contracts or talk to a specialist to verify your coverage requirements.
What are the penalties for not having workers' comp in Maine?
Employers may face penalties for not having workers' comp in Maine. Individuals can be fined up to $1,000, and businesses can be charged up to $10,000 for intentional violations or fraud. Any compensation wrongly taken or withheld must be reimbursed with 10% annual interest.
How much does workers' comp cost in Maine?
The following factors influence Maine workers' compensation costs:
- Job classification code: These codes categorize jobs based on risk, so safer industries typically pay less for coverage.
- Payroll: Costs are determined per $100 of payroll, leading to higher premiums for larger businesses.
- Claims history: Having more claims than usual for your industry can increase rates since insurers expect more in the future.
- Insurance carrier: Prices differ across Maine workers' compensation companies because each calculates costs in its own way.
How can you get workers' comp in Maine?
According to Maine workers' compensation laws, there are a few ways to secure coverage:
- Private insurers: Businesses often select private insurers for their customized policies and possible discounts.
- Self-insurance: Employers can apply for self-insurance to lower costs, but they'll have to manage financial risks independently.
- Assigned risk pool: Companies that can't find coverage another way can get a policy through the Maine Employers Mutual Insurance Company.
The best way to learn more about your options is to start an online quote or connect with an agent.
How does workers' comp work in Maine?
Maine workers' compensation insurance helps people recover from workplace injuries and illnesses. Once an incident is reported, the employee or employer can file a claim. Approval means the employee receives benefits for things like:
- Medical expenses
- Disability benefits
- Lost wages
- Rehabilitation costs
This coverage also protects businesses by lowering the risk of lawsuits. Employees who take a settlement typically can't sue. But if they do, workers' comp can pay for legal costs.
Maine workers' compensation death benefits
If someone dies because of an occupational accident, Maine workers' comp death benefits can support their family. These benefits help pay for funeral and burial expenses and provide dependents with weekly payments.
Maine workers' compensation statute of limitations
Maine's statute of limitations requires employees to file a claim within two years of the accident or last benefits payment. Tell your team to report incidents as soon as possible to meet deadlines and receive assistance.
Why choose Progressive Commercial for Maine workers' comp insurance
Progressive Commercial provides companies with insurance plans designed to fit their goals. We can offer you the same support to help your businesses grow.
Get a quote or talk to a specialist to learn more about workers' comp insurance in Maine.
