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A risk assumption letter is a formal document in which an individual or organization acknowledges responsibility for certain risks. This letter serves to protect the parties involved by clearly stating the understanding of potential dangers. Utilizing an assumption of risk form template can help create an effective letter that outlines responsibilities and risks associated with specific activities.
A company with three or more employees total, and at least one working in New Mexico, whether the employment is permanent, temporary or transitory, must carry workers' compensation insurance.
The fee is similar to a tax, and is $4.30 per employee per calendar quarter. Employers contribute $2.30, multiplied by the number of covered employees working on the last working day of the quarter.
Employers must report and pay both fees using the form WC-1, Workers' Compensation Fee. Instructions for WC-1 are available online. Employers must register with the Taxation and Revenue Department in order to file the WC-1.
A13: All employers subject to the insurance coverage requirements of the Workers' Compensation Act must pay a quarterly assessment fee of $4.30 for each covered employee working for their business on the last working day of each quarter ($2 is paid by the workers and $2.30 is paid by employers).
Workers' Compensation Assessment Fee The fee is similar to a tax, and is $4.30 per employee per calendar quarter. Employers contribute $2.30, multiplied by the number of covered employees working on the last working day of the quarter.
If filing online isn't possible, you can also report the accident in any of these ways: Email: Complete the Employers' First Report of Injury or Illness form and email it to NMMclaims@newmexicomutual.com. Fax: Complete the Employers' First Report of Injury or Illness form and fax it to 505-345-0656.
Workers' Compensation Claim Form (DWC-1) Form DWC-1 is used to file a workers' compensation claim with your employer.
A company with three or more employees total, and at least one working in New Mexico, whether the employment is permanent, temporary or transitory, must carry workers' compensation insurance.