The state of New Mexico is located in the Southwestern United States. It shares the Four Corners region of the western U.S. with Utah, Colorado, and Arizona and is part of the Mountain States of the southern Rocky Mountains. By landmass, New Mexico is the fifth-largest of the fifty states.
New Mexico has one of the largest economies and industries in the country, highlighted by the oil and gas industry, media, and film industry. Cattle ranching, agriculture, lumber, scientific and technological research, tourism, and the arts are other highly diversified sectors of the state.
The government employs approximately 29,500 federal employees and 650,000 private employees. Organizations and businesses located in New Mexico may qualify for tax credits and exemptions.
In New Mexico, contractors can rely on comprehensive contractor’s insurance to protect themselves against lawsuits, workplace injuries, equipment damage, and other problems.
Contractors and business owners face a high level of risk when working on construction projects. In the event of property damage, bodily injury, or a work-related accident, comprehensive contractor insurance helps protect your business assets and employees.
By having your own insurance coverage as a business owner, you can avoid damaging financial debts resulting from work-related injuries.
Our expert brokers at Stampede Insurance have years of experience in the construction insurance industry and will assess your risk and select the best coverage insurance for contractors. Whether you’re looking for commercial auto insurance or general liability coverage, we’re here to help you find the right coverage and insurance company for your needs.
The line of work of contractors, subcontractors, small business owners, and independent tradespeople requires commercial insurance.
In addition to protecting your business, contractors’ insurance is often a requirement before you begin giving professional services to an employer. Many trades require contractors’ insurance, including:
There are several types of small business insurance coverage that general contractors may require depending on the nature of their work and their client contracts. Because of trade differences and other factors, it might not be possible to create a policy that fits all.
Insurers may cover the following under a contractor’s insurance policy:
Every business is different, and contractors can choose from various commercial insurance with basic coverages. You may need different types of insurance protection depending on the contracting business you run, the size, the number of employees, and the type of work you perform.
Stampede Insurance has years of experience finding the best business insurance policies for construction businesses and small businesses across a variety of industries. Talk to a local agent today!You can ask one of our licensed insurance agents any questions you might have about coverage. We also offer services in California, Texas, and Arizona.
Get a free online quote and find the contractor insurance coverage from one of our skilled brokers!
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