Workers comp rates for code 5409: Carpentry - Commercial/Industrial
NCCI class code 5409 covers Carpentry - Commercial/Industrial in the construction industry. The median rate across 1 states is $4.71 per $100 payroll. Rates range from $4.71 in New Jersey to $4.71 in New Jersey.
Also known as: Commercial Carpenter · Industrial Carpenter
Cheapest 5 states for code 5409
- New Jersey $4.71
Most expensive 5 states
- New Jersey $4.71
Code 5409 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| New Jersey | 5409 | $4.71 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 5409
What occupation is NCCI class code 5409?
Class code 5409 is "Carpentry - Commercial/Industrial" (also known as Commercial Carpenter, Industrial Carpenter), in the construction industry. The code is filed in 1 states.
What is the average workers comp rate for code 5409?
The median rate across 1 states is $4.71 per $100 of payroll, ranging from $4.71 (New Jersey) to $4.71 (New Jersey).
Why does code 5409 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.