New Mexico Workers Compensation

Does my New Mexico business need to carry workers compensation insurance?

Employers with three or more employees are required to carry workers compensation insurance through a New Mexico workers compensation policy or a New Mexico certified self-insurance program. Employers in the construction industry, however, must carry coverage regardless of the number of employees. If you carry coverage you are required to post Workers Compensation Act posters and provide Notice of Accident forms where your workers can see them. Also, failure to provide proper safety equipment and procedures resulting in injury may entitle the injured worker to extra benefits to be paid by you directly.

Who can exempt themselves from New Mexico workers compensation insurance?

Does New Mexico workers compensation law have specific requirements for subcontractors/contractors and sole proprietors?

Employee Leasing and Staffing Companies

Using a PEO or staffing company to obtain your workers compensation may be a good alternative to purchasing your own workers compensation policy. Leasing companies handle your payroll, w-2 forms, unemployment and workers compensation claims. In many cases the down payment required to obtain a new workers compensation policy is high and many new businesses cannot afford the down payment. Another advantage is that you will never get audited because you pay as you go for your coverage. We represent numerous leasing and staffing companies, who in many cases offer deep discounts on workers compensation coverage that cannot be found from standard workers compensation insurance carriers.

USL&H and The Jones Act

We have excellent workers compensation programs for specialty risks that require this endorsement. If you are unsure and want to read either the USL&H or Jones Act, please see the helpful links below provided for your convenience.

If you need a quote that requires this coverage

Click here for a USL&H Quote

Click here for the complete USL&H Act, courtesy of Cornell University.

Click here for: USL&H & Jones Act Information