Question 1

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

Accepted Answer

The current rate for Carpentry - Residential (Class Code 5403) in Ohio is $11.48 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $5740 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Ohio?

Accepted Answer

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

Question 3

How does Ohio's rate compare to other states?

Accepted Answer

Ohio's rate for Carpentry - Residential is $11.48, which is $0.53 below the national average of $12.01 (-4%).

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
Ohio (current)	$11.48	—
Indiana	$8.78	-2.70
Texas	$9.23	-2.25
Virginia	$9.34	-2.14
Utah	$9.56	-1.92
Arkansas	$9.90	-1.58

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

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