When you choose Allen Insurance and Financial, you get an experienced partner to share the risks of doing business. All our professionals have an ownership stake in the agency, so they have an insider’s understanding of what’s essential to protect, and the importance of relating costs to benefits. Whether it’s a complicated policy for a large business or a small business insurance policy, we’ve got you covered.

Business insurance with one thing in mind: Your business success

Our business insurance team will work with you through the complete process to create innovative commercial insurance solutions that meet your goals at a price you can afford, from analyzing your risks to selecting the right coverage. We work with only financially stable companies as rated by A.M. Best, a national rating organization.

As a Maine based firm, we have first-hand knowledge of many of our local clients’ business insurance needs. We’re not interested in cookie-cutter business insurance solutions, we’re interested in what works for you and your business. As an independent insurance agency, we work with many national insurance carriers and can also provide coverage for accounts throughout the U.S.

 

Call today or use our easy web form to request a business insurance quote.

 

Commercial Package – Insurance for Your Business

Let us help find the right insurance for your business

A commercial package insurance policy can include almost any type of coverage you may need, from equipment breakdown to inland marine to crime coverage. Ask your Allen Insurance and Financial representative how to tailor a commercial package policy to your specific needs.

We can also provide policies to cover commercial property and to address concerns such as bodily injury, property damage, product liability and liability protection should an injury result from an accident or mishap involving products or services your company offers. We also offer commercial auto insurance.

Call today or use our easy web form to request a business insurance quote.

Workers Compensation

Workers Compensation Insurance is required of all Maine employers to cover your employees for any work-related injury or illness. Your workers compensation insurance policy will cover a wide range of benefits, including the following:

  • All medical care for the work-related injury or disease, including physical therapy and prosthetic devices
  • Indemnification for lost wages
  • Physical and vocational rehabilitation to help an injured worker return to work
  • Death benefits, including a flat amount for funeral expenses, burial and partial replacement of lost wages
  • Employers liability, in the event that the employer is sued for damages arising from the work-related injury or disease

The Allen Insurance team of workers compensation insurance specialists can provide service for claims, experience modification, loss control and risk management for your workplace.

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WAYS TO SAVE ON YOUR WORKERS COMPENSATION INSURANCE

Saving money on your workers’ compensation premium requires planning and consistency. Allen Insurance and Financial and your insurance carrier can help. Here are some steps you can take:

  • Create an active safety group and written program
  • Create a return to work program
  • Offer employees light duty work who are hurt on the job
  • Do pre-employment physicals on all new hires
  • Establish an employee health insurance plan
  • Incorporate a written drug and alcohol policy into your employee manual
  • Management must be committed emotionally and financially to a safety program
  • Some types of businesses need to create a drug and alcohol testing program
  • Comply with all OSHA requirements
  • Buy a medical or indemnity deductible

Call your Allen Insurance and Financial Business Insurance specialist for more information.

Saving money on your workers’ compensation premium requires planning and consistency. Allen Insurance and Financial and your insurance carrier can help.

Bonds

Bad things can happen to the best of people. That’s why bonding is so important to the security of your business.

The specialists at Allen Insurance can help you navigate the many ways to insure your different bonding needs—against crime, claims for non-performance and more:

Crime Bonds insure you against employee theft.

Fidelity Bonds The Employee Retirement Income Security Act (ERISA) requires that any fiduciary obtain a fidelity bond to protect the plans from dishonesty and fraud.

Surety Bonds are often required under construction contracts. Sub-types include: bid bonds, completion bonds, construction contract bonds, supply contract bonds, subcontract bonds or labor and material payment bonds.

Other bonds may be advisable for your specific business. Ask your Allen Insurance representative for a bonding check-up, and rest assured you’re fully covered.

 

Professional Liability Insurance

Professional Liability insurance coverage can protect you against any financial loss you create for a third party due to your negligent acts, errors, or omissions while acting in your professional capacity. It can also called “malpractice” coverage for doctors and lawyers; insurance, real estate or travel agents; consultants; accountants; printers; veterinarians; stock brokers or teachers.

Our expert team can review your professional liability needs, and guide you through the maze of widely varying products available.

International Coverage

Cargo Insurance image Doing business internationally presents exciting opportunities for companies of all sizes, but it also brings with its own series of specific risks not usually addressed in standard business insurance policies.

With our long history of working with clients in a wide range of industries coupled with our unrivalled marine experience, the Allen Insurance and Financial Foreign Liability, Cargo and Bond team can offer a range of policies from a global suite of insurance carriers to cover the gamut of exposures your business faces.

2016 Service Provider of the Year – Allen Insurance & Financial from Maine International Trade Center on Vimeo.

Foreign Liability and Overseas
Property/Casualty Insurance Products

International Insurance covers companies that conduct business outside the U.S. for coverages such as premises and product liability; automobile liability; workers’ compensation and employers’ liability; property (including transit); kidnap and ransom; confiscation and civil war; crime; business interruption; difference in limits and conditions; and endemic disease.

Allen Insurance and Financial has direct and brokered access to a wide range of markets for these coverages, enabling us to ensure the right product fit for individual businesses.

Transportation, Transit, and Ocean Cargo Coverage

Cargo Insurance covers loss or damage of cargo while it is in transit between the points of origin and final destination. Goods may be transported by sea, air, or land. Protecting the value of your goods is the primary benefit of cargo insurance. While you have the option of sending your freight without any buying your own insurance, to do so might mean taking on more risk that you intended to.

Should a loss occur, you do have legal recourse against the carrier of your goods, but this can be a lengthy and complicated process, and international law strictly limits carrier liability (see the attached primer on All Risks vs. Legal Liability). Cargo Insurance is an essential consideration for businesses engaging in international trade.

If you are buying or selling goods overseas, it’s important to have the right insurance program helping to protect your interests. Allen Insurance and Financial has access to a wide variety of insurance carriers that allow us to provide insurance solutions for importers, exporters, manufacturers, commodities traders and freight forwarders regardless of the mode of transport you use to import, export, and move your products.

 Customs, Surety and other Bonds

If you are importing merchandise into the U.S. for commercial purposes that are valued over $2,500, or a commodity subject to other federal agencies requirements (i.e. firearms or food), you must post a Customs bond to ensure that all duties, taxes and fees owed to the federal government will be paid.

If you are a domestic carrier that merely wants to transport imported cargo “IN BOND” from one state to another, or if you If you want to perform some activity in a secure CBP area, i.e. cartage, or serve as a Customs Broker or as an approved gauger or laboratory you will also have to obtain a Customs bond. Additionally, there are other circumstances where Customs or other bonds are required: at Allen Insurance and Financial we can guide you through the process and help you obtain the bond you need.

 

Special Programs

Whether your needs are ordinary or extraordinary, Allen Insurance and Financial can create an insurance plan for a business, group or association or non-profit.

 

Energy Insurance

Energy is a highly specialized field. Our specialists in Energy Insurance have access to the primary providers of energy insurance worldwide and can design custom programs for your needs, including the following industry segments:

  • Renewable energy projects (wind, tidal, solar, biofuels)
  • Traditional energy companies (natural gas, propane, oil)
  • Energy and transmission
  • Composite manufacturing
  • Supply chain companies

Off-shore wind projects require an expertise found at few insurance agencies. You can be certain our extensive marine expertise will be brought to bear when a project reaches the water’s edge and as it moves through the phases of construction, installation and ongoing maintenance. We will ask the kind of detailed questions only an experienced insurance professional would know to ask.

We will also address all of the various federal statutes that apply, including (but not limited to) Merchant Marine Act of 1920 (Jones Act), Outer Continental Shelf Lands Act, U.S. Longshore and Harbor Workers Compensation Act, etc.

 

 

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Insurance for Farms & Agriculture

Farm insurance is a key part of running an agricultural business. The challenge comes in knowing which policy offering what coverage and which price from which insurance company is right for you.

There are 8,100 farms in Maine, occupying more than 1.3 million acres. Even with our abbreviated 135-day growing season we harvest more wild blueberries than any other state, produce more brown eggs than any other state in the U.S. and are second only to Vermont for our maple syrup harvest. Our dairy industry is one of the rural economy’s leading sectors. Perhaps most importantly, Maine has long been a leader in the organic and sustainable farming movement and is the second-most locavore-friendly state in the country. Agriculture is important to Maine.

Apart from the smallest farms, where production is more for the family table than for the market and where a personal homeowners insurance policy may well be adequate, most operations require a specialized farm insurance policy, which would typically provide coverage in the following areas tailored to specific circumstances:

  • Residential Property Damage.
  • Additional Living Expenses.
  • Farm Property Damage.
  • Liability.
  • Medical.

There are a variety of influencing factors that determine an insurance premium. These include:

  • Risk Factors on Your Property.
  • Commercial Exposures.
  • Age and Condition of the Home.
  • Property Size.
  • Location.
  • Frequency of Risk Occurrence.

In addition to researching and recommending insurance products, your Allen Insurance agent can advise concerning non-insurance based methods of risk management and mitigation for exposures that may not fall under the purview of an insurance policy. We work with our clients as their business grows or changes to make sure coverage flexes as appropriate to meet evolving needs.