Albuquerque Liability and Workers Compensation Insurance

If you own or operate a business in New Mexico, there are two main types of insurance you need to consider to protect your interests:

1) Business Liability Insurance
Liability insurance protects both you and your business from the financial loss (and potential ruin) of a lawsuit. Different types of business liability insurance include:

• General Liability—provides coverage for all types of businesses and protects them, if negligent, from injuries and property damage.


• Professional Liability—provides coverage for service-oriented businesses (i.e., doctors, lawyers, consultants, accountants, etc.) and protects them from malpractice errors or omissions.


• Product Liability—provides coverage for businesses that manufacture or sell products and protects them from injury claims that arise as a result of a consumer using their product.


• Employers Liability—provides coverage for businesses of all scopes and protects them from claims that arise from harm to employees due to workplace conditions or practices.


• Fire Legal Liability—provides coverage for businesses that lease or rent property and protects them from claims that arise in the event of fire damage.

2) Workers Compensation Insurance
Workers Compensation insurance is required for all businesses with three or more employees or businesses that are engaged in a hazardous occupation in New Mexico; construction companies must obtain Workers Compensation regardless of the number of employees. It provides coverage for employees who sustain work-related illness or injury and protects employers from many potential employee lawsuits.

When employees are injured at work or become ill due to working conditions, an employer must provide that employee with healthcare coverage and indemnity benefits. Workers Compensation provides these benefits to injured or ill workers.

Workers Compensation insurance can be expensive. Different payment options are available to employers to make Workers Compensation more affordable. The staff at Cress Insurance Consultants can help you find a carrier that’s right for your business.

For more information see New Mexico Workers Compensation Insurance.

At Cress Insurance Consultants, we are committed to helping you manage the risk associated with running and owning a business. If you need help sorting through Albuquerque liability and Workers Compensation insurance, contact us today. Our consultants take the time to understand the unique needs of your business so that we can recommend the best product to protect your interests. We do what’s right for you!

Call 505-822-8114 to learn more about
Albuquerque liability and Workers Compensation insurance today!

Cress Insurance Consultants
Large enough to handle all of your insurance needs. Small enough to care.