A couple of minutes can save you up to 65% or more with
New Mexico's premier contractors' insurance programs –
Contractors
Insurance
New Mexico
New Mexico
Contractors Insurance
Stop overpaying for coverage in the Land of Enchantment!
A couple of minutes can save you up to 65% or more with New Mexico’s premier contractors’ insurance programs –
Coverage for New Mexico Contractors
With access to the nation's top construction specialty markets, our New Mexico Contractors Insurance programs offer trades of all types an inexpensive solution against everyday business claims –
What is New Mexico Contractors’ Insurance?
New Mexico contractors’ insurance is more than just a safety net. It’s a strategic tool that protects your business from the financial uncertainties that can arise at any stage of your operations. It helps contractors recover from unexpected property damage or legal claims, ensuring their business continuity.
Why Do I Need It?
From Santa Fe to Albuquerque and Roswell to Las Cruces, the construction industry in New Mexico is booming. But with growth comes risk. Common incidents like falls, electric shocks, and objects striking individuals can lead to work-related injuries or property damage. Not preparing for these unforeseen events can spell disaster, potentially wiping out an inadequate or uninsured business owner overnight. That’s why it’s crucial for New Mexico contractors to secure a robust insurance package tailored to their unique needs, to avoid such financial disasters.
Protect Against the Unpredictable
All contractors, subcontractors, and specialty trades aiming to conduct business in New Mexico are strongly advised to consult the New Mexico and Licensing Department website for licensing and insurance requirements before initiating operations, ensuring you are fully informed and prepared.
Our insurance experts are here not just to assist you in obtaining comprehensive and affordable coverage, but also to provide you with the support and guidance you need. With rates designed to fit any budget, we can help you secure the best options to transfer risk to reputable insurance carriers. Don’t wait—secure your business’s future today with our expert assistance.
Our Recommended Products
General Liability
General Liability
New Mexico contractors’ general liability insurance lays the foundation for a well-balanced commercial insurance portfolio.
A New Mexico contractors’ general liability policy protects your business establishment from third-party injury and property damage claims.
New Mexico contractors’ general liability insurance provides coverage for:
- Business Liability
- Liability Assumed Under a Contract
- Products-Completed Operations
- Personal and Advertising Injury
- And Much More
Workers' Comp
Workers' Comp
New Mexico contractors’ workers’ compensation insurance provides “no-fault” coverage for business employees with injuries or illnesses caused by workplace accidents.
A New Mexico contractors’ workers’ compensation policy protects company owners from financial liability incurred by injured employees’ medical expenses.
New Mexico businesses face severe penalties and fines for violating workers’ compensation laws.
Please visit the New Mexico Regulation and Licensing Department to verify workers’ compensation mandates.
Surety Bonds
Surety Bonds
A New Mexico contractor license bond provides a financial guarantee for the regulation and licensing department.
Many large projects and government agencies will require a New Mexico contractors’ surety bond before bidding on a project.
New Mexico contractors’ surety bonds protect the contracted parties if the obligations do not fulfill the terms of the bid.
Commercial Auto
Commercial Auto
New Mexico contractors’ commercial auto insurance protects your business vehicles if you or an insured driver are found liable for an at-fault accident.
A New Mexico contractors’ commercial auto policy provides coverage for your company vehicles and trailers damaged in an accident, stolen, or vandalized.
New Mexico contractors’ commercial auto insurance can provide up to $1 million in combined single limits, hired and non-owned auto liability, no limits on the number of vehicles or drivers, and other forms not available on a standard personal auto policy.
Tool Coverage
Tool Coverage
New Mexico contractors’ inland marine insurance provides all-risk property coverage for business products, tools, and equipment in transit or stored at an off-site location.
Also known as New Mexico contractors’ tool and equipment insurance, New Mexico contractors’ inland marine insurance reimburses your business for such common perils:
- Theft
- Fire
- Wind
- Hail
- Water damage
New Mexico contractors’ inland marine insurance provides “installation” risk coverage.
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