Question 1

How much does workers' comp cost for Carpentry - Detached One/Two Family in Colorado?

Accepted Answer

The current rate for Carpentry - Detached One/Two Family (Class Code 5432) in Colorado is $8.23 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4115 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Colorado?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Colorado for all employers with at least one employee.

Question 3

How does Colorado's rate compare to other states?

Accepted Answer

Colorado's rate for Carpentry - Detached One/Two Family is $8.23, which is $1.65 below the national average of $9.88 (-17%).

Question 4

What does class code 5432 cover?

Accepted Answer

Covers carpenters working on detached one and two family dwellings including framing, trim, and general carpentry.

State	Rate per $100	Difference
Colorado (current)	$8.23	—
Indiana	$7.22	-1.01
Texas	$7.59	-0.64
Virginia	$7.68	-0.55
Utah	$7.86	-0.37
Arkansas	$8.14	-0.09

Workers' Comp Rate for Carpentry - Detached One/Two Family in Colorado (Class Code 5432)

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