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Starting a business in New Mexico opens the door to risks. You need insurance designed for your industry and business size. We customize plans for more than 20 industries. Pick coverage below to start a quote today.
STANDARD
When you also have equipment or operate from an office
All basic plan benefits and:
PRO
When you also have at least one employee
* Plus Workers Compensation
All standard plan benefits and:
CUSTOM
When you have specific requirements
ALREADY INSURED?
We will take care of the switching hassle.
Call us at (646) 844-9933 for help and more information
Whether you’re looking to satisfy New Mexico requirements with workers comp and disability insurance or know insurance is the only way to protect your finances, we’ve got you covered.
New Mexico mandates that you carry Workers' Compensation if you have employees and a Commercial Auto Insurance if you use vehicles for your business. General Liability insurance plans are required based on the size of your business and the industry you work in.
New Mexico businesses requires $25,000 for bodily injury, $10,000 for property damage, and $50,000 to $100,000 for the death of one or more people. You'll also need a Commercial Auto policy for the coverage.
New Mexico requires you to carry a Workers' Compensation if you have three or more employees. This is true even if they are farm workers; however, it is not a requirement if you employ independent contractors or domestic workers.
Before hiring a driver, ask them for evidence of insurance coverage. They should also provide insurance card evidence from the carrier.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
Our mission is to help small businesses to be better protected, informed and served. See what our customers are saying.
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Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business:
