Carpenters Insurance in New Mexico

  • Compare quotes in minutes, with no obligation to buy
  • Buy online and receive coverage confirmation – instantly
  • Access only top-quality insurance companies (A-rated or better)

Residential Carpenter Quotes
Commercial Carpenter Quotes

Business Insurance for New Mexico Carpenters

Carpenters are a vital element of The Land of Enchantment industry of construction. They provide services throughout the entire process of the construction process starting from the assembly of the framework, to putting together a building’s finishing touches. Carpenters’ insurance for New Mexico companies can help safeguard your growing small business.

Learn about the carpenters’ insurance available in New Mexico. Find out how BizInsure can compare multiple quotes provided by A-rated carriers.

Customer service icon

Talk to our licensed agents now

You can relax knowing you’ve found A-rated insurance at a competitive price.
BizInsure’s licensed and experienced agents are available to help you find suitable insurance.

What are the common types of insurance for carpenters in NM?

You may consider various kinds of insurance for contractors in the field of carpentry in New Mexico to help protect your finances and employees.

General Liability insurance

Construction sites and work sites can be hazardous. Small accidents can have a big impact on your carpentry business.

Injuring someone else or causing damage to their property even by mistake, could leave you with expensive costs or demands to seek reimbursement. That’s why many carpenters look into General Liability insurance for their businesses.

Also referred to as Commercial General Liability (CGL) or “slip and fall coverage”, this insurance can protect your business against bodily injury or property damage lawsuits from outside parties. The policy will cover all legal fees as well as costs to remedy or rectify the issue, up to the limits of your liability.

Workers’ Compensation insurance

Workers Compensation insurance protects your company and its employees. If any of your employees get injured at work or are ill, this type of insurance will cover their medical bills. It will also cover some of their lost income if they’re unable to work because of the injury, as well as rehabilitation or physical therapy to transition the employee back into the workplace.

Workers’ Comp coverage is required in New Mexico for companies with at least three employees.

Who needs carpenters insurance in NM?

Many small business owners want to protect themselves from liability claims that could be devastating.

  • Liability insurance for Self-Employed Carpenters – Owning your own business can be exciting, but it also means that a lot of responsibility falls on the shoulders of you. A General Liability policy can help manage some of the liability risks you may face.
  • Commercial Carpenters – A General Liability Policy can protect you and your employees against third-party claims, whether you are a subcontractor for other companies or have multiple carpenters working in your business.
  • Contractors – It’s not just carpenters you should think about. Any contractor regardless of whether plumber, electrician or handyman is able to obtain General Liability insurance for their business.

What is covered by Carpenters Insurance in New Mexico?

General Liability insurance coverage for contractors and carpenters protects against lawsuits and claims arising from:

  • Injuries sustained by an unrelated third party
  • Property harm to a third person

It is important to note that General Liability insurance for commercial carpenters will cover any claims that are legitimate or not. False or unfounded claims could cost you the same amount to defend as legitimate claims. Having General Liability will protect your business from being destroyed by unfounded allegations.

How much does New Mexico carpenter insurance cost?

Each carpenter is different, and so are their business models. Information about your business is used to calculate the cost of insurance. That means that the cost you pay for carpenters’ insurance in New Mexico will likely vary from the other contractors and carpenters in your region.

The factors that can determine the cost of your business insurance include:

  • Business size – Usually your annual revenues.
  • The location of the business – A carpentry business operating in Albuquerque may pay more than a carpenter in Santa Fe or Las Cruces.
  • Numbers of employees – An insurance policy covering more employees will usually have a higher insurance premium.
  • Coverage level – You can pay more for coverage levels that are higher.
  • Claims histories – Carpenters that have filed multiple claims before could be required to pay more than a carpenter without claiming.

The majority of carpenters receive several quotes prior to purchasing insurance. They can then evaluate the costs and coverages to determine the right coverage.

Compare carpenters insurance for free with BizInsure

You work long hours to help make your carpentry business a success. At the time you’re done, there’s no time left to browse different websites for insurance quotes.

It was specifically designed for contractors who work full time. We remove the hassle and time purchasing insurance so that you can focus on developing your company. Instant coverage options let you safeguard your business from carpentry.

Comparing quotes from multiple companies, selecting the coverage that suits your needs, and then getting it takes about 10 minutes.

Get started (Residential)

Get started (Commercial)

Frequently asked questions about New Mexico carpenters insurance

Does carpenters insurance cover your tools?

General Liability insurance can be purchased if you are on the job and, you damage equipment belonging to a third company.
General Liability is not a policy that covers damages to your tools and equipment. Specific policies to safeguard your tools could be offered.

How much carpentry insurance is needed in New Mexico?

The amount you have to cover is contingent on several factors. For example, the size of projects you usually undertake. A carpenter working on a larger project may require broader General Liability insurance to protect their company.

As with any insurance, coverage will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this guide is general only and should not be relied upon as advice. The number of quotes provided varies between products, occupations and other underwriting factors determined by the insurers.
© Copyright 2023 BizInsure LLC, 2015 ALL RIGHTS RESERVED BizInsure LLC; CA DBA: Simple, Smart, BizInsure Insurance Agency LLC; NY DBA: BizInsure Services LLC; NH DBA: Simple, Smart, BizInsure Insurance Agency; PA DBA: BizInsure Services LLC. 2950 Buskirk Ave Suite 300, Walnut Creek CA 94597. License #0H81929
bizinsurance makes purchasing Business Insurance...SIMPLE!
Andrea W.
1701380391
Great quality of Service ,faster and convenience way to pay at most. Thank you for your Service to my Healthcare Facility .
Quick and easy!!!!
Terry
1701319042
Great service! Easy process and very informative representative. Andrea was great and very patience with our process. I would recommend using them!!
Terrance R.
1700848536
Always and easy process. Thanks!
Gerald S.
1700244544
Renewal was quick and easy online
Angelita K.
1699752900
I had a great experience working with Andrea from BizInsure. She was extremely knowledgeable, helpful, and responsive throughout the entire process. She guided me through the different options available and helped me find the perfect home care professional liability insurance policy that suited my needs. Her professionalism and expertise made the entire experience smooth and hassle-free. I highly recommend working with Andrea and BizInsure for all your insurance needs.
Juliette S.
1699032636
Easy to submit an application and to get quotes
Simone S.
1698775217
I had the most pleasant prompt and professional experience of my life with Bizinsure. Everything was completed in record time, at an unbelievable cost…and my certificate of Insurance was promptly emailed to me. Most of all it was effective immediately. No hassle no back & forth, just great service highly recommend to all small businesses.
Marcia S.
1698407456
Excellent
advanced U.
1697824466
Great service. Very professional and cordial. Thanks
Jeremiah U.
1697064641
BizInure has been a great company for our insurance needs. I wish customers services was 24/7, that would make it a five stars
Novilette L. J.
1696828014
Easy to navigate what you need. Always notify ahead of renewal!
Athena T.
1696646371
This is the best company I have ever worked with. They are professional and get you exactly what you need. I highly recommend them!
Jim P.
1696451803
this is really easy
Riaz R.
1696428004
Andrea was very useful and professional. I will be recommending Biznsure to my friends that need business insurance. Keep up the good work. I wish the agency also offers auto insurance and whenever you do I will be one of the first to sign up as sign of my appreciation.Mike Okonkwo.
Mike O
1696282284
Kalab was excellent. Great, great Agent. Every step was organized and well planned. I WILL recommend your firm to anyone. Thank you...
Easy to renew Policy
Plain S.
1695644756
Great total experience. The agent was professional, knowledgeable,and a pleasure to work with. The fastest business insurance purchase I've ever experience. I highly recommend Bizinsure.
Tony W.
1695492357
Communication was excellent and the process was easy.
Jessie R.
1695153508
I have been using Bizinsure for several years and find the ease of renewing as well as generating additional insured certificates to be easy and useful, especially as a sole prop. thank you
Michelle C.
1695060008
Kaleb tailored the right coverage to our business. Customer service was good and gave great understanding of coverage. Thank you from Goleda's Gentle Homecare LLC
Aneesah M.
1695056651
A GOOD COMPANY FOR HEALTH CARE INC
Supreme A.
1694871640
Easiest & fastest online quote and purchasing experience out there. Inside of 10 minutes I had a quote, payment draft, and policy in force... and at the most competitive GL rates I found.
Rusty H.
1694699044
very quick and prompt service.
Sally Jo W.
1694180429
caleb was great in helping me navigate thecorrect liabilty insurance for my company
Lindsay Erin P.
1694135867
Friendly fast service I recommend you to all vendors
Terry R.
1694133043
Great
Kemi S.
1694119021
Great Customer service and easy renewal process!!!! I would refer this company to anyone.
Chris H.
1694038325
Great company easy to work with, Andrew was very helpful,you can call him any time he is ready to listen and help
Olu A.
1693959486
Good customer service indeed
BASSI T.
1693944217
js_loader
Google Rating
4.6
Based on 214 reviews
×
js_loader