Maine Business Owners Insurance Information

Businesses can bundle property and liability coverage into a
Business Owners Insurance Policy that allows your business to
obtain broad coverage with affordable premiums. Business
Owners Insurance is usually the first step for small businesses
looking to get basic property and liability coverage and is a
comprehensive and affordable insurance package for small or
medium sized businesses.

To qualify for Business Owners Insurance Policies, a Maine
company should have 100 or fewer employees, and annual
revenues should be less than $1 million. Business Owners
Insurance will typically provide reimbursement for up to a year
of lost revenue resulting from an insured property loss.

Some businesses may find Business Owners Insurance
coverage limits to be too low or may not like the lack of
flexibility on options like coinsurance. However, what the
Business Owners Insurance Policy lacks in flexibility it usually
makes up for with lower premiums for your business.

Maine Business Owners Insurance offers named perils or all
risk insurance coverage, similiar to general property
insurance coverages. Enhancement endorsements are
available at little or no cost to extend coverage to your
accounts receivable, valuable papers, signs, employee
dishonesty, mechanical breakdown, computers including
software, money and securities, off premises power failure
and spoilage of food products, backup of sewers and drains.

While similiar to Commercial General Liability Insurance, the
liability part of a Business Owners Insurance Policy offers
less flexibility in determining your coverage limits for
particular claims. Optional limits of $300,000, $500,000 or
$1,000,000 are available. Personal injury, products liability,
fire legal liability and premises medical payments are
included. Also, Business Owners Insurance does not include
professional liability insurance.

Business Interruption Insurance is usually included in
Business Owners Insurance Policies and covers lost income
and expenses incurred when a company suffers disaster
related damage. Ongoing operating expenses that continue
even if business is suspended, such as payroll, are also
covered.

Click on the link below to fill out a quote request form for
a Maine Business Owners Insurance package (BOP) that
regardless of whether you're a large employer or a small
business, will provide exceptional insurance coverage for
your business at an affordable cost. Or you can speak
with one of our Maine Commercial Insurance specialists at
207-496-3661 to discuss the policy features in more
detail.

We are your local Aroostook County, Maine full-service insurance
agency, offering Maine Business Owners Insurance plan services to
your business located in one of the following towns and counties:
Caribou, Presque Isle, Van Buren, Houlton, Perham, Washburn,
Crouseville, Mapleton, Fort Fairfield, Ashland, New Sweden,
Portage, Limestone, Mars Hill, Bridgewater, Easton, Blaine,
Guerette, Keegan, St. Agatha, Grand Isle, Fort Kent, Madawaska,
St. John, St. Francis, Dickey, Clayton Lake, Allagash, Winterville,
Knowles Corner, Smyrna Mills, Littleton, Ludlow, Millinocket, Bangor,
Waterville, Pittsfield, Augusta, Auburn, Lewiston, Bar Harbor,
Ellsworth, Belfast, Bucksport, Bath, Portland, Saco, Biddeford,
Penobscot County, Piscataquis County, Somerset County,
Washington County, and Cumberland County, ME.