When it comes to workers’ compensation, employers in South Carolina will find that the state has some of the highest national rates (ranking 14th overall in the country).
Finding and providing work comp is an integral piece of the puzzle for any small business employer — and an essential one for South Carolina companies with four or more employees.
Here are some simple guidelines for things you should look out for as an employer. These tips will make the process as hassle-free as possible and help save you money.
A workers’ comp insurance quote will be based on four key factors: classification code (industry), location, payroll and claims history.
>> To determine how much your policy will cost, follow the steps outlined in our Insurance Cost Calculator. <<
The National Council on Compensation Insurance (NCCI) sets work comp rates in South Carolina. In 2018, SC employers paid $1.50 - $1.99 per $100 in payroll for workers’ compensation coverage. Workers’ compensation rates are always represented per $100 in payroll.
To purchase the most affordable work comp insurance available to you while maintaining compliance, follow these tips:
Need work comp coverage in South Carolina? WorkCompOne collects information digitally and can wade through the weeds of state legal regulations in order to provide your small business with coverage and convenience.
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