National Business Insurance Stats

Number of businesses in the US: 30,819,176

Burglary rate per 1,000 residents in the US: 3.76

Auto theft rate per 1,000 vehicles in the US: 2.29

CityNo. of businessesBurglaries / 1,000 peopleAuto thefts / 1,000 cars
Presque Isle1,1164.711.35
Sanford< 255.130.61
South Portland3,6251.520.74

Maine Business Insurance FAQ - Quick Answers

When it comes to your small business insurance premiums, yours will be unique due to varying risk factors. Here are some items carriers look at when rating your costs:

  • Type of industry
  • Number of employees
  • Gross annual sales
  • Location of business
  • Number of company vehicles
  • Safety practices in place
  • Past claims reported
  • Number of years in operation

In Maine, your small business insurance policies will be optional with the exception of a few. Workers' compensation is required with just one employee, and business auto coverage is mandatory according to state minimum limits. To avoid issues, you'll want to make sure you're covered. 

Your Maine commercial insurance will be unique and tailored to your operation. However, your coverages will fall under primary policies like the ones listed below:

Small business liability insurance comes in many forms for your Maine operation. Here are some liability policy options that could apply to your business:

  • General liability insurance: Pays for a bodily injury or property damage liability lawsuit brought against your operation
  • Professional liability insurance: Pays for a lawsuit against your business due to negligent or harmful advice
  • Commercial umbrella insurance: Provides an additional limit of liability coverage over your underlying business policies

When you're a small business, offering health coverage can be a challenge. In Maine, you're only required to have health insurance for your team at 50 employees or more. Quotes for health insurance coverage can be obtained through private carriers.

There are several carriers you can obtain small business insurance through. In Maine, Nationwide, Hanover, and Travelers are among the best options. This is due to their excellent customer service and broad coverage selection.

Do You Know What Your Business Insurance Covers in Maine?

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