South Carolina Workers Comp Insurance
With limited exceptions, every employer in South Carolina with one or more employee(s) is required by law to have a valid workers' compensation policy at all times. This "no fault" insurance not only provides injured workers with medical care and partial wage replacement, but also protects the policyholders from potentially damaging lawsuits. Although most companies in SC purchase a traditional commercial insurance policy, there are alternative methods of coverage which include licensing as a self insurer, gaining membership in a self insurance group, or obtaining coverage in the Assigned Risk Pool.
SC Workers Comp Insurance Specific Regulations
- You are required to have workers’ compensation in South Carolina, where full or part time.
- If you work for someone else you will not be covered by their insurance policy unless you are an employee. This requires independent contractors to have their own workman’s compensation insurance
- South Carolina offers a offers a private insurance market and also an assigned risk pool for businesses struggling to secure coverage
- In South Carolina a sole proprietor, partner, or a member of an LLC are excluded from coverage, but have the option to opt in.
- Corporate officers in South Carolina are included in coverage, but you have the option to opt out
SC Workmans Comp Quote Checklist
You'll Need This Information On Hand to Get a Workmans Comp Quote
Your Name and Contact Information
Number of Locations
Number of Employees by Location
Annual Payroll by Location
Type of Business Entity
(partnership, LLC, corporation, etc.)