Obtain Insurance

As a business owner, you need to obtain insurance. Business insurance protects you from the unexpected costs of running a business. Accidents, natural disasters, and lawsuits could run you out of business if you’re not protected with the right insurance.

All businesses with employees must create an account in the Unemployment Insurance Program. The Unemployment Insurance Registration link below will take you to the New Mexico Department of Workforce Solutions web page to access the Unemployment Insurance Tax and Claims system.

All businesses that fall under the requirements of the Workers’ Compensation Act (WCA) must obtain workers’ compensation insurance. Workers’ compensation is a no‐fault system that provides medical and indemnity benefits to injured workers at a reasonable cost to employers. Employers obtain coverage through licensed insurance agencies. Employers must pay a quarterly assessment fee and display the WCA poster and forms. Larger employers must conduct an annual safety inspection

To learn more about the workers’ compensation system, select the Worker’s Compensation Brochure link below and review the Employer Guidebook. 

• Starting And Managing-business Insurance  
• Unemployment Insurance Registration
• Workers’ Compensation Brochure
• Employer Guidebook