Nationwide emerged as the top contender for Maine’s best general liability insurance in MoneyGeek’s analysis, with a score of 96 out of 100. However, The Hartford, NEXT, Thimble and Hiscox are also great options for general liability policies.
Best General Liability Insurance in Maine
Updated: June 20, 2025
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Key Takeaways
Overall, the best general liability insurance company in Maine is Nationwide, which has a great balance of affordable rates for LLCs and good customer service.
The cheapest general liability insurance for sole proprietors in Maine is offered by Thimble at $24 per month. For LLCs, NEXT is the most affordable option at $38 a month.
General liability insurance costs in Maine depend on your industry, and we found they can range from $30 to $2,134 per month on average.
Best Cheap General Liability Insurance in Maine
| Nationwide | 96 | $35 | $44 |
| The Hartford | 92 | $34 | $57 |
| NEXT | 90 | $28 | $38 |
| Thimble | 89 | $24 | $58 |
| Hiscox | 83 | $32 | $98 |
*Rates were based on a $1,000,000 per occurrence and $2,000,000 aggregate limit for a software development company.
Nationwide: Best Overall
pros
Low rates for LLC businesses
Large coverage selection
Low customer claims frequency
cons
Higher rates for sole proprietors
COMPANY HIGHLIGHTS
We selected Nationwide as Maine's leading general liability insurance provider through its balance of affordability and dependable customer care. The insurer ties for first place with the lowest NAIC claims ratio while securing second rank for LLC affordability, with businesses paying around $528 annually on average for comprehensive protection.
NEXT: Cheapest Overall
pros
Easy fast buying process
Very cheap rates overall, regardless of business size
Business-insurance-only focus
cons
Higher customer complaint frequency
COMPANY HIGHLIGHTS
In Maine, NEXT is the best for budget-conscious general liability insurance. With sole proprietorships paying just $28 monthly and limited liability companies at $38 per month, their rates stand out competitively. Although the company's claims statistics exceed regional competitors we've assessed, NEXT shines with its user-friendly buying experience and immediate proof of coverage.
How Much Is General Liability Insurance in Maine?
An average general liability insurance policy in Maine typically costs around $30 per month for sole proprietors and $59 per month for LLCs. However, this only represents software development companies and the costs can vary widely by industry.
| Cleaning | $1,127 | $45 |
| General Contractor | $2,133 | $123 |
| Software Development | $59 | $30 |
*Rates are based on a $1,000,000 per occurrence and $2,000,000 aggregate coverage policy for general liability.
Factors That Impact General Liability Insurance Costs in Maine
General liability insurance costs can fluctuate based on a number of different factors in Maine. In the list below, you can see these factors and their impacts on your coverage costs: business size, industry, location, claims history, and coverage limits.
Policy limits
Coverage limits play a crucial role in determining insurance premiums. Opting for higher limits will typically lead to increased costs, whereas selecting lower limits can result in more affordable premiums.
Number of employees and payroll costs
Businesses with a large workforce and high payroll expenses often see an uptick in general liability insurance costs. This trend is evident from our analysis of LLCs and sole proprietorships.
Business location
Where your business is located can significantly influence your insurance expenses. It's important to consider that state-level average rates may differ between cities, so these variations should be taken into account when assessing your coverage needs.
Claims history
A record of multiple claims can increase a business's perceived risk to insurers, leading to higher premium costs.
Industry
Industries that are perceived as riskier, such as construction, tend to incur higher general liability insurance costs.
Maine General Liability Insurance: Buyer's Guide
Business insurance is a complicated industry and can be difficult to navigate. So, to simplify your understanding of general liability insurance, we've created a short guide detailing how to get the best coverage, defining what it covers, listing requirements in Maine, and explaining how much coverage you should consider getting.
How to Find the Best General Liability Insurance Company
To help ensure that you get the best small business insurance regardless of your industry, we've created a step-by-step guide to simplify your coverage search.
- 1
Define your coverage needs
Determine your liability risk by taking into account your industry, products or services, customer types, business size and market impact. Measure the frequency and costs of common claims in your industry to evaluate coverage options better.
- 2
Research average costs for your business
To understand how good of a deal you're getting from business insurance companies, you need to research average costs for your particular business. Knowing average expenses will let you judge whether a company is saving you money or not.
- 3
Consult similar businesses
Your business community is your greatest resource, which can give you recommendations that are better for your specific needs. They may also provide ways to mitigate risks associated with general liability insurance. This may mean you don’t need extra coverage.
- 4
Compare multiple options through different means
You can judge which insurance option suits you best by comparing multiple companies. You can also choose multiple ways to compare, like online comparisons or using brokers. This can provide a comprehensive view of pricing.
What Does General Liability Insurance Cover and How Does It Work?
General liability insurance coverage consists of two parts: per occurrence and aggregate limits. Per occurrence refers to the maximum a single claim can go up to, while the aggregate limit is the total coverage you can get per year. In terms of covered items, this type of policy includes the following:
Bodily injuries or property damage on business property
Legal fees for bodily injury or property damage that your company may be responsible for
Damages to leased or rented business property
Bodily injury or property damage caused by your product or service
Libel, slander, or reputational harm legal defense
Legal fees for copyright infringement accusations
Is General Liability Insurance Required in Maine?
Like in most states, general liability insurance isn't expressly required by state law and instead varies by your industry. However, if you are looking to apply for a professional license, sign a contract with a larger company, or sign an office lease, some form of general liability insurance may be required. While not an exhaustive list, the following industries tend to fall into these categories:
- Medical
- Accounting
- Real estate
- Insurance
- Contracting
- Engineering
- Marketing
- Law
- Consulting
- Media/Communications
How Much General Liability Insurance Do I Need?
Most small businesses need a standard policy with $1 million protection per occurrence and a $2 million limit yearly. This usually covers most damages. However, your industry's risks and business size might mean you need more coverage.
WHO MAY NEED MORE COVERAGE
Certain businesses face more risks than others, and if yours is in health care, building, serving food and drinks, or selling goods, you might need to think about getting more insurance. When you have a bigger company with more people working for you or your products and services reach many customers, it's smart to check if you need more than the minimum coverage.
Best General Liability Insurance in Maine: Bottom Line
Overall the best general liability insurance companies in Maine are Nationwide, The Hartford, and NEXT. Each offers competitive rates, with Nationwide and The Hartford having high MoneyGeek scores for reliability. Still, we suggest you compare options and get multiple quotes to ensure you secure an affordable plan that suits your business needs.
General Liability Insurance in Maine: FAQ
Below, we answer common questions about general liability insurance in Maine:
Which company has the best general liability insurance in Maine?
MoneyGeek's leading choice for general liability insurance in Maine is Nationwide, which earned an overall score of 96 out of 100. However, the ideal insurance for you depends on various details, including your business size, number of employees, and specific coverage requirements.
Which company has the cheapest general liability insurance in Maine?
For sole proprietors, Thimble offers the most affordable coverage at $24 per month ($288 annually). For LLCs with 20 employees, NEXT provides the cheapest rates at $38 per month ($456 annually).
Does Maine require businesses to have general liability insurance?
Maine does not mandate businesses to carry general liability insurance, but it is a proactive measure to protect against potential claims.
How We Chose the Best General Liability Insurance Providers in Maine
We broke down our scores into these categories and weights:
- LLC cost (55% of score)
- Sole proprietor cost (5% of score)
- Customer satisfaction (25% of score)
- Financial strength (10% of score)
- Quote process time (5% of score)
For all business insurance companies, we assumed software development industry LLCs with 20 employees. We based customer satisfaction and financial strength scores on NAIC and AM Best ratings. Quote process scores came from our MoneyGeek experts' personal experiences.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.