This type of business liability insurance is important for all New Mexico businesses. It covers common risks, including customer injuries. Most commercial leases require this coverage.
This policy, also called errors and omissions insurance (E&O), protects New Mexico businesses that provide professional services or advice. It covers legal costs related to work performance.
This policy covers financial losses from data breaches and cyberattacks. It's recommended for New Mexico businesses that handle credit card numbers and other sensitive data.
A BOP bundles commercial property insurance and general liability coverage in one plan. It's often the most cost-effective type of commercial insurance for a New Mexico business.
New Mexico state law requires workers’ comp for businesses that have three or more employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy is required for business-owned vehicles in New Mexico. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.
State laws affect which business insurance coverage you need. These policies are required everywhere in New Mexico, from Albuquerque to Las Cruces.
New Mexico state law requires businesses with three or more employees, full-time or part-time, to carry workers’ compensation insurance. In the construction industry, businesses with even one employee must provide workers’ comp.
This policy covers medical bills for work-related injuries and illnesses. It also provides disability benefits to injured New Mexico workers.
New Mexico's minimum requirements for auto liability insurance are:
Trucking companies may need additional coverage to comply with regulations.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to commercial general liability insurance or a business owner's policy (BOP).
Insureon's licensed agents can help you find policies that fulfill New Mexico's requirements and your business insurance needs. Once you've purchased insurance with us, you can download a certificate of insurance by logging into your account.
In New Mexico, insurance agencies, agents, and brokers are licensed by the New Mexico Office of the Superintendent of Insurance. Insureon is licensed in New Mexico for property and casualty insurance as BIN Insurance Holdings, LLC. You can verify our licensure with the National Association of Insurance Commissioners by selecting New Mexico, licensee, business entity, and then entering our state license, 1800008340.