Question 1

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

Accepted Answer

The current rate for Carpentry - Residential (Class Code 5403) in Colorado is $10.01 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $5005 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 - Residential is $10.01, which is $2.00 below the national average of $12.01 (-17%).

Question 4

What does class code 5403 cover?

Accepted Answer

Covers carpenters performing construction, repair, or remodeling work on residential structures.

State	Rate per $100	Difference
Colorado (current)	$10.01	—
Indiana	$8.78	-1.23
Texas	$9.23	-0.78
Virginia	$9.34	-0.67
Utah	$9.56	-0.45
Arkansas	$9.90	-0.11

Workers' Comp Rate for Carpentry - Residential in Colorado (Class Code 5403)

Get a Custom Quote for Carpentry - Residential in Colorado

Compare: Carpentry - Residential Rates in Other States

Get an Exact Quote for Your Business in Colorado

Related Class Codes in Colorado

Frequently Asked Questions

Ready to Get Covered?