General liability covers common risks for small businesses in New Mexico, including customer property damage and injuries. Commercial leases often require this policy.
This policy is also called professional liability insurance. It protects professionals against lawsuits over mistakes, missed deadlines, and oversights.
This policy protects New Mexico small businesses against data breaches and cyberattacks that affect your business or a client.
This policy bundles property insurance and general liability insurance. It's often the most cost-effective type of commercial insurance for a New Mexico small business.
Workers’ compensation is required for New Mexico small businesses that have three or more employees. It can cover medical costs for work injuries.
This policy is required for vehicles owned by New Mexico small businesses. It covers injuries and property damage in an accident, along with other types of damage.
New Mexico state law requires businesses with three or more employees, full-time or part-time, to carry workers’ compensation insurance. This policy covers medical bills for work injuries and illnesses.
Vehicles owned by small businesses in New Mexico must be covered by commercial auto insurance. New Mexico requires $10,000 property damage liability per accident, $50,000 bodily injury liability per accident, and $25,000 bodily injury liability per person.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
Our agents are experts in insurance for New Mexico technology businesses. They can help you find policies that fit your company and fulfill state requirements.
TechInsurance is licensed by the New Mexico Office of the Superintendent 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 number, 1800008340.