NCCI · 22 states

Workers comp rates for code 5403: Carpentry

NCCI class code 5403 covers Carpentry in the construction industry. The median rate across 22 states is $2.97 per $100 payroll. Rates range from $1.07 in Utah to $16.11 in New Jersey.

Also known as: Carpenter · Framer

Cheapest 5 states for code 5403

  1. Utah $1.07
  2. Kansas $1.56
  3. Virginia $1.79
  4. Tennessee $2.21
  5. Alabama $2.22

Most expensive 5 states

  1. New Jersey $16.11
  2. New York $13.61
  3. California $11.61
  4. Illinois $5.87
  5. Minnesota $3.71

Code 5403 rates in all 22 states

State Code Rate per $100 vs peers Source
Utah 5403 $1.07 5% view
Kansas 5403 $1.56 9% view
Virginia 5403 $1.79 14% view
Tennessee 5403 $2.21 18% view
Alabama 5403 $2.22 23% view
Indiana 5403 $2.42 27% view
Kentucky 5403 $2.47 32% view
Rhode Island 5403 $2.71 36% view
Hawaii 5403 $2.75 41% view
Oregon 5403 $2.82 45% view
Oklahoma 5403 $2.86 50% view
Maryland 5403 $2.97 55% view
Alaska 5403 $3.19 59% view
Louisiana 5403 $3.32 64% view
Arkansas 5403 $3.33 68% view
Nevada 5403 $3.34 73% view
Michigan 5403 $3.65 77% view
Minnesota 5403 $3.71 82% view
Illinois 5403 $5.87 86% view
California 5403 $11.61 91% view
New York 5403 $13.61 95% view
New Jersey 5403 $16.11 100% view

Bottom quartile (cheap) Mid Top quartile (expensive)

FAQs about NCCI 5403

What occupation is NCCI class code 5403?

Class code 5403 is "Carpentry" (also known as Carpenter, Framer), in the construction industry. The code is filed in 22 states.

What is the average workers comp rate for code 5403?

The median rate across 22 states is $2.97 per $100 of payroll, ranging from $1.07 (Utah) to $16.11 (New Jersey).

Why does code 5403 cost more in some states than others?

Workers comp rates reflect each state's loss experience for that occupation, the rating bureau's methodology (NCCI vs. independent), schedule rating credits, and the state's medical-cost inflation. Some states are monopolistic (only the state fund writes coverage) while others are open competitive markets.