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  New Mexico Workers Compensation Information (NM)

 

 

The Insurance Shop offers Direct Bill and Pay As You Go Work Comp Solutions in New Mexico. 

We also offer QuickBooks Pay As You Go XactPAY Web program for QuickBooks users.

 

 Work Comp Information: (Owners Wages for Workers' Compensation)

Individuals and Partners

$33,300- Min Annual Payroll (effective 01.01.08).

Sole-proprietors and Partners covered only if endorsed on policy.

LLC Members

Statutorily included.  Corporation status. Treated as executive officer.

Treated the same as corporation.

Executives employees, defined as owning 10% or more ownership interest, may elect to be exempt.

Corporate Officers: Corporations

$15,600- Min Annual Payroll (effective 01.01.02).

Executives may be excluded by endorsement.

 

General Liability Information:

Individuals and Partners

$27,900- flat annual (effective 07.01.84).

Corporate Officers & LLC Members

$27,900- flat annual (effective 07.01.84).

* Information contained herein is based on the most accurate data as of the time of posting.  Please check with you states Division of Workers' Compensation Insurance for the most up to date information and to verify accuracy.  No warranty as to the accuracy or completeness is given or applied.

 

 

     

 

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