How does workers' comp work in Maine?
Maine partners with the National Council on Compensation Insurance (NCCI). NCCI gathers data, analyzes industry trends, and prepares objective insurance rate and loss cost recommendations. NCCI is the nation’s most experienced provider of workers compensation information, tools, and services. Maine uses NCCI to determine rates on workers' compensation coverage only. Not to administer the assigned risk for the state.
The assigned risk provider for the state of Maine is Maine Employers Mutual Insurance Company (MEMIC). MEMIC is a private company that serves as the guarantor of workers' compensation insurance for Maine companies. With its private structure, MEMIC serves as a competitive force within the workers' compensation insurance market. This prevents Maine employers from having even higher rates for coverage. If your business for any reason cannot find coverage on the open market the assigned risk will offer coverage. Coverage in the assigned risk is normally higher than the open market.
Workers' Comp Rules & Information for Maine
Maine Workers' Compensation Board
27 State House Station Map It
Augusta, ME 04333-0027
888-801-9087
State Fund May Pay Dividends
Maine employers can receive dividends from Maine Employers' Mutual Insurance Co. (MEMIC). The dividends will result from the states workplace safety program. These dividends are paid when there is surplus funds and can benefit more than 17,000 employers. Saving them an average of more than $1,000 per employer.
What is Workers' Compensation?
The basic purpose of the Workers’ Compensation is to provide wage replacement benefits and medical treatment for employees who have been injured or become ill due to a work-related injury or illness. It prevents the employer from bearing the costs of injuries that occur during normal business operations.
Maine Employers Mutual Insurance Company (MEIC)
The assigned risk provider for the state of Maine is Maine Employers Mutual Insurance Company (MEIC). MEIC is a private mutual insurance company that opened for business in January 1993. MEMIC originated as part of the landmark 1992 reforms of Maine workers' compensation law passed by the Maine Legislature. MEMIC was started as a private company that would serve as the assigned risk provider and to compete with the open market in an attempt to drive down prices for Maine employers.
How does workers' comp help my business?
Your business benefits from workers' compensation coverage, by not being liable for injuries that occur as a part of normal business operations. This applies whether the injury was the fault of the business or was caused by negligent actions of the employee. You can move forward with your business operations knowing that if one of your employees is injured because of something that happens as a normal part of your business operations, your business is not liable for the costs.
Maine is an NCCI state
MEMIC is the assigned risk provider, but Maine also partners with the National Council on Compensation Insurance (NCCI) to determine rates for workers' compensation insurance. NCCI gathers data, analyzes industry trends, and prepares objective insurance rate and loss cost recommendations. NCCI is the nation’s most experienced provider of workers compensation information, tools, and services.
How does workers' comp help my employee?
Employees benefit from workers' comp coverage by having lost wages covered while they are hurt or sick and not able to work. It also pays for medical costs they might incur as a result of the sickness or injury.
State Insurance Directives Regarding Covid-19
No current state law changes in Maine.
State Orders Regarding Insurance Claims Related to Coronavirus
No current state orders.
Specialized Programs for Select Industries
We work with our national insurance partners to develop targeted programs with easier underwriting requirements and lower rates. We offer a broad range of business class codes that help streamline the quote process so you get the lowest price for coverage.
How Does Workers' Compensation Work?
- What is Workers' Compensation?
- How Much is Workers Comp?
- Experience Modifiers & EMR Ratings
- Workers' Comp Class Codes
- 1099 vs W-2 Employee
- Workers Compensation Basics
- Employers Liability Insurance
- Workers' Compensation FAQ's
- Multi-State Insurance
- Workers' Compensation Laws
- State Insurance Fund
- Workers' Comp Claims
- Workers Compensation Benefits
- Managing Workers Comp Audits
- Workers' Comp Exemptions
- Ghost Policy
Maine Work Comp Penalties
Maine has some significant penalties for companies who fail to comply with mandatory coverage. Failure to provide proper coverage can be considered a Class D crime and subject to a civil penalty of up to $10,000 or an amount equal to 108% of the premium that should have been paid during the period the employer failed to secure coverage (whichever is larger).
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Workers' Comp Includes Employers Liability Insurance?
Employers liability insurance is an additional layer of coverage included as part of a workers' compensation insurance policy. Employers Liability is known as Part 2 of the policy. It adds two additional coverages for employers:
Employers Legal Liability and Legal Defense Costs
In today's world, there are a variety of reasons employees and third-parties sue employers for damages. Here a some common types covered by employers liability insurance:
Third Party Lawsuits
Your employee sues another party that may have contributed to the injury, In turn, the third party sues your business.
Consequential Bodily Injury
Another party or individual is injured while providing care for the injured employee.
Dual Capacity Legal Action
An employee files a claim but also attempts to sue the employer for being responsible in other ways outside of the employment relationship.
Loss of Consortium
A spouse sues for damages caused by the loss of companionship or relations.
Employers Liability coverage is not included with coverage in the four monopolistic states. Employers in these states can endorse this coverage onto their General Liability policy. That coverage is commonly known as Stop Gap Coverage.
- Employers liability coverage is not included in all monopolistic states.
- All NCCI and most other states' coverage includes employers liability insurance.
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