Business insurance • New Mexico plumbing contractors
New Mexico Plumbing Contractor Insurance: MM-1 License, $10,000 Bond, and Coverage
New Mexico licenses plumbing contractors through the Construction Industries Division (CID) under the MM-1 classification. Applicants pass the MM-1 trade exam and the Business and Law exam, and post a $10,000 corporate surety bond at licensing and renewal. Individuals doing plumbing generally need a Journeyman Plumber certificate.
This guide covers New Mexico plumbing licensing, the bond, workers’ comp, coverage, and typical costs. Blake Insurance Group is an independent agency licensed in New Mexico, and a licensed agent can compare quotes for your plumbing business.
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New Mexico MM-1 license
| Requirement | Detail |
|---|---|
| Experience | Four years of plumbing experience in the last ten |
| Exams | MM-1 trade exam and Business and Law exam, 75% each |
| Bond | $10,000 corporate surety bond at licensing and renewal |
| Workers’ comp | Required for licensed entities, per CID guidance |
Source: Contractor License Requirements (New Mexico plumber guide). CID sets no statewide general liability minimum, and the bond does not replace liability insurance.
See our New Mexico contractor license bond guide.
Coverage most New Mexico plumbers carry
- General liability: third-party injuries and property damage, such as a failed fitting that floods a customer’s home.
- Business owner’s policy: general liability bundled with property coverage for your shop and stock, often at a lower combined price.
- Workers’ compensation: medical bills and lost wages if an employee is hurt on the job.
- Commercial auto: service vans and trucks that carry crews, parts, and equipment.
- Tools and equipment (inland marine): pipe threaders, drain machines, and cameras on job sites or in transit.
- Commercial umbrella: extra limits on top of general liability and auto, often required on commercial jobs.
What New Mexico plumbers pay
| Policy | Monthly | Annual |
|---|---|---|
| General liability | $147 | $1,768 |
| Business owner’s policy | $213 | $2,559 |
| Workers’ compensation | $179 | $2,150 |
| Commercial auto | $285 | $3,415 |
| Tools and equipment | $42 | $505 |
| Professional liability | $67 | $808 |
| Commercial umbrella | $93 | $1,111 |
Costs reported by Insureon for plumbing businesses that bought policies through its site, mostly with fewer than five employees. Your price depends on payroll, the work you do, claims history, and location.
New Mexico plumbing insurance FAQs
What license does a New Mexico plumbing contractor need?
A CID license with the MM-1 classification.
What bond does a New Mexico plumbing contractor need?
A $10,000 corporate surety bond at licensing and renewal.
Does New Mexico require general liability for plumbers?
CID sets no statewide minimum, but owners, lenders, and local authorities often do.
Related guides
- Plumbing contractor insurance
- New Mexico roofing contractor insurance
- New Mexico contractor license bond
- New Mexico contractor insurance
- General liability insurance
- Workers’ compensation insurance
- Commercial auto insurance
- Contractor insurance
- New Mexico electrical contractor insurance
- New Mexico HVAC contractor insurance
Important information
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Independent agency. Blake Insurance Group LLC is an independent insurance agency. Licensed insurance producer NPN 16944666. Licensed states: AZ, AL, TX, CA, NY, OH, FL, NC, VA, GA, OK, NM, IA, KS, MI, NE, SC, SD, WV, IL, NJ, PA, TN, and WA. Which insurance companies we can quote depends on our current appointments, the product, and your state. Mentioning a company on this page does not mean we represent it.
Cost figures. Published averages and ranges are cited from the sources named, as of the dates shown. They are not quotes and may not reflect your price, which depends on the insurer, your state, your payroll, the work you do, and your claims history.
Availability. Coverage, prices, discounts, and eligibility vary by insurer, state, and applicant, and are subject to underwriting. The issued policy controls.
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