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In New Mexico, rates on workers' compensation insurance coverage are slightly higher than the national average. Because of this it is crucially important for employers to ensure they are taking advantage of all the cost saving programss available to their business. At Workers Compensation Shop.com our agents specialize in Workers Comp Coverage and they work with more than a dozen providers to find your business comprehensive coverage at rock bottom prices.
We have partnered with many of our carrier partners to find flexible spending options to help our clients pay their premium the way they want to. One such program is Pay as You Go Workers Comp Coverage. This option requires les up front cost because it lets you pay your premiums monthly based on the payroll each month. This option is good for businesses who have a hard time estimating payroll throughout the entire year. It also frees up cash-flow for more immediate business needs.
Don't pay too much for your coverage. Call today to get a no obligation quote from one of our work comp experts at 888-611-7467.
In most states, We generally target businesses where we have the best opportunity to provide the most savings. Often times, we've worked out special considerations for underwriting and/or pricing with some of our insurance partners. More policy discounts and credits may be applied.
Don't see your business or industry? Don't worry, we've still got you covered.
Our Pay As You Go workers' compensation insurance plans make it more affordable to buy workers' compensation insurance with little to no money required to start coverage. These plans also help reduce the risk of having a big audit bill at the end of the year because the premium you pay is based on your actual, real-time payroll.
We offer Pay As You Go workers comp from dozens of top-rated insurance companies. We can manage the reporting process directly, set your business up to report and pay the carriers, or work with your payroll provider to collect and pay your premium each pay period or monthly.
In New Mexico, companies with 3 or more full or part-time employees are required by law to purchase workers compensation insurance.
Rates on Workers' Compensation Insurance in New Mexico are slightly higher than the national average and they are on the rise. New Mexico does have a state fund administered by New Mexico Mutual Insurance and it partners with the National Council on Compensation Insurance to be the assigned risk provider. Typically states who have a strong state fund enjoy lower rates, but because of a lack of competition amongst carriers rates in New Mexico continue to rise.
Get more information about workers' compensation in New Mexico:
Workers Compensation Info
Workers Comp Programs
National Broker Services