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South Carolina Workers Compensation at a Glance
South Carolina requires most businesses with four or more employees to carry Workers' Compensation coverage or to provide evidence that the business has the financial means to self-insure. Sole proprietors and partners are considered to be owners, and are not automatically counted as employees but can choose to be covered.
Employers who had a total annual payroll during the previous year of less than $3,000 as well as employers of agricultural employees may be exempt from South Carolina's Workers’ Compensation coverage requirements.
Employers in South Carolina that provide Workers' Compensation coverage for employees must post a notice publicly that explains the benefits available for injured employees. If an employee is injured, the employer must report the injury to its insurer, which then notifies the state as required.
Workers compensation rates for low-risk businesses are affordable and providing coverage for workplace injuries can help you attract and retain top talent for your South Carolina business.
Frequently Asked Questions
Where Can I Buy South Carolina Workers’ Compensation Insurance?
Employers in South Carolina can purchase Workers' Compensation coverage through traditional agents or brokers or through online providers such as CoverWallet, which can customize a package of essential coverages for your business. South Carolina also provides a state fund, the South Carolina State Accident Fund, which provides Workers' Compensation coverage as an alternative to open market providers.
South Carolina is a "no-fault" system. What does that mean?
In a no-fault Workers' Compensation system, as is the case in most states, Workers' Compensation benefits are available for qualified workplace injuries or occupational illnesses regardless of who was at fault. This means that an employee who was injured who did not follow safety guidelines won't be denied coverage benefits.
Who is covered under South Carolina Workers' Compensation Insurance?
With very few exceptions, all employees in South Carolina are covered by South Carolina's Workers' Compensation Act. In most cases where there are exceptions, such as with railroad workers, these workers are covered for workplace injuries and illnesses under a separate type of policy.
How is Workers' Compensation calculated in South Carolina?
Workers' Compensation in South Carolina offers a provision for temporary income for injured workers who are unable to work. The compensation rate is 66% based on the employee's average weekly wages and is subject to minimum and maximum compensation rates as determined by the state.