Question 1

How much does workers' comp cost for Carpentry - Install Cabinets in Colorado?

Accepted Answer

The current rate for Carpentry - Install Cabinets (Class Code 5404) in Colorado is $6.23 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $3115 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 - Install Cabinets is $6.23, which is $1.24 below the national average of $7.47 (-17%).

Question 4

What does class code 5404 cover?

Accepted Answer

Covers carpenters specializing in the installation of prefabricated cabinets, countertops, and built-in storage.

State	Rate per $100	Difference
Colorado (current)	$6.23	—
Indiana	$5.46	-0.77
Texas	$5.74	-0.49
Virginia	$5.81	-0.42
Utah	$5.95	-0.28
Arkansas	$6.16	-0.07

Workers' Comp Rate for Carpentry - Install Cabinets in Colorado (Class Code 5404)

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