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Workers’ comp insurance cost for carpenters in Missouri
Published 2026-06-11 · by Brokly
- 71% of MO carpentry contractors have <5 employees — the chart below prices every size band from its own observed payroll.
- Missouri sits 19th of 51: CT pays more ($6.32), MS less ($4.84).
- Workers’ comp is one of several coverages — see everything your carpentry shop needs in Missouri →
What do Missouri carpentry contractors pay for workers’ comp?
Modeled annual premium across the real size distribution of MO carpentry contractors
bar height = how many carpentry contractors are that size · figures = modeled annual cost
Cohort: size distribution of 539 MO carpentry contractors (Census CBP 2023); premiums modeled from one filed rate ($5.37/$100 payroll, 2024). Bands shown cover 527 of 539 establishments (97.8%) — 12 establishments in larger, very small-count, or data-suppressed size bands are not shown. 2023 payroll dollars, not inflation-adjusted. Illustrative benchmark — not a quote or coverage recommendation.
Sources: Oregon DCBS workers' compensation premium rate ranking study, June 2025 (calendar-year 2024 rates) (as of calendar year 2024, retrieved 2026-06-04) · US Census County Business Patterns 2023, state file (Finish carpentry contractors (NAICS 238350)) (as of 2023, retrieved 2026-06-05)
How does Missouri compare to nearby ranks?
Calculated manual rates, $ per $100 payroll, NCCI class 5437 (Carpentry — Cabinet and Trim Work), 2024. See all 51 jurisdictions →
| Rank | State | Rate / $100 payroll |
|---|---|---|
| 15 | Maine | $6.11 |
| 16 | Vermont | $6.00 |
| 17 | Oklahoma | $5.57 |
| 18 | California | $5.42 |
| 19 | Missouri | $5.37 |
| 20 | Alaska | $5.21 |
| 21 | Michigan | $5.13 |
| 22 | South Dakota | $5.01 |
| 23 | Colorado | $4.94 |
Sources: Oregon DCBS workers' compensation premium rate ranking study, June 2025 (calendar-year 2024 rates) (as of calendar year 2024, retrieved 2026-06-04)
Frequently asked questions
What does workers' comp cost carpentry contractors in Missouri?
Modeled from the 2024 filed manual rate of $5.37 per $100 of payroll: a <5-employee carpentry shop lands around $2.4k–$9.6k per year before experience mods and schedule credits.
What drives the rate up or down?
Three levers: payroll (the exposure base), claims history (the experience modifier), and schedule credits/debits the insurer applies. Finish carpentry work is NCCI class 5437 (Carpentry — Cabinet and Trim Work) — jobsite installation of cabinetry, interior trim, stairs, and millwork; framing and general carpentry (class 5403) and new-dwelling construction are rated separately.
Carpenters in nearby-ranked states: California ($5.42) · Michigan ($5.13) · Oklahoma ($5.57) · Colorado ($4.94)
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Illustrative benchmark — not a quote or coverage recommendation. Figures are modeled from public filings and Census data for 539 Missouri carpentry contractors; your premium depends on your payroll, claims history, and carrier.