Las Cruces New Mexico Workers Compensation Sole Proprietor Affirmative Election Form
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How to fill out New Mexico Workers Compensation Sole Proprietor Affirmative Election Form?
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FAQ
Every employer required to be covered by the Workers' Compensation Act, or who elects to do so, and every employee covered by the Act, must pay a quarterly fee called the workers' compensation assessment fee. The fee is similar to a tax, and is $4.30 per employee per calendar quarter.
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.
If the total PPD rating is less than 80 percent, the maximum duration of indemnity payments for any whole body injury is 500 weeks, including TTD and PPD. If the PPD rating is 80 percent or more, benefits are paid for a maximum of 700 weeks.
The average workers' compensation case will be resolved within about 16 months. A resolution may result in a settlement agreement or a hearing with a judge. Under 20% of cases will be resolved within the first six months. About half of all workers finished up their claims in between 13 and 24 months.
Required care resulting from a work-related injury or illness is paid for generally at no expense to the worker. If you are injured in a work-related accident, your employer/insurer will pay all reasonable and necessary medical costs.
EE: This simple acronym denotes the employee, which refers to the injured worker launching the claim. ER: In workers' compensation, ER is used to denote the 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.
Form E 1.2 Employers' First Report of Injury. You need to complete this form and send a copy to EMPLOYERS and the New Mexico Workers' Compensation Administration within 10 days of knowledge of any alleged work-related injury or occupational disease that results in more than seven days of lost work.
The Workers' Compensation Fee Form, also called a WC-1, is filed online at the New Mexico Taxpayer Access Point (TAP) by going to tap.state.nm.us. A TAP account is required.
Required care resulting from a work-related injury or illness is paid for generally at no expense to the worker. If you are injured in a work-related accident, your employer/insurer will pay all reasonable and necessary medical costs.