Question 1

How much does workers' comp cost for Electrical Wiring - Commercial in New Mexico?

Accepted Answer

The current rate for Electrical Wiring - Commercial (Class Code 5191) in New Mexico is $7.11 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $3555 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 Electrical Wiring - Commercial is $7.11, which is $0.63 below the national average of $7.74 (-8%).

Question 4

What does class code 5191 cover?

Accepted Answer

Covers electricians performing wiring and electrical installation work within commercial buildings.

State	Rate per $100	Difference
New Mexico (current)	$7.11	—
Indiana	$5.66	-1.45
Texas	$5.94	-1.17
Virginia	$6.02	-1.09
Utah	$6.16	-0.95
Arkansas	$6.38	-0.73

Workers' Comp Rate for Electrical Wiring - Commercial in New Mexico (Class Code 5191)

Get a Custom Quote for Electrical Wiring - Commercial in New Mexico

Compare: Electrical Wiring - Commercial 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?