Nm Workers Comp Form Wc-1

The costs do not correspond to the premium for workers` compensation insurance. Payment of fees does not mean that the employer has workers` compensation insurance. The employer must take out insurance against accidents at work. The employer`s fees are 2.30 times the number of insured employees working on the last day of the quarter. The fee for insured employees working on the last day of the quarter is $2.00. Payment is due no later than the last day of the month following the end of the quarter. Employers must report and pay both costs using Form WC-1, Workers` Compensation Expenses. Instructions for WC-1 are available online. Employers must register with the Tax Department to submit THE USER DOCUMENT-1. Manage your account Workers` Compensation Administration Workers` Compensation Fee Bulletin The proceeds of these fees go to the State Treasurer to be deposited into the Workers` Compensation Administration Fund, of which $0.30 per employee of the fees assessed against the employer reaches the Fund for Uninsured Employers.

.