Painters and Painting Contractors insurance in Maine – ME – policies and cost
Painters and Painting Contractors insurance in Maine – ME – is a must have type of insurance to have for any individual who conducts business offering their services to corporations for painting and decorating.
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A painter that is contracting the public is open to many different kinds of risks every time he or she opens a can and dips a brush.
If you’re an individual contractor, you have to buy painter liability insurance, and here’s why!
What actions do painting contractors do in Maine?
First, a paint contractor should not to be mistaken for an interior decorator.
The latter mostly has some type of training or certification, and so they need to get their own liability insurance in Maine.
A painter in Maine is likely to be self-trained and to earn less than the average interior decorator in ME.
For some painters, it’s part of their day-to-day activity to sell paint to the general public for use on private buildings and so they need Small Business insurance in Maine to cover all possible risks.
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What education do painting contractors need?
Painters usually are taught on the job how to prepare surfaces and the other such vital skills.
In many states, painters may have to qualify with additional safety training when they work with scaffolding.
In some states, apprenticeships may be available for candidates who have a high school diploma combining paid work before becoming self-employed.
What registrations are there for specialized work?
For high-tech painting, you can apply for specialized certifications from NACE International Institute, the Society for Protective Coatings or the U.S. Environmental Protection Agency which provides certification for lead paint abatement.
After gaining experience, apprentices working for large companies can be promoted to managers or start their own business.
About 4.5% of the total labor force in Maine was employed in painting and decorating in 2020.
What are the regular forms of paint contractors’ insurance policy types in Maine?
General liability insurance for painters
Cover against general claims stemming from bodily injuries and property damage caused by your business is provided by general liability insurance.
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The normal general liability policy for painters in Maine would be with a upper limit of $1 million for a single event and a total of $2 million for the whole year.
Professional liability insurance for painters
painter or decorator Every in Maine should have a minimum of at least $10000, and most choose much more when their own kind of business warrants it.
In most cases, the insurance companies allow a bonus to include a deductible of a few hundred dollars, to stop the nuisance of ill-considered claims.
Product liability insurance for painters
The recommended level of cover in Maine is worked out on the span of premises that you upgrade as well as the volume of sales.
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Commercial vehicle insurance for painters
If you are doing your own issuing with truck, then you must have a targeted policy giving you commercial vehicle insurance in Maine for the vehicle, the driver and the contents.
Remember that if you supply the decorations that you will be applying, then once the cans leave your premises in ME on the way to your building site, your standard insurance stops cover.
Commercial insurance for painters
You are already committing a large share of your money tied up in the business. Besides the stock of raw material there’s a large investment in your tools and equipment, scaffolding etc.
Commercial insurance in Maine is especially designed to take into account the dangers that can end up losing your money.
Property insurance for painters
Maine carries special risks when it comes to buildings, and each business must take out the proper cover to protect property and contents.
As well, the possibility of disasters is increasing because of climate change, so every paint supplier should take care to get all the cover necessary to cover even the most remote possibility.
Business Income insurance for painters
There have been developments in Maine that have hit the contractor painting sector businesses hard.
Getting proper insurance is clever and it’s better to have it in place before such a calamity occurs, rather than to expect that you can never be hurt.
Average costs of these types of insurance in ME
Although every decorator is unique, there are enough examples of average quotes from insurance companies in Maine for us to give rough guidelines.
Of course, you should always check with an insurance representative of what’s relevant for your business.
The below list is for annual premiums for the main types of insurance retailers need in Maine.
|Types of insurance||Price range|
|Business income insurance||$438 – $1042|
|Commercial insurance||$883 – $2542|
|Property insurance||$515 – $1284|
|General liability insurance||$367 – $898|
|Public liability insurance||$341 – $579|
|Commercial vehicle insurance||$1713 – $3116|
The Cost of insurance in Maine depends on many different factors
We have reckoned these figures for small independent paint contracting businesses in Maine. The location and size and type of your business in can have a big effect on the cost of different policies.
For Example – a paint depot with a big inventory of painting supplies has a much different risk from fire compared to a sub-contractor working for homeowners and doing minor repair and touch-up jobs in suburban dwellings in ME, so the costs of the insurance will be very different.
Why do you need business insurance in Maine?
Due to local obligations, there is a small business requirement in Maine that some painting and paint contractor businesses will have to have at least some insurance, covering general liabilities because they are dealing with the public.
Depending on the local ordinances to register with a business license in Maine, there may be requirements for the levels of insurance in order to qualify to be granted to do contracting work for the government and local authority bodies. In some cases, painters and paint contractors cannot get work from the government bodies without a license. You can read about more information about painter license in Maine – this is general and covers only the states that do have licensing.
Remember, insurance is especially designed to take into account the risks in Maine that can end up in a dispute that can cost you a lot of money.
Are there other self-employed people like painters who are insured?
General liability insurance is a must-have type of insurance coverage for anyone involved in business operations that provide specialized labor and material services to their customers.
Painters carry very similar risks to roofing contractors in Maine, because of the need to be working on ladders and scaffolds.
These higher risks of accidents happening to passers-by, and must be covered by general liability insurance.
Many other general service providers, such as groundskeepers and landscapers, general contractors, handymen in Maine, carpenters are also subject to such risks in the workplace, and take out the proper insurance.
Where to find the right insurance?
The best way to find the right, and most affordable painters insurance in Maine, is to talk to qualified insurance agents or brokers that can advise you on your best options. You can also use local Better Business Bureau offices and local newspapers.
And of course, there’s always internet searches that will point you in the right direction
Most independent brokers and agents work six days a week, with the following opening times.
Monday – 8:00 AM – 6:00 PM
Thursday – 8:00 AM – 6:00 PM
Wednesday – 8:00 AM – 6:00 PM
Thursday – 8:00 AM – 6:00 PM
Friday – 8:00 AM – 6:00 PM
Saturday – 7:00 AM – 1:00 PM