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NEW MEXICO BUSINESS INSURANCE

If you operate a business in New Mexico, Selective and your independent agent can help you protect it with a customized insurance policy.

New Mexico is home to a growing economy and diverse labor market, with businesses operating across industries like manufacturing, healthcare, and real estate.

If you are a business owner in New Mexico, Selective and our independent agency partners can help you get a comprehensive business insurance policy tailored to your unique needs.

Find a local New Mexico insurance agent today to learn more about the types of coverage available and to get a quote.

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BUSINESSES WE INSURE IN NEW MEXICO

At Selective, we offer commercial insurance to over 400 types of businesses. Alongside our independent agency partners, we are proud to serve New Mexico businesses of almost any size, including, but not limited to:

• Contractors – general contractors (residential and commercial), glass and glazing, plaster and drywall, floor laying, metal erection

• Manufacturers and Wholesalers – wholesale durables, industrial machinery, furniture and fixtures, rubber and plastics, apparel

• Professional Offices – law firms, advertising agencies, medical offices, real estate agencies, architects, accounting firms

• Mercantile Services – retail food, retail goods, public golf courses

• Auto Services – including repair shops and body shops

• Consumer Assistance Programs – social services, senior living, religious organizations, municipalities, fire departments

Don't see your profession or want more information? Find a local independent agent in New Mexico for answers and a business insurance quote.

NEW MEXICO BUSINESS INSURANCE FROM SELECTIVE

You worked hard to build your business. Now it's time to protect it. Selective and your independent agent can help you customize a business insurance solution with the right levels of coverage for your unique needs.

Business Interruption

Business interruption insurance can help protect your company against income loss in the event of a covered incident that forces you to suspend business operations. This type of insurance can also assist with rent or lease payments, relocation costs, employee wages, taxes, and loan payments until your business can reopen.

Business interruption insurance does not usually cover damages or losses from flooding, earthquakes, mudslides, and other natural disasters. You can, however, purchase additional coverage to help protect against these risks.

Business liability insurance in New Mexico can help protect your company from liability claims, including allegations of third-party property damage, bodily injury, false arrest, reputational damage, and more. In addition to providing financial protection, commercial general liability insurance may help pay for legal fees related to lawsuits against your company and medical costs if someone sustains a bodily injury on your business property.

Commercial property insurance can help protect your physical assets, including furniture, inventory, and business equipment. It may also pay for repair or replacement costs in the event of losses due to fires, vandalism, or other covered risks that may cause structural damage to your insured building or its contents.

Ensuring the safety and security of your assets is crucial for any company, as is keeping your business running after a loss, so talk to your independent agent about New Mexico business insurance from Selective.

“Selective really makes it easy for me to focus on the day-to-day running of our practice instead of insurance!”

Commercial Customer

Additional Coverages for New Mexico Businesses

Selective offers optional insurance coverages and enhancements to help you and your agent build a targeted insurance solution that meets your needs. Optional coverages for New Mexico businesses include:

Workers Compensation – can help pay for medical treatment, lost wages, rehabilitation, and disability benefits if an employee has a work-related injury or illness. It can also help protect you as a business owner by helping pay for legal costs if an injured worker sues your business.
Commercial Flood Insurance – in New Mexico helps protect your physical buildings or structures from flood-related losses, including damage to the foundation, walls, HVAC, wiring, and more. It also covers the contents, including furniture, equipment, inventory, and more.
Product Recall Coverage in New Mexico can help your business navigate product recalls, minimize losses, and pay for covered expenses such as hiring temporary employees or product disposal.
Management Liability Insurance – is a suite of coverages that can help protect your New Mexico business from financial losses not typically covered under standard commercial general liability policies. MLI coverages include Directors and Officers (D&O), Employment Practices Liability Insurance (EPLI), and Fiduciary Liability (FLI).
Commercial Auto Insurance in New Mexico can help protect your company vehicles and drivers on and off the road. It may also help pay for medical bills if you, your employees, or passengers are injured in an accident in which your company is at fault. Please

Cyber Liability Insurance for New Mexico Businesses

Cyberattacks can take many forms. Whether you’ve heard of them as ransomware, cyber extortion, social engineering, data breach, or security breach, cybercrime is a growing threat that all businesses must prepare for.

Click here to Explore Cyber Liability Insurance about

Cyber Liability Insurance for New Mexico Businesses

Get Broad and Convenient Coverage in New Mexico from a Business Owners Policy

A Business Owners Policy (BOP) is a convenient insurance solution that bundles property, liability, and business income insurance into a single, budget-friendly package that can help protect your business against losses related to property damage, lawsuits, or other incidents.

Your independent New Mexico insurance agent can help you decide if a Business Owners Policy from Selective is right for your needs.

Get Broad and Convenient Coverage in New Mexico from a Business Owners Policy

Your independent New Mexico insurance agent can help you decide if a Business Owners Policy from Selective is right for your needs.

FIND AN INDEPENDENT INSURANCE AGENT IN NEW MEXICO

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FREQUENTLY ASKED QUESTIONS ABOUT NEW MEXICO BUSINESS INSURANCE

How Much Does Commercial Insurance Cost in New Mexico?

Commercial insurance costs in New Mexico vary from business to business. Factors that can affect your cost include (but are not limited to), location, payroll, number of employees, and the types of vehicles you own. Your local independent insurance agent can help you assess your risks and customize a commercial insurance policy that provides adequate protection for your needs.

Is Workers Compensation Insurance Mandatory for Employers in New Mexico?

New Mexico businesses must carry worker’s compensation insurance if they employ one or more full-time, part-time, seasonal, or occasional workers. Without workers' compensation insurance, you could be held liable for all benefits provided under New Mexico law if an employee is injured or becomes ill on your premises. A worker’s compensation policy may also provide injured workers with a portion of lost wages if they take time off to recover.