An essential part of running a successful painting business in Maine is having proper insurance coverage. Yet many owners and contractors find getting liability insurance and tailored coverage challenging. At ContractorNerd, we make painters liability insurance simple, data-driven, and tailored to your needs. We’ve analyzed over 1,100 insurance quotes from top providers to give you transparency on what you need, what it should cost, and how to get the right coverage for your Maine painting business.
Whether you’re an independent painter or managing a larger painting enterprise in Maine, selecting the right insurance coverage is crucial for protecting your business. Let’s break down everything you need to know about insurance costs and coverage options based on our extensive analysis of actual carrier quotes.
Give your knowledge a second coat with our guide to painter trade insurance.
General Liability Insurance for Maine Painters
Based on our analysis of insurance quotes from leading carriers, here are the typical general liability insurance costs for Maine painting contractors:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,700 | 1.1% | $1,000 | 41% |
| $500K | $4,700 | 0.9% | $3,900 | 17% |
| $1M | $9,000 | 0.9% | $7,400 | 18% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Mix of residential and commercial painting work
- Approximately 10% subcontractor costs
Key coverage includes:
- Property damage during painting operations
- Bodily injury to clients or bystanders
- Products and completed operations
- Paint overspray coverage
Worker’s Compensation Insurance for Maine Painters
In Maine, painters typically pay around $3,307 per employee annually for workers’ compensation coverage. For every $100,000 in payroll, Maine painters can expect to pay approximately $7,550 in workers’ compensation premiums.
Key factors affecting premiums:
- Painting-specific classification codes (primarily code 5474)
- Total annual payroll
- Claims history and safety programs
- Experience modifier rating (EMR)
Benefits covered include:
- Medical treatment costs
- Lost wage replacement
- Rehabilitation expenses
- Death benefits for dependents
Additional Business Insurance for Painters in Maine
1. Tools & Equipment Insurance
- Annual premiums: $200-$2,000
- Coverage limits: $5,000-$15,000+
- Protects painting equipment during transport and at job sites
- Coverage for theft, damage, and loss
2. Commercial Auto Insurance
- Cost: $1,500-$3,050 per vehicle annually
- Standard limits: $100K per person, $300K per accident
- Higher limits ($500K-$1M) recommended
- Covers work vehicles and accident liability
3. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
- Protects against claims of faulty workmanship
- Includes professional negligence coverage
4. Commercial Property Insurance
- Cost: $1,000-$5,000 annually
- Protects warehouses, shops, and offices
- Covers paint inventory and supplies
- Protection against fire, theft, and weather damage
5. Pollution Liability Insurance
- Annual premiums: $750-$2,000
- Covers exposure to hazardous materials
- Protection for cleanup costs
- Bodily injury and property damage coverage
Get Maine Painter Liability with ContractorNerd
ContractorNerd’s insurance experts make securing painting contractor coverage simple and data-driven. Our platform offers:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Painting contractor expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy support
Our team of painting insurance specialists helps you:
- Find optimal coverage based on your specific risks
- Secure competitive rates through our carrier network
- Bundle policies for maximum savings
- Ensure compliance with Maine regulations
When you work with ContractorNerd, you get more than just insurance – you get a partner who understands the unique challenges and risks of running a painting business in Maine. Our data-driven approach ensures you get the right coverage at competitive rates, while our expertise helps you navigate state requirements and industry-specific concerns.
Contact ContractorNerd today for customized quotes and expert guidance for your Maine painting business.