Builders Trust of New Mexico

What Builders Trust of New Mexico does

Builders Trust of New Mexico is a not-for-profit, unincorporated association founded in 1987 and headquartered in Albuquerque. It operates as a self-insured workers' compensation fund exclusively serving the New Mexico construction industry, currently covering construction payroll exceeding $800 million across participating contractors, builders, and trade professionals. The organization is owned by its Participants and governed by a Board of Trustees composed entirely of Participants, with any operating surplus returned to members rather than distributed as profit.

The fund distributes coverage through a curated network of approximately 25+ independent insurance agencies throughout New Mexico, supplemented by participant-facing digital tools including a web portal and the BT App (launched in 2023 on iOS and Android). Beyond the core workers' compensation product, Builders Trust delivers safety services such as OSHA 10/30 training, on-site jobsite consultations, bilingual (English/Spanish) safety training videos, weekly Toolbox Talks, the quarterly Blueprints newsletter, and a safety podcast series. The business model is subscription-style recurring premiums, with multi-year rate decreases (10% in 2019, 7.5% in 2022, and 5% for 2025) reflecting experience-rating gains shared back to Participants.

Geographically, Builders Trust is constrained to New Mexico, with out-of-state workers explicitly excluded from coverage. The organization maintains strategic partnerships with 14+ trade associations, including AGC NM and ABC NM, and has earned industry recognition including the AGC Safety Award and ABC Top Performer designations for participant companies. A CEO retirement was disclosed in the Q2 2026 Blueprints newsletter, marking a near-term leadership transition for the 38-year-old entity.

Name

Builders Trust of New Mexico

Legal name

Builders Trust of New Mexico

Website

https://builderstrust.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Builders Trust of New Mexico is a not-for-profit, participant-owned self-insured workers' compensation fund founded in 1987, exclusively serving the New Mexico construction industry and covering over $800 million in construction payroll.

Ownership category

akta.pro rank

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Workers' Compensation Premiums: Builders Trust operates as a not-for-profit, unincorporated association that collects premiums from participants to cover statutory workers' compensation requirements. As a self-insured fund owned by participants, any surplus is returned to participants rather than distributed as profit.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Builders Trust of New Mexico is a not-for-profit, unincorporated association that operates as a self-insured workers' compensation fund exclusively serving the New Mexico construction industry. Owned by its participants and governed by a Board of Trustees comprised of participants, the organization collects premiums to cover statutory workers' compensation requirements and returns surplus to participants rather than distributing as profit. It supplements coverage with safety training, claims management, premium audit, and policy administration services.

Product overview

Builders Trust of New Mexico offers a single, unified workers' compensation coverage product through a self-insured fund structure for the New Mexico construction industry. The portfolio consists of the core Workers' Compensation Coverage product supplemented by participant-facing digital tools (BT App mobile application, BT Portal), safety content (Safety Training Videos, Toolbox Talks, BT Podcasts), publications (Blueprints quarterly newsletter), and Field Safety Services including on-site consultation and training. The company also provides claims management, premium audit, and policy administration services as participant support functions.

Differentiator

Problem solved

Functional benefit

Brands

• Blueprints: Quarterly newsletter publication providing news and updates about workers' compensation, safety, and the construction industry.
• BT App
• BT Podcasts

Products and services

• Workers' Compensation Coverage Self-insured statutory workers' compensation coverage for construction contractors, builders, and related trade professionals operating in New Mexico, currently covering construction payroll exceeding $800 million.
• BT App Mobile application for participants providing business management tools, access to policy information, claims management resources, and safety tools. Available on iOS and Android.
• Field Safety Services On-site safety consultation including jobsite inspections, OSHA 10 and OSHA 30 safety training classes, First Aid/CPR training, and Mobile Training Center services delivered directly to jobsites.
• Safety Training Videos
• BT Podcasts

Quantifiable outcome

• Rate decreases of 5% for 2025, 7.5% for 2022, and 10% for 2019
• +1 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered core, major and minor.

• Associated General Contractors NMcoreStrategic or Co-development Partner · 1 January 1987Flagship trade association partner supporting the New Mexico construction industry since 1987. Builders Trust has partnered with AGC New Mexico as evidenced by co-branded initiatives in the Blueprints newsletter and industry events.
• Associated Builders & Contractors NMcoreStrategic or Co-development PartnerTrade association partner. Del Rio Enterprises, Inc. and DRB Electric, Inc., recognized as ABC Top Performers, are participants in both ABC and Builders Trust.
• Associated Contractors of NMmajorStrategic or Co-development PartnerTrade association partner supporting the construction industry in New Mexico.
• HBA of Central NMmajorStrategic or Co-development PartnerHome Builders Association partner. Builders Trust offers to send members from local HBAs to the International Builders' Show (IBS).
• Santa Fe Area HBAmajorStrategic or Co-development PartnerHome Builders Association partner in Santa Fe area. Local HBA facilities are used for safety training classes.
• Lincoln County HBAminorStrategic or Co-development PartnerHome Builders Association partner in Lincoln County.
• Southwest NM HBAminorStrategic or Co-development PartnerHome Builders Association partner in Southwest New Mexico.
• NM Construction Alliance (NMCA)majorStrategic or Co-development PartnerConstruction industry alliance in New Mexico focused on industry advancement and collaboration.
• American Subcontractors Association NMmajorStrategic or Co-development PartnerTrade association representing subcontractors in New Mexico construction industry.
• New Mexico Utility Contractors AssociationminorStrategic or Co-development PartnerTrade association for utility contractors in New Mexico.
• New Mexico Home Builders AssociationmajorStrategic or Co-development PartnerState-level home builders association partner supporting residential construction industry.
• Building Contractors Assn of Otero CountyminorStrategic or Co-development PartnerLocal building contractors association in Otero County.
• San Juan County HBAminorStrategic or Co-development PartnerHome Builders Association in San Juan County, New Mexico.
• HBA of Eastern NMminorStrategic or Co-development PartnerHome Builders Association serving Eastern New Mexico.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Berkshire Hathaway Homestate Companies: Workers' compensation specialist within Berkshire Hathaway serving construction and other industries. Comparable workers' comp product for construction employers, with broader geographic and industry footprint than Builders Trust.
• AmTrust Financial Services: National workers' compensation and specialty insurance carrier serving small and mid-sized construction businesses. Comparable customer segment and product, though operating as a traditional insurance carrier across multiple states.
• The Hartford: Major national insurance carrier offering workers' compensation coverage to construction and other industries. Comparable product but operates as a broad-line incumbent rather than a construction-specialized fund.
• Liberty Mutual Insurance: Major national insurance carrier offering workers' compensation and other lines to construction businesses. Comparable product offering but operating as a broad-line incumbent across all industries.
• Travelers: Large national insurance carrier with a significant workers' compensation practice serving construction and other industries. Comparable core product but with much broader scale and geographic reach than Builders Trust.
• Washington State Department of Labor & Industries: State-run workers' compensation fund that serves as a publicly-administered alternative to private carriers. Similar in providing a non-private market option for workers' comp, though covering all industries in Washington state.
• State Compensation Insurance Fund (California): State-established workers' compensation insurance carrier offering similar coverage to construction and other industries. Comparable in being a non-private market alternative, though it operates much more broadly than Builders Trust's construction-only focus.

Emerging players

• Builders Insurance Group: Insurance provider focused on the construction industry, offering workers' compensation and other coverages to contractors. Comparable construction-industry specialization, though operating as a traditional carrier rather than a self-insured participant-owned fund.

Direct peers

• Zenith Insurance Company: Specialty workers' compensation insurance carrier with deep construction industry focus. Directly comparable product offering to construction employers, though operating as a traditional carrier rather than a participant-owned fund.
• The Builders' Group (TBG): Construction industry self-insured workers' compensation fund operating on a similar participant-owned, cooperative model. Most directly comparable in product, customer base, and governance structure to Builders Trust of New Mexico.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=vaa0b4kxJy0
• LinkedInlinkedin.com/company/builders-trust-of-new-mexico

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Builders Trust of New Mexico