Understanding insurance costs is critical for carpentry businesses to budget effectively and secure competitive rates. Our comprehensive analysis of over 800 carpenter insurance quotes from top providers reveals significant variations in premiums across states and business sizes. This guide provides detailed benchmarking data to help carpenters understand fair pricing expectations and identify opportunities for savings.
The data in this guide reflects quotes for carpentry businesses with these specific characteristics:
- $150K Revenue: Single owner with approximately 10% subcontracting costs and 5+ years of claims-free operation
- $500K Revenue: Owner plus 3 employees with approximately 10% subcontracting costs and 5+ years of claims-free operation
- $1M Revenue: Owner plus 5 employees with approximately 10% subcontracting costs and 5+ years of claims-free operation
For a complete overview of coverage options beyond just costs, see our comprehensive guide to carpenter insurance.
Jump to State
State-by-State Insurance Costs
The following sections provide detailed cost breakdowns for each state, including general liability premiums at three revenue levels and workers’ compensation rates. All general liability quotes assume standard $1M per occurrence / $2M aggregate coverage limits.
Alabama
Alabama carpenters face general liability premiums ranging from 1.2% to 4.1% of revenue, with significant variations based on risk factors and carrier selection.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,500 | $1,800 | $6,200 | 49% |
| $500,000 | $9,300 | $6,300 | $13,100 | 32% |
| $1,000,000 | $20,000 | $11,800 | $29,700 | 41% |
Workers’ compensation insurance for carpenters in Alabama costs $6.14 per $100 of payroll for class code 5437 and $14.07 per $100 of payroll for class code 5645.
Alaska
In Alaska, carpenter insurance costs vary from 0.8% to 2.3% of revenue, offering some of the most stable pricing in the nation.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,400 | $1,200 | $3,500 | 50% |
| $500,000 | $5,300 | $4,100 | $6,400 | 23% |
| $1,000,000 | $10,600 | $8,200 | $12,900 | 23% |
Workers’ compensation insurance for carpenters in Alaska costs $6.16 per $100 of payroll for class code 5437 and $9.78 per $100 of payroll for class code 5645.
Arizona
Arizona’s carpenter insurance market shows rates between 0.9% and 3.8% of revenue, with exceptional savings opportunities for well-qualified businesses.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,100 | $1,400 | $5,700 | 55% |
| $500,000 | $8,900 | $4,400 | $12,300 | 51% |
| $1,000,000 | $19,400 | $9,400 | $27,800 | 52% |
Workers’ compensation insurance for carpenters in Arizona costs $4.05 per $100 of payroll for class code 5437 and $10.17 per $100 of payroll for class code 5645.
Arkansas
Arkansas presents unique pricing dynamics, with premiums spanning 1.3% to 6.9% of revenue – the widest range among neighboring states.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,000 | $2,000 | $10,400 | 50% |
| $500,000 | $8,900 | $6,800 | $11,400 | 24% |
| $1,000,000 | $18,800 | $12,600 | $25,600 | 33% |
Workers’ compensation insurance for carpenters in Arkansas costs $3.26 per $100 of payroll for class code 5437 and $6.33 per $100 of payroll for class code 5645.
California
California carpenters encounter premiums from 1.5% to 4.5% of revenue, reflecting the state’s complex regulatory environment and competitive market.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,500 | $2,400 | $6,700 | 47% |
| $500,000 | $12,000 | $8,200 | $19,900 | 32% |
| $1,000,000 | $19,100 | $15,200 | $22,000 | 20% |
Workers’ compensation insurance for carpenters in California costs $5.62 per $100 of payroll for class code 5437 and $8.46 per $100 of payroll for class code 5645.
Colorado
Premium rates for Colorado carpenters range from 1.3% to 4.7% of revenue, with mid-sized operations seeing the best opportunities for savings.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,300 | $2,200 | $7,000 | 49% |
| $500,000 | $11,400 | $7,300 | $15,600 | 36% |
| $1,000,000 | $23,900 | $13,200 | $35,800 | 45% |
Workers’ compensation insurance for carpenters in Colorado costs $4.74 per $100 of payroll for class code 5437 and $7.40 per $100 of payroll for class code 5645.
Connecticut
Connecticut’s carpenter insurance landscape features rates from 1.7% to 4.7% of revenue, with established businesses enjoying more favorable pricing.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,100 | $2,600 | $7,100 | 37% |
| $500,000 | $12,100 | $9,200 | $15,600 | 24% |
| $1,000,000 | $26,000 | $17,100 | $35,700 | 34% |
Workers’ compensation insurance for carpenters in Connecticut costs $7.86 per $100 of payroll for class code 5437 and $17.17 per $100 of payroll for class code 5645.
Delaware
Delaware carpenters navigate insurance costs between 1.2% and 4.3% of revenue, with competitive markets benefiting qualified contractors.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,900 | $2,000 | $6,400 | 49% |
| $500,000 | $10,700 | $6,800 | $14,200 | 36% |
| $1,000,000 | $22,000 | $12,400 | $31,400 | 44% |
Workers’ compensation insurance for carpenters in Delaware costs $5.00 per $100 of payroll for class code 5437 and $9.06 per $100 of payroll for class code 5645.
Florida
Florida’s unique market conditions drive carpenter premiums from 1.3% to 5.2% of revenue, with larger operations facing particularly wide pricing disparities.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,900 | $4,000 | $7,800 | 18% |
| $500,000 | $14,900 | $11,600 | $17,900 | 22% |
| $1,000,000 | $28,400 | $13,400 | $40,800 | 53% |
Workers’ compensation insurance for carpenters in Florida costs $6.23 per $100 of payroll for class code 5437 and $12.61 per $100 of payroll for class code 5645.
Georgia
The table below shows general liability premiums for Georgia carpenters, with rates ranging from 1.1% to 2.1% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,500 | $1,800 | $3,100 | 28% |
| $500,000 | $7,200 | $4,900 | $10,200 | 32% |
| $1,000,000 | $14,400 | $10,800 | $19,800 | 25% |
Workers’ compensation insurance for carpenters in Georgia costs $8.98 per $100 of payroll for class code 5437 and $43.42 per $100 of payroll for class code 5645.
Hawaii
The table below shows general liability premiums for Hawaii carpenters, with rates ranging from 0.9% to 2.7% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,400 | $2,300 | $4,025 | 4% |
| $500,000 | $6,700 | $4,400 | $8,900 | 34% |
| $1,000,000 | $13,500 | $9,200 | $17,800 | 32% |
Workers’ compensation insurance for carpenters in Hawaii costs $6.03 per $100 of payroll for class code 5437 and $10.60 per $100 of payroll for class code 5645.
Idaho
The table below shows general liability premiums for Idaho carpenters, with rates ranging from 1.0% to 3.7% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,900 | $1,600 | $5,500 | 45% |
| $500,000 | $8,000 | $5,200 | $11,300 | 35% |
| $1,000,000 | $16,800 | $9,600 | $24,100 | 43% |
Workers’ compensation insurance for carpenters in Idaho costs $6.58 per $100 of payroll for class code 5437 and $12.93 per $100 of payroll for class code 5645.
Illinois
The table below shows general liability premiums for Illinois carpenters, with rates ranging from 1.5% to 4.9% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,600 | $2,200 | $7,400 | 52% |
| $500,000 | $13,100 | $7,100 | $17,600 | 46% |
| $1,000,000 | $27,300 | $15,000 | $41,500 | 45% |
Workers’ compensation insurance for carpenters in Illinois costs $9.75 per $100 of payroll for class code 5437 and $19.23 per $100 of payroll for class code 5645.
Indiana
The table below shows general liability premiums for Indiana carpenters, with rates ranging from 1.4% to 4.3% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,000 | $2,200 | $6,500 | 45% |
| $500,000 | $11,100 | $7,400 | $13,800 | 33% |
| $1,000,000 | $23,500 | $13,500 | $30,700 | 43% |
Workers’ compensation insurance for carpenters in Indiana costs $2.83 per $100 of payroll for class code 5437 and $5.56 per $100 of payroll for class code 5645.
Iowa
The table below shows general liability premiums for Iowa carpenters, with rates ranging from 0.6% to 2.1% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,400 | $1,500 | $3,100 | 38% |
| $500,000 | $6,400 | $3,800 | $9,100 | 41% |
| $1,000,000 | $13,300 | $5,500 | $18,400 | 59% |
Workers’ compensation insurance for carpenters in Iowa costs $5.71 per $100 of payroll for class code 5437 and $9.65 per $100 of payroll for class code 5645.
Kansas
The table below shows general liability premiums for Kansas carpenters, with rates ranging from 1.1% to 3.1% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,700 | $1,600 | $4,700 | 41% |
| $500,000 | $7,900 | $5,700 | $10,100 | 28% |
| $1,000,000 | $16,700 | $10,700 | $22,600 | 36% |
Workers’ compensation insurance for carpenters in Kansas costs $4.55 per $100 of payroll for class code 5437 and $10.53 per $100 of payroll for class code 5645.
Kentucky
The table below shows general liability premiums for Kentucky carpenters, with rates ranging from 0.7% to 3.9% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,200 | $1,300 | $5,900 | 59% |
| $500,000 | $8,700 | $3,600 | $13,100 | 59% |
| $1,000,000 | $19,000 | $6,800 | $29,700 | 64% |
Workers’ compensation insurance for carpenters in Kentucky costs $3.87 per $100 of payroll for class code 5437 and $9.81 per $100 of payroll for class code 5645.
Louisiana
The table below shows general liability premiums for Louisiana carpenters, with rates ranging from 3.1% to 8.9% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $9,800 | $5,000 | $13,300 | 49% |
| $500,000 | $27,100 | $15,400 | $35,200 | 43% |
| $1,000,000 | $58,900 | $34,100 | $72,000 | 42% |
Workers’ compensation insurance for carpenters in Louisiana costs $9.60 per $100 of payroll for class code 5437 and $17.76 per $100 of payroll for class code 5645.
Maine
The table below shows general liability premiums for Maine carpenters, with rates ranging from 0.9% to 3.1% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,500 | $1,300 | $4,700 | 48% |
| $500,000 | $7,100 | $4,100 | $10,200 | 42% |
| $1,000,000 | $15,500 | $8,800 | $22,700 | 43% |
Workers’ compensation insurance for carpenters in Maine costs $6.61 per $100 of payroll for class code 5437 and $10.58 per $100 of payroll for class code 5645.
Maryland
The table below shows general liability premiums for Maryland carpenters, with rates ranging from 0.8% to 3.3% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,400 | $1,300 | $5,000 | 46% |
| $500,000 | $6,600 | $3,600 | $11,000 | 45% |
| $1,000,000 | $13,800 | $7,900 | $24,700 | 43% |
Workers’ compensation insurance for carpenters in Maryland costs $5.50 per $100 of payroll for class code 5437 and $7.23 per $100 of payroll for class code 5645.
Massachusetts
The table below shows general liability premiums for Massachusetts carpenters, with rates ranging from 1.0% to 3.5% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,200 | $1,700 | $5,300 | 47% |
| $500,000 | $9,500 | $5,500 | $12,100 | 42% |
| $1,000,000 | $18,900 | $10,100 | $25,900 | 47% |
Workers’ compensation insurance for carpenters in Massachusetts costs $4.19 per $100 of payroll for class code 5437 and $6.93 per $100 of payroll for class code 5645.
Michigan
The table below shows general liability premiums for Michigan carpenters, with rates ranging from 0.9% to 2.7% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,900 | $1,600 | $4,100 | 45% |
| $500,000 | $8,700 | $5,100 | $12,700 | 41% |
| $1,000,000 | $16,600 | $9,300 | $23,200 | 44% |
Workers’ compensation insurance for carpenters in Michigan costs $5.66 per $100 of payroll for class code 5437 and $10.27 per $100 of payroll for class code 5645.
Minnesota
The table below shows general liability premiums for Minnesota carpenters, with rates ranging from 1.3% to 3.8% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,400 | $2,100 | $5,700 | 38% |
| $500,000 | $8,700 | $7,000 | $10,500 | 20% |
| $1,000,000 | $17,800 | $12,700 | $21,000 | 29% |
Workers’ compensation insurance for carpenters in Minnesota costs $11.75 per $100 of payroll for class code 5437 and $11.44 per $100 of payroll for class code 5645.
Mississippi
The table below shows general liability premiums for Mississippi carpenters, with rates ranging from 1.6% to 4.5% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,900 | $2,500 | $6,700 | 36% |
| $500,000 | $11,500 | $8,700 | $15,000 | 24% |
| $1,000,000 | $24,400 | $16,100 | $33,200 | 34% |
Workers’ compensation insurance for carpenters in Mississippi costs $6.14 per $100 of payroll for class code 5437 and $9.19 per $100 of payroll for class code 5645.
Missouri
The table below shows general liability premiums for Missouri carpenters, with rates ranging from 0.7% to 2.3% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,700 | $2,000 | $3,500 | 26% |
| $500,000 | $7,500 | $3,500 | $9,200 | 53% |
| $1,000,000 | $15,300 | $7,000 | $20,300 | 54% |
Workers’ compensation insurance for carpenters in Missouri costs $5.96 per $100 of payroll for class code 5437 and $12.48 per $100 of payroll for class code 5645.
Montana
The table below shows general liability premiums for Montana carpenters, with rates ranging from 1.3% to 3.3% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,600 | $1,900 | $4,900 | 47% |
| $500,000 | $10,300 | $6,500 | $13,600 | 37% |
| $1,000,000 | $22,000 | $14,500 | $31,100 | 34% |
Workers’ compensation insurance for carpenters in Montana costs $6.91 per $100 of payroll for class code 5437 and $9.85 per $100 of payroll for class code 5645.
Nebraska
The table below shows general liability premiums for Nebraska carpenters, with rates ranging from 1.2% to 2.5% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,600 | $2,100 | $3,675 | 19% |
| $500,000 | $7,700 | $6,700 | $10,050 | 13% |
| $1,000,000 | $16,200 | $12,300 | $20,500 | 24% |
Workers’ compensation insurance for carpenters in Nebraska costs $4.91 per $100 of payroll for class code 5437 and $9.15 per $100 of payroll for class code 5645.
Nevada
The table below shows general liability premiums for Nevada carpenters, with rates ranging from 1.7% to 5.1% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,500 | $2,900 | $7,700 | 36% |
| $500,000 | $12,800 | $9,500 | $17,300 | 26% |
| $1,000,000 | $27,300 | $17,300 | $39,700 | 37% |
Workers’ compensation insurance for carpenters in Nevada costs $4.80 per $100 of payroll for class code 5437 and $7.89 per $100 of payroll for class code 5645.
New Hampshire
The table below shows general liability premiums for New Hampshire carpenters, with rates ranging from 1.1% to 3.9% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,300 | $1,800 | $5,900 | 45% |
| $500,000 | $9,300 | $5,800 | $12,300 | 38% |
| $1,000,000 | $19,800 | $10,600 | $27,900 | 46% |
Workers’ compensation insurance for carpenters in New Hampshire costs $6.79 per $100 of payroll for class code 5437 and $9.54 per $100 of payroll for class code 5645.
New Jersey
The table below shows general liability premiums for New Jersey carpenters, with rates ranging from 2.8% to 4.9% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $5,000 | $4,200 | $7,350 | 16% |
| $500,000 | $14,800 | $12,700 | $19,050 | 14% |
| $1,000,000 | $32,300 | $29,100 | $37,830 | 10% |
Workers’ compensation insurance for carpenters in New Jersey costs $11.44 per $100 of payroll for class code 5437 and $17.09 per $100 of payroll for class code 5645.
New Mexico
The table below shows general liability premiums for New Mexico carpenters, with rates ranging from 1.5% to 4.6% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,200 | $2,500 | $6,900 | 40% |
| $500,000 | $11,800 | $8,200 | $15,000 | 31% |
| $1,000,000 | $25,200 | $15,000 | $34,400 | 40% |
Workers’ compensation insurance for carpenters in New Mexico costs $5.93 per $100 of payroll for class code 5437 and $12.78 per $100 of payroll for class code 5645.
New York
The table below shows general liability premiums for New York carpenters, with rates ranging from 3.2% to 5.6% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $5,600 | $4,800 | $8,400 | 14% |
| $500,000 | $16,700 | $14,300 | $21,450 | 14% |
| $1,000,000 | $36,400 | $32,800 | $42,640 | 10% |
Workers’ compensation insurance for carpenters in New York costs $9.50 per $100 of payroll for class code 5437 and $11.47 per $100 of payroll for class code 5645.
North Carolina
The table below shows general liability premiums for North Carolina carpenters, with rates ranging from 0.6% to 3.0% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,100 | $1,100 | $4,500 | 48% |
| $500,000 | $6,300 | $2,700 | $10,700 | 57% |
| $1,000,000 | $13,600 | $5,900 | $25,200 | 57% |
Workers’ compensation insurance for carpenters in North Carolina costs $5.48 per $100 of payroll for class code 5437 and $16.73 per $100 of payroll for class code 5645.
North Dakota
The table below shows general liability premiums for North Dakota carpenters, with rates ranging from 1.2% to 3.1% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,900 | $2,000 | $4,700 | 31% |
| $500,000 | $8,600 | $6,700 | $11,400 | 22% |
| $1,000,000 | $18,600 | $12,200 | $26,900 | 34% |
Workers’ compensation insurance for carpenters in North Dakota costs $3.73 per $100 of payroll for class code 5437 and $3.51 per $100 of payroll for class code 5645.
Ohio
The table below shows general liability premiums for Ohio carpenters, with rates ranging from 0.8% to 2.5% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,400 | $1,300 | $3,700 | 46% |
| $500,000 | $7,300 | $4,000 | $10,100 | 45% |
| $1,000,000 | $14,300 | $8,400 | $20,400 | 41% |
Workers’ compensation insurance for carpenters in Ohio costs $3.32 per $100 of payroll for class code 5437 and $4.59 per $100 of payroll for class code 5645.
Oklahoma
The table below shows general liability premiums for Oklahoma carpenters, with rates ranging from 1.3% to 5.0% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,200 | $1,900 | $7,500 | 41% |
| $500,000 | $7,500 | $6,500 | $9,750 | 13% |
| $1,000,000 | $15,800 | $12,600 | $19,400 | 20% |
Workers’ compensation insurance for carpenters in Oklahoma costs $6.37 per $100 of payroll for class code 5437 and $13.80 per $100 of payroll for class code 5645.
Oregon
The table below shows general liability premiums for Oregon carpenters, with rates ranging from 1.1% to 5.1% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,400 | $1,600 | $7,600 | 64% |
| $500,000 | $10,600 | $5,200 | $13,600 | 51% |
| $1,000,000 | $27,200 | $11,000 | $43,500 | 60% |
Workers’ compensation insurance for carpenters in Oregon costs $2.50 per $100 of payroll for class code 5437 and $6.70 per $100 of payroll for class code 5645.
Pennsylvania
The table below shows general liability premiums for Pennsylvania carpenters, with rates ranging from 2.3% to 5.9% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,600 | $3,400 | $8,800 | 26% |
| $500,000 | $14,800 | $10,600 | $19,700 | 28% |
| $1,000,000 | $32,200 | $23,400 | $45,400 | 27% |
Workers’ compensation insurance for carpenters in Pennsylvania costs $7.06 per $100 of payroll for class code 5437 and $9.50 per $100 of payroll for class code 5645.
Rhode Island
The table below shows general liability premiums for Rhode Island carpenters, with rates ranging from 2.1% to 4.0% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,200 | $3,300 | $6,000 | 21% |
| $500,000 | $12,600 | $11,200 | $16,800 | 11% |
| $1,000,000 | $26,800 | $20,600 | $32,500 | 23% |
Workers’ compensation insurance for carpenters in Rhode Island costs $8.14 per $100 of payroll for class code 5437 and $9.03 per $100 of payroll for class code 5645.
South Carolina
The table below shows general liability premiums for South Carolina carpenters, with rates ranging from 1.3% to 8.2% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $5,600 | $2,200 | $12,300 | 61% |
| $500,000 | $15,100 | $6,100 | $28,800 | 60% |
| $1,000,000 | $33,100 | $13,300 | $68,600 | 60% |
Workers’ compensation insurance for carpenters in South Carolina costs $8.26 per $100 of payroll for class code 5437 and $21.48 per $100 of payroll for class code 5645.
South Dakota
The table below shows general liability premiums for South Dakota carpenters, with rates ranging from 1.8% to 4.3% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,200 | $2,900 | $6,500 | 31% |
| $500,000 | $10,900 | $9,700 | $14,550 | 11% |
| $1,000,000 | $26,600 | $17,800 | $37,300 | 33% |
Workers’ compensation insurance for carpenters in South Dakota costs $5.71 per $100 of payroll for class code 5437 and $10.29 per $100 of payroll for class code 5645.
Tennessee
The table below shows general liability premiums for Tennessee carpenters, with rates ranging from 0.5% to 2.3% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,300 | $800 | $3,400 | 65% |
| $500,000 | $6,200 | $2,600 | $11,400 | 58% |
| $1,000,000 | $12,700 | $6,100 | $22,800 | 52% |
Workers’ compensation insurance for carpenters in Tennessee costs $3.93 per $100 of payroll for class code 5437 and $12.84 per $100 of payroll for class code 5645.
Texas
The table below shows general liability premiums for Texas carpenters, with rates ranging from 1.3% to 4.4% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,100 | $2,100 | $6,600 | 49% |
| $500,000 | $11,600 | $6,600 | $17,300 | 43% |
| $1,000,000 | $20,800 | $12,600 | $33,100 | 39% |
Workers’ compensation insurance for carpenters in Texas costs $3.55 per $100 of payroll for class code 5437 and $4.39 per $100 of payroll for class code 5645.
Utah
The table below shows general liability premiums for Utah carpenters, with rates ranging from 1.3% to 3.0% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,100 | $2,100 | $4,500 | 32% |
| $500,000 | $9,000 | $7,000 | $10,600 | 22% |
| $1,000,000 | $19,300 | $12,600 | $24,900 | 35% |
Workers’ compensation insurance for carpenters in Utah costs $4.39 per $100 of payroll for class code 5437 and $9.90 per $100 of payroll for class code 5645.
Vermont
The table below shows general liability premiums for Vermont carpenters, with rates ranging from 0.8% to 2.4% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,500 | $1,500 | $3,600 | 40% |
| $500,000 | $7,400 | $4,300 | $8,900 | 42% |
| $1,000,000 | $16,300 | $8,400 | $21,000 | 48% |
Workers’ compensation insurance for carpenters in Vermont costs $7.55 per $100 of payroll for class code 5437 and $11.50 per $100 of payroll for class code 5645.
Virginia
The table below shows general liability premiums for Virginia carpenters, with rates ranging from 0.6% to 1.4% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $1,500 | $1,200 | $2,100 | 20% |
| $500,000 | $4,000 | $2,800 | $6,300 | 30% |
| $1,000,000 | $8,200 | $6,000 | $12,400 | 27% |
Workers’ compensation insurance for carpenters in Virginia costs $5.46 per $100 of payroll for class code 5437 and $9.73 per $100 of payroll for class code 5645.
Washington
The table below shows general liability premiums for Washington carpenters, with rates ranging from 1.9% to 3.3% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,900 | $2,800 | $4,900 | 28% |
| $500,000 | $10,000 | $6,900 | $15,000 | 31% |
| $1,000,000 | $22,400 | $18,500 | $30,000 | 17% |
Workers’ compensation insurance for carpenters in Washington costs $4.67 per $100 of payroll for class code 5437 and $8.20 per $100 of payroll for class code 5645.
West Virginia
The table below shows general liability premiums for West Virginia carpenters, with rates ranging from 1.4% to 4.1% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $4,600 | $3,200 | $6,100 | 30% |
| $500,000 | $7,700 | $6,500 | $9,750 | 16% |
| $1,000,000 | $21,600 | $13,700 | $34,800 | 37% |
Workers’ compensation insurance for carpenters in West Virginia costs $2.74 per $100 of payroll for class code 5437 and $5.72 per $100 of payroll for class code 5645.
Wisconsin
The table below shows general liability premiums for Wisconsin carpenters, with rates ranging from 1.6% to 2.9% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $3,200 | $2,500 | $4,400 | 22% |
| $500,000 | $10,000 | $8,600 | $12,900 | 14% |
| $1,000,000 | $20,700 | $15,500 | $25,300 | 25% |
Workers’ compensation insurance for carpenters in Wisconsin costs $10.03 per $100 of payroll for class code 5437 and $13.07 per $100 of payroll for class code 5645.
Wyoming
The table below shows general liability premiums for Wyoming carpenters, with rates ranging from 1.0% to 2.6% of revenue depending on various risk factors and carrier competitiveness.
| Revenue Level | Average Premium | Favorable Premium | Higher-End Premium | Potential Savings |
| $150,000 | $2,500 | $1,500 | $3,900 | 40% |
| $500,000 | $7,400 | $5,100 | $9,200 | 31% |
| $1,000,000 | $16,400 | $11,100 | $21,600 | 32% |
Workers’ compensation insurance for carpenters in Wyoming costs $3.48 per $100 of payroll for class code 5437 and $4.31 per $100 of payroll for class code 5645.
Unlock Your Carpenter Insurance Savings Potential Now
Our comprehensive analysis of carpenter insurance premiums nationwide reveals an undeniable truth: carpenters who settle for average rates are sacrificing profit margins unnecessarily. The data speaks volumes – potential savings between higher-end and favorable rates reach up to 65% in some states, representing thousands in annual overpayments that could strengthen your business instead.
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The insurance industry’s complexity works against carpenters seeking fair rates. Traditional agents typically access limited markets, carriers rarely compete transparently on price, and the nuances of carpentry classifications often lead to improper rating. Most carpenters simply renew with their current carrier, unaware they’re paying premium prices for standard coverage.
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