Question 1

How much does workers' comp cost for Automatic Sprinkler Installation in New Mexico?

Accepted Answer

The current rate for Automatic Sprinkler Installation (Class Code 5188) in New Mexico is $7.69 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $3845 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in New Mexico?

Accepted Answer

Yes, workers' compensation insurance is mandatory in New Mexico for employers with 3 or more employees.

Question 3

How does New Mexico's rate compare to other states?

Accepted Answer

New Mexico's rate for Automatic Sprinkler Installation is $7.69, which is $0.69 below the national average of $8.38 (-8%).

Question 4

What does class code 5188 cover?

Accepted Answer

Covers workers installing automatic fire sprinkler systems in commercial and residential buildings.

State	Rate per $100	Difference
New Mexico (current)	$7.69	—
Indiana	$6.12	-1.57
Texas	$6.44	-1.25
Virginia	$6.52	-1.17
Utah	$6.67	-1.02
Arkansas	$6.91	-0.78

Workers' Comp Rate for Automatic Sprinkler Installation in New Mexico (Class Code 5188)

Get a Custom Quote for Automatic Sprinkler Installation in New Mexico

Compare: Automatic Sprinkler Installation Rates in Other States

Get an Exact Quote for Your Business in New Mexico

Related Class Codes in New Mexico

Frequently Asked Questions

Ready to Get Covered?