Carpenter Workers' Comp Rates (NAICS 238350)
Carpenter insurance rates
What carpenter businesses pay for Workers' Comp — filed loss costs summarized from public state-DOI filings across 14 state(s).
Carpenter businesses price Workers' Compensation off their NCCI class code, and the premium is driven by the filed loss cost each state regulator has approved for that work. This page summarizes what carpenter operations pay by state; for the full class-by-class filing detail, follow the class-code links below. Finish-carpentry trade contractor: trim, millwork, cabinetry, doors and windows installed at the construction site.
See the full filed loss cost by state
Carpenter Workers' Comp is priced off NCCI class code:
What coverage a Carpenter business needs
Most carpenter operations carry Workers' Compensation — legally required in almost every state once you have employees — plus General Liability for third-party bodily-injury and property-damage claims, and, where vehicles or tools are involved, Commercial Auto and Tools & Equipment coverage. Workers' Comp is usually the largest single line for hands-on trades, because the class code reflects the injury risk of the actual work performed rather than the size of the business.
How the rate is set: your filed loss cost is only the regulator-approved baseline. Your actual premium is that loss cost multiplied by your carrier's loss-cost multiplier (LCM), your experience modifier (which rewards a clean claims history), and your payroll divided by $100. Two carpenter businesses in the same state can pay very different rates once their experience modifier and carrier are applied to the same filed loss cost.
Beyond the filed loss costs above, the national economics of the commercial lines a carpenter operation buys shape what carriers ultimately charge. Across the U.S. in 2023, those lines posted (per the NAIC Report on Profitability by Line by State): Workers' Compensation at a 45.1% loss ratio; General Liability at a 60.2% loss ratio; Commercial Auto at a 74.4% loss ratio. Line-level profitability drives the loss-cost multipliers and rates a carpenter business sees — the market context behind the per-state filings summarized here.
Methodology
Filed loss costs summarized here are drawn from public state-DOI rate filings (via each state's SERFF portal), or public NCCI State Advisory Forum summaries, for the NCCI class code mapped to NAICS 238350. Loss costs are per $100 of payroll before the carrier's loss-cost multiplier; your actual rate depends on your carrier's LCM, experience modifier, and state. No proprietary NCCI manual content is reproduced. See our full sourcing policy for how filings are retrieved and verified.
Business activities classified under NAICS 238350 — Finish Carpentry Contractors
- Aluminum door and window, residential-type, installation
- Built-in wood cabinets constructed on site
- Cabinetry work performed at the construction site
- Cabinets, wood built-in, constructed on site
- Cabinet work performed at the construction site
- Carpenters (except framing)
- Carpentry work (except framing)
- Countertop (except ceramic tile or stone), residential-type, installation
- Deck construction, residential-type
- Door and window frame construction
- Door and window, prefabricated, installation
- Door, folding, installation
- Finish carpentry
- Garage door, residential-type, installation
- Hermetically sealed window unit, residential-type, installation
- Kitchen cabinets and counters, constructed on site
- Millwork installation
- Molding or trim, wood or plastic, installation
- Overhead door, residential-type, installation
- Paneling installation
- Prefabricated kitchen and bath cabinet, residential-type, installation
- Prefabricated sash and door installation
- Shelving, wood, constructed on site
- Ship joinery contractors
Related
- NCCI class-code lookup — search every code we track
- Workers' Comp insurance cost — median rates + a calculator
- Rate-change tracker — recent filed changes by state
See your real Carpenter rate — free, 5 minutes
Compare Quotes →