Carpentry Workers Compensation Insurance Program

Carpenters face daily, specialized jobsite risks — from falls and equipment accidents to repetitive-motion injuries. A single claim can create significant financial exposure for contractors and for the agents who place them. Novatae Risk Group’s Carpentry Workers Compensation Insurance Program is tailored to help brokers place high-hazard, hard-to-place carpentry and construction risks with speed and precision.

Using Empire’s underwriting platform, Novatae gives brokers access to a broad panel of markets and flexible solutions built for carpentry operations. Whether the account is a newly formed business, has prior large losses, or is otherwise difficult to place, this program focuses on fast quotes, responsive underwriting, and placement options across admitted and non-admitted markets.

Ideal Accounts and Appetite

• Experience MOD of 1.30 or higher
• High-hazard or tough classification codes
• Residential framers, commercial carpenters, specialty carpentry contractors
• Accounts in state assigned risk pools
• New ventures, accounts with lapses, cancellations, or non-renewals
• Multi-state exposures and complex payrolls
• Hard-to-place workers compensation risks that need specialty underwriting

Example scenarios: you might have a contractor with a history of large losses seeking placement, or a newly formed carpentry firm that can’t secure coverage in standard markets. This program is designed to give brokers practical options for those accounts.

Coverage Highlights and Advantages

• Standalone Workers Compensation policies
• Access to multiple “A”-rated carriers (varies by state)
• Quick turnaround and hands-on underwriting
• Guaranteed cost, dividend, retrospective, and high-deductible plan options
• Integrated solutions for large or complex accounts
• Custom handling based on account size, loss history, and complexity

The program offers flexibility to help brokers remain competitive in the high-risk workers compensation marketplace, from single-state carpentry risks to multi-state contractor operations.

Underwriting Requirements and Minimum Premium

• Completed ACORD 130 application
• 3–4 years of currently valued loss runs
• Details on any large losses or open claims
• Supplemental questionnaire when applicable

The program’s minimum premium is $10,000. Underwriting flexibility may be available for qualified accounts; submit complete documentation to accelerate review.

Territories and Market Access

This program is available in most states, including: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, DC, WV, WI.

Admitted and non-admitted markets are available depending on the state and the account profile; carrier access varies by state.

Why Partner with Novatae Risk Group?

Novatae Risk Group is a Managing General Underwriter and Excess & Surplus Lines Broker with deep experience placing high-hazard workers compensation accounts. Our underwriters know the carpentry sector and work with a broad market panel to find placement solutions for challenging submissions.

We welcome the chance to review your carpentry accounts and help you find the right market and structure. Call our team at 800-758-8113, or email submissions to [email protected].