New Mexico Contractors Insurance

Having been ranked among the top 10 locations for manufacturing in the country (Business Facilities Magazine) and named the state with the lowest "overall cost of doing business" (North American Business Cost Review), New Mexico is clearly on the move. Economic opportunities are plentiful here in the Land of Enchantment, and with the economic growth comes a greater demand for construction and the services of contractors with varying specializations. Before you can start working on any projects, however, remember that you needs must be covered by a New Mexico contractors’ insurance policy first.

In New Mexico, the workers’ compensation law states that employers who employ three or more workers are required to provide their employees with workers’ compensation insurance coverage. The only exception is for those in the construction industry, who must provide coverage no matter the number of employees that they have.

While this is the only kind of insurance that the law requires contractors to take out, however, it’s not advisable to stop there. At the very least, you must also have general liability insurance coverage which will protect you from potentially immense financial losses resulting from lawsuits and damages in the future.

For more information on New Mexico contractors’ insurance, we encourage you to explore the site and to get started with a free quote today. Simply send us your details through one of the forms to the right and we’ll get started on finding you the best New Mexico contractors’ insurance policy at the best price. If you’d prefer to speak to one of our team, you can call us at 1-800-649-9094.