Business Insurance in South Portland, ME

The more than 147,270 small businesses across Maine must be equipped with the proper protection in case of disaster. With a solid business insurance policy, your company can receive critical reimbursement following an incident like an unexpected closure. Your business needs coverage before you open its doors to the public.

An independent insurance agent in South Portland can help your business get all the coverage it needs to remain operational for years to come. They'll get you set up with business insurance ASAP. But up first, here's a deep dive into business insurance in South Portland, ME.

How Much Does Business Insurance Cost in South Portland, ME?

Businesses vary greatly when considering their niche, operations, size, etc. As a result, the cost of a business insurance policy can vary greatly, too. Many factors influence the cost of business insurance, like:

• Business size and staff size
• Operations and exposures
• Annual revenue and payroll
• Location
• Coverage needs

An independent insurance agent in South Portland can evaluate all these details about your business and provide several quotes for business insurance together in one place. They'll help you find the best rates available in your town.

Is Business Insurance Required in South Portland, ME? 

One component of business insurance, workers' compensation, is mandatory for most businesses across Maine with at least one employee, with few exceptions. Workers' comp can help protect your business against employee lawsuits for worker injury, illness, or death caused by the job or workplace and also reimburse your company for other related losses. This coverage is often the only mandatory portion of business insurance, at least at the state level.

What Does Business Insurance Cover in South Portland, ME? 

A good business insurance policy will consider all of your unique company's needs. You may start your policy by adding some or all of these coverages:

• General liability insurance: Reimburses lawsuit costs if a third party sues the business for personal property damage or bodily injury. 
• Employment practices liability insurance: Reimburses lawsuit costs if an employee sues the business for wrongful termination, sexual harassment, discrimination, etc.
• Pollution liability insurance: Reimburses lawsuit costs if a third party sues the business for pollution.
• Premises liability insurance: Reimburses lawsuit costs if a third party sues the business for bodily injury or property damage on its premises.
• Cyber liability insurance: Reimburses costs related to cybercrime incidents like hacking and data breaches that can steal, expose, corrupt, and distribute your sensitive, private data.
• Commercial auto insurance: Reimburses costs of lawsuits and other incidents involving company vehicles.

A local independent insurance agent in South Portland will help you assemble the right business insurance policy for your unique company.

Save on Business Insurance

Our independent agents shop around to find you the best coverage.

Request a quote

What Does Small Business Liability Insurance Cover in South Portland, ME?

Small business liability insurance covers the same disasters in South Portland as it does across the country, including third-party lawsuits for claims of bodily injury or personal property damage. Having coverage can help your business recover financially if it gets slapped with a lawsuit. Ask your independent insurance agent about getting set up with small business liability insurance ASAP to avoid possible devastating losses. 

Are There Any Small Business Health Insurance Plans in South Portland, ME?

If your South Portland business has 50 or fewer full-time equivalent employees, small business health insurance programs are available through Maine's Small Business Health Options Program (SHOP). If you have 25 or fewer employees, you might even be eligible for tax credits through the program. A South Portland independent insurance agent can help you get set up with a group health insurance plan, or you can browse SHOP's website.

What Are the Best Small Business Insurance Companies in South Portland, ME?

Quality, affordable small business coverage doesn't have to be hard to find. Especially when you first check out our list of some of the top-rated small business insurance companies in South Portland. 

Best Small Business Insurance Companies in South Portland, ME	Star Rating
Nationwide
The Andover Companies
Progressive
Liberty Mutual
Travelers

Why Work with an Independent Insurance Agent in South Portland, ME?

There's no such thing as a one-size-fits-all business insurance policy. With a wide variety of products and options at your disposal, you can put together a solid business insurance package that's custom-built for your company.

Independent insurance agents can help you choose the right policies and options to meet your company’s specific coverage needs. Because they're independent, these agents can work with several of the best business insurance companies in Maine to find you the right coverage at a great price.