Question 1

How much does workers' comp cost for Nail Salon in New Mexico?

Accepted Answer

The current rate for Nail Salon (Class Code 9587) in New Mexico is $0.98 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $490 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 Nail Salon is $0.98, which is $0.09 below the national average of $1.07 (-8%).

Question 4

What does class code 9587 cover?

Accepted Answer

Covers workers in nail salons performing manicures, pedicures, nail art, and related hand and foot care services.

State	Rate per $100	Difference
New Mexico (current)	$0.98	—
Indiana	$0.78	-0.20
Texas	$0.82	-0.16
Virginia	$0.83	-0.15
Utah	$0.85	-0.13
Arkansas	$0.88	-0.10

Workers' Comp Rate for Nail Salon in New Mexico (Class Code 9587)

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