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New Mexico Workers Compensation

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New Mexico Workers Compensation

We help New Mexico employers find better solutions for workers' compensation coverage.
Workers Compensation Programs for New Mexico. New Mexico Work Comp Programs
Learn about Workers' Compensation programs available in New Mexico.
New Mexico workers compensation rates. NM Workers' Compensation Rates
Find your state workers comp rates and class codes for New Mexico.
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View and complete NM workers' compensation forms and applications.
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Find more information about New Mexico work comp insurance.
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Questions? Call 888-611-7467 for a New Mexico Workmen's Compensation Shop Specialist

Workers Compensation is a national Agency, licensed throughout the United States.

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We've developed Pay As You Go worker compensation programs that reduce or eliminate premium deposits and allow New Mexico employers to report and pay premium based on actual payroll wages. Reduce your audit risk.

We've negotiated special terms with many of our insurance partners to offer more flexible payment options like 12 equal installments plans and monthly reporting programs to help improve cash flow for our business owners.

At Workers Compensation we know that employers want insurance quotes quick and easy. We've taken the guesswork out of our quoting process by developing programs for various industries. We quote your best rates fast.

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New Mexico Workmens Comp Experts New Mexico WC Rates Fast and Easy Workmans Compensation Need Help With New Mexico Class Codes?

Rates on Workers' Comp Insurance in New Mexico are slightly higher than the national average, but they are on the rise. In New Mexico, rates have risen 8 percent since 2016. Make sure you are not paying too much for your coverage. We have agents ready to help you get the best value for your work comp coverage.

Insurance rates vary significantly between NCCI classification codes. Let our NM Workers Compensation Specialists help you determine your correct workers compensation class codes before your buy a policy. We'll help make sure your business is properly covered.

Pay As You Go workers compensation quotes Fast Workers Comp Quotes Workers Compensation Companies in New Mexico Shop Over 35 Insurance Carriers

We make the process of getting workers compensation quotes fast and easy. We know your time is valuable. That's why we work harder to streamline the quote process, compare your rates and coverages, and present your best options as quickly as possible. We often have your insurance quotes ready in less than 24 hours.

We're a National Agency, and we have tons of carriers offering work comp in New Mexico. We have access to over 35 insurance companies with a diverse appetite and competitive rates. Our markets know we expect the lowest rates, bigger discounts, and more policy credits when we request a quote.



Did you know that the cost of a workers comp policy in New Mexico can vary significantly between insurance company, underwriter, and insurance agency?

Workers comp questions   10 Good Questions to Ask Your Agent

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Workers comp questions   Our Best Selling Programs by Industry

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2019 New Mexico Coverage Requirements

State workers compensation coverage requirements

In New Mexico, companies with more than 3 or more full or part-time employees are required by law to purchase workers compensation insurance.

State workers compensation coverage requirements

Sole-Proprietors and Partners are automatically included on a policy, but they may opt out of coverage.

State workers compensation coverage requirements

Corporate Officers and LLC Members are automatically included in coverage, but they may elect to be excluded. They must own at least 10% of the company's stock.

State workers compensation coverage requirements

Employees of a corporation and executives of an LLC who are also officers or executives of the corporation may choose to exempt themselves from coverage. This exemption is limited to the chairman of the board, president, vice president, secretary, treasurer or other executive officer; and only if that employee owns 10 percent or more of the stock of the corporation.

State workers compensation coverage requirements

Workers' Compensation Coverage is not required for household servants, real estate salespersons, and for farm and ranch laborers.

State workers compensation coverage requirements

Companies engaged in activities required to be licensed under the Construction Industries Licensing Act must have coverage, regardless of the number of employees.

2019 Payroll Requirements for Owners

State workers compensation coverage requirements

Sole-Proprietors and Partners who include themselves on workers compensation coverage must use a payroll amount of $42,400 for rating purposes. (As of 01/01/2019)

State workers compensation coverage requirements

Officers and LLC Members who are not excluded from coverage must utilize a minimum payroll of $41,600 and a maximum payroll of $171,600 for the purpose of rating workers comp premium. (As of 01/01/2019)

New Mexico Workers Compensation Insurance Quotes

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Learn more about workers compensation insurance in New Mexico Work Comp:   New Mexico | NM Programs| NM Rates | NM Forms | NM Info | NM Quotes
Workers Compensation Agents A+ BBB Rating

At Workers Compensation we think trust is an important part of doing business. That's why we have worked long and hard to earn an A+ rating from the Better Business Bureau. We want you to have confidence that our business practices are the best in the industry.

Give us a call today at 888-611-7467 or get started online. We've already helped thousands of New Mexico employers buy more affordable coverage for their business.

New Mexico Agency License: 100007804
National Producer Number: 5064979

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