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State files updated Oct 28, 2026
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New Mexico contractor license bondInsurance and workers' comp

A $10,000 surety bond from a surety authorized in New Mexico is required at the start and at every renewal.1 The Act sets no general liability insurance minimum.2

Bond and insurance by trade in New Mexico

TradeBondInsuranceWorkers' comp
General contractor, electrical, plumbing and HVACA $10,000 surety bond from a surety authorized in New Mexico is required at the start and at every renewal.1The Act sets no general liability insurance minimum.2Licensees must comply with the state Workers' Compensation Act, and failing to carry required workers' compensation insurance is grounds for discipline.2

Bond and insurance rules for roofing: check with NM Regulation and Licensing Dept.

How much is the contractor bond in New Mexico?

A $10,000 surety bond from a surety authorized in New Mexico is required at the start and at every renewal. It pays for code violations the licensee fails to fix, and claims must be made within two years after final inspection or certificate of occupancy.1

What general liability insurance does New Mexico require?

The Act sets no general liability insurance minimum. The only proof of financial responsibility required is the $10,000 bond.2

Can a New Mexico contractor be exempt from workers' comp?

Licensees must comply with the state Workers' Compensation Act, and failing to carry required workers' compensation insurance is grounds for discipline.2

What is a certificate of insurance?

It's the one-page summary (usually an ACORD 25 form) a contractor's agent issues to show the policies, limits and dates in force. How to read and check one

Sources

  1. NM Regulation and Licensing Dept: bond (srca.nm.gov, 2026-10-27)
  2. NM Regulation and Licensing Dept: insurance (rld.nm.gov, 2026-10-27)