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New Mexico Contractors Insurance

Our New Mexico Contractors Insurance programs provide trades of all types with an affordable solution against business claims –

Why do I need Contractors Insurance?

Contractors’ insurance protects against the financial risks present at all stages of business operations.

The New Mexico construction industry is a risky business. The more active the builder’s community becomes, the more risk exposure is present, raising the stakes for unexpected incidents. Falls, electric shock, and being struck-by objects are leading causes of work-related injuries or property damage on construction sites.

Placing a financial hedge around your business with a formidable contractors’ insurance package can alleviate these risks.

Protect Against the Unpredictable

All contractors, subcontractors, and specialty contractors seeking to do business in New Mexico are encouraged to visit the New Mexico and Licensing Department to review licensing and insurance requirements before commencing operations.

With a low rate fit for any budget, our commercial insurance experts are standing by to provide New Mexico contractors with the necessary options for transferring risk to a highly-rated insurance carrier.

Our Recommended Products

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
  • Contractual Liability
  • Products-Completed Operations
  • Defense Costs

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

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

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

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.