Question 1

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

Accepted Answer

The current rate for Carpentry - Detached One/Two Family (Class Code 5432) in New York is $13.41 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $6705 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in New York?

Accepted Answer

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

Question 3

How does New York's rate compare to other states?

Accepted Answer

New York's rate for Carpentry - Detached One/Two Family is $13.41, which is $3.53 above the national average of $9.88 (+36%).

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
New York (current)	$13.41	—
Indiana	$7.22	-6.19
Texas	$7.59	-5.82
Virginia	$7.68	-5.73
Utah	$7.86	-5.55
Arkansas	$8.14	-5.27

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

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