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Cole Harrison Insurance Since 1882
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Workers Compensation Insurance to
Protect Your Crew and Your Business

Worker's Compensation protects both you and your employees.No matter how careful one is, accidents do happen, particularly in the work place. Worker's compensation insurance is required for businesses in Maine as follows ...

Any Maine-based business with one (1) or more employees must provide workers compensation insurance coverage. However, sole Proprietors, spouses and children of business owners and corporate officers are exempt from mandatory workers compensation insurance in Maine. Shareholders with 20% or more equity in the business may elect to exempt themselves from workers compensation coverage. Employers of domestic helpers in the home are not required to pay Workers Compensation Insurance.

Employers who hire independent contractors who have been recognized by the State's WC Board are not required to pay workers' compensation insurance for those "employees". There are additional exclusions for employers with six (6) or fewer employees or seasonal laborers in the agricultural and aqua cultural fields (please call us for details).

If you are a sole proprietor/business owner/share holder or work with subcontractors/contractors, you may need to file paperwork with the State (WCB-2C and WCB-261, respectively) before you are exempt from making Workers' Compensation payments. Here is a link to currently-available forms: Maine Workers' Compensation Board.

Providing Workers' Compensation Insurance for your employees is more than an obligation. It protects you, the employer. When your employee is hurt in an on-the-job accident, Maine Workers compensation insurance benefits will cover medical bills, a portion of lost wages, vocational rehabilitation, and even death benefits. The coverage amount is established by State law, so benefits don't vary from company to company within the same state. Except for sole proprietors, their family members, and independent contractors as noted above, Maine Worker's Compensation Insurance covers all employees of the business. Special provisions must be made if an employee works out of state.

The agents at Cole Harrison Insurance in Kennebunk, Kittery and Carrabassett Valley are knowledgeable in Maine Worker's compensation rules. We can help you obtain insurance for your business. We will help you ensure that your business is insured under the right business classification and has the appropriate risk ratings ... factors which can save you and your business a lot of money.

83 Main Street, Kennebunk, ME  04043 · 207-985-3361  /  27 Walker Street, Kittery, ME  03904 · 207-439-5981
Valley Crossing Building, Little Poplar Stream (off Rte 16), Carrabassett Valley, ME  04947 · 207-235-2642

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