Workers Comp Insurance Maine In the Pine Tree State, almost every company is needed to have Maine people’ compensation coverage.1 Workers’ compensation coverage gives advantages in your personnel if they get harm or sick from their activity. It additionally limits the amount of liability you may face if an damage or contamination takes place.
Is Workers’ Compensation Required in Maine?
Maine employees’ comp legal guidelines require maximum employers to carry insurance. However, there are sure employers that are exempt from this law, such as:2
- Agriculture or aquaculture employers with seasonal or casual people as long as the enterprise has as a minimum $25,000 in organization legal responsibility coverage and $5,000 in clinical bills coverage.
- Agricultural or aquaculture corporations with six or fewer people who have liability coverage of at least $100,000 for every full-time employee and at the least $5,000 in clinical payments insurance.
- Domestic workers in a personal domestic.
- Sole owners who don’t have any employees.
- Independent contractors employed on a challenge basis who aren’t complete-time personnel.
If you’re not exempt, you should have employees’ compensation coverage. Without it, your employees can sue you in the event that they get a piece-related damage or illness. Your business may also face fines and criminal prices.3 Our professionals assist you to get the insurance your business desires. Get a workers’ repayment insurance quote nowadays.
Maine Workers’ Compensation Insurance Coverage
Workers’ comp in Maine allows defend each employers and employees. As an organisation, you get safety towards proceedings because of place of work accidents or illnesses. And your employees will get hold of blessings which can assist them recover from a work-related damage or contamination. It can help cowl:
- Accidents or accidents that occur due to an employee’s job.
- Wage replacement in case your employee has to overlook paintings to get over a work-related damage or infection.
- Medical remedy for an worker’s work-related injury or illness.
- Ongoing care expenses, like physical remedy or surgical procedures.
- Illnesses induced from running in a poorly ventilated vicinity or with harmful chemical compounds.
- Repetitive accidents, like carpal tunnel syndrome, that develop over the years.
- Funeral fees if an worker loses their lifestyles in a workplace accident.
- Disability advantages if a work-related damage or illness causes brief or everlasting disability.
Maine bases people’ repayment benefit bills on an worker’s common weekly wage. You can get greater records about reimbursement calculations on the Maine Workers’ Compensation Board’s website.
How Much Is Workers’ Comp in Maine?
Costs to get workers’ comp coverage for small business may range in Maine. That’s because each small business is special. An coverage corporation use various factors to determine people’ comp charges. A calculation you may use to estimate your insurance charge is:
Workers’ Class Code Rate X Claims Experience Modifier X (Payroll / $100) = Premium**
Class codes become aware of the amount of chance an employee faces of their job.4 For example, a construction worker faces more danger than a retail employee, so the magnificence code will replicate that.
Your experience modifier relates to your business’ claims history. The safer your business and employees have been, the lower your workers’ comp coverage rate can be.
How Does Workers’ Comp Work in Maine? Workers Comp Insurance Maine
Maine’s employees’ reimbursement laws require personnel to notify employers inside 30 days of an incident that outcomes in an damage or contamination. After 30 days, they lose their right to getting employees’ reimbursement advantages.5
Employers must entire the first file of injury inside seven days of locating out about the incident. They additionally want to offer the injured worker with a replica of this document as soon as it’s completed.6
Maine’s employees’ reimbursement laws allow the agency to pick out the healthcare company for the injured worker, who will deal with them for the first 10 days. After that, employees can select their very own issuer.7 Even if an worker visits a physician in their desire, employers can nonetheless request to look a exceptional provider for a 2d opinion.Eight
When an employee who obtained people’ repayment benefits returns to work, they need to notify you and the Maine Workers’ Compensation Board inside seven days.Nine
Employees can contact the Workers’ Compensation Board in one in all several nearby workplaces:
- Augusta at 800-400-6854
- Bangor at 800-400-6856
- Caribou at 800-400-6855
- Lewiston at 800-400-6857
- Portland at 800-four hundred-6858
Maine Workers’ Compensation Claims
To report a workman’s comp declare in Maine, visit our workers’ comp claim web page today. Our insurance professionals can solution any questions you have got and help shield your employees.
** This is a simplified calculation for educational purposes simplest. Actual top class calculations may be greater complex. Experience mods are problem to kingdom requirements and do now not practice to each coverage.
1,2,4 Department of Professional & Financial Regulation, “An Employer’s Guide to Workers’ Compensation Insurance in Maine”
3 Maine Legislature, “Title 39-A: Workers’ Compensation”
5,6,7 8,nine Maine.Gov, “Facts About Maine’s Workers’ Compensation Laws”
