Report all claims to Builders Trust.
Periodically a Builders Trust Participant will ask why they have to report an accident when they could just pay the claim themselves. Below you will find information that answers this question.
The NM Workers Compensation statutes give the NM Workers’ Compensation Administration (WCA) Director authority to promulgate Rules and Regulations governing workers’ compensation in New Mexico. Violations of some rules carry a penalty of $1,000 per day.
Paying a claim instead of reporting the claim to Builders Trust may violate the statutes, rules and regulations in several ways.