Carpentry workers comp rate in Tennessee
The filed workers comp rate for class code 5403 (Carpentry) in Tennessee is $2.21 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $11,050 in base premium.
Rate per $100 $2.21
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 18%
Confidence HIGH
FAQ
What is the workers comp rate for code 5403 in Tennessee?
The filed workers comp loss cost / rate for NCCI class code 5403 (Carpentry) in Tennessee is $2.21 per $100 of payroll, effective 2024-03-01.
How much would I pay in Tennessee for code 5403 on $500,000 of payroll?
At $2.21 per $100, $500,000 of payroll yields a base premium of $11,050 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 5403?
UT has the cheapest filed rate for code 5403 ($1.07) and NJ the highest ($16.11). Tennessee sits at the 18th percentile across 22 peer states.