Question 1

How much does workers' comp cost for Soft Drink Manufacturing in New Mexico?

Accepted Answer

The current rate for Soft Drink Manufacturing (Class Code 2105) in New Mexico is $2.70 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1350 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 Soft Drink Manufacturing is $2.70, which is $0.24 below the national average of $2.94 (-8%).

Question 4

What does class code 2105 cover?

Accepted Answer

Covers workers manufacturing soft drinks, carbonated beverages, and flavored water products.

State	Rate per $100	Difference
New Mexico (current)	$2.70	—
Indiana	$2.15	-0.55
Texas	$2.26	-0.44
Virginia	$2.28	-0.42
Utah	$2.34	-0.36
Arkansas	$2.42	-0.28

Workers' Comp Rate for Soft Drink Manufacturing in New Mexico (Class Code 2105)

Get a Custom Quote for Soft Drink Manufacturing in New Mexico

Compare: Soft Drink Manufacturing 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?