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
great customer services.
This company allowed us an amazing experience, including very efficient, detail-oriented, and patient guidance from their commercial sales agent, Jenifer. I highly recommend this service for anyone in need of a business insurance policy.
Jennifer was very helpful and great to work with.
Very professional, fast and reliable. I appreciate their knowledge and experience. They have made this journey easier for me.
Very easy to renew! Thank you
super quick and easy process!
I am very satisfied with Bizinsure. No regrets
Very professional, easy, and thorough application process.
BizInsure is efficient and price friendly. I definitely reccommend them to anyone. Thank you.
Very easy to work with, cost effective, prompt renewal and easy to get certificates of insurance instantly. I use them exclusively for my professional and general liability insurance needs as a consultant.
Great process and very efficient.
Friendly and very fast service!
Jennifer Whiscombe, is an amazing agent. She was very knowledgeable, thorough and friendly. I highly recommend.
They make it very easy to buy insurance and renew.
As a business owner I love not wasting time. Thank you so much for giving me more time
Very straight forward, the cost of coverage amount made sense, simplicity was appreciated.
Always easy. Thank you.
A Company that is easy to deal with and that I have used for several years. I appreciate the continued support.
Very easy and affordable!
Responsive and professionalCompetitive price. I highly recommend Bizlnsure as an insurance provider
Your service is easy to renew as needed and your company informs the client in advance for renewal.
It has been a pleasure doing business with Biz Insure Llc.Their representatives are very courteous, helpful and customer service oriented.
Quick and easy....
I follow the instructions & would prefer to paid every month. I did not have the options to pay every month.
Thank you, Amy, for making my experience enjoyable and funny. Thank you so much for your kindness!!!
I'm pleased with the business quote I received from Bizinsure LLC. Thank You!
Very satisfied with the online experience
Been a happy customer for years! Easiest company to receive a quote and get insured. No hassles! Easy payment! Finance plans, if needed!
Love it
Every year, BizInsure is my go to for general and professional liability insurance! Thenrates are unbeatable.
The agent was quick and efficient in generating a quote for my needs.
I enjoy working BizInsure they always answer all my questions and make sure i have the correct coverage for my business.
Prompt and professional service from Biz Insure. Thanks Leslie and Liza!
Very easy to sign up for insurance.
Great company
Fast and efficient!
js_loader
Google Rating
4.7
Based on 279 reviews
×
js_loader