NCCI Code 5403 — Carpentry
5403
NCCI Code
$9.42
Per $100 Payroll
What Code 5403 Covers
Code 5403 covers carpentry work including framing, trim, and finish carpentry. At $9.42 per $100 of payroll, it's one of the more expensive construction classifications. Businesses with employees who do both carpentry and other construction work need to ensure proper split classification.
Common Misclassification Issues
Office staff, estimators, and project managers coded under 5403 instead of 8810. Also, finish carpentry vs. structural framing may qualify for different rates in some states.
How This Affects Your Premium
At $9.42 per $100 of payroll, an employee earning $50,000/year classified under code 5403 adds approximately $4,710 to your annual premium. If that employee should actually be in a lower-rate code like 8810 (clerical at $0.16/$100), you'd save approximately $4,630 per employee per year.
Multiply that by every misclassified employee, and the overpayment adds up fast.
Are your employees correctly classified?
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Check My Premium \u2192Rates shown are approximate national averages. Actual rates vary by state, insurer, and experience modifier.