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.
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.
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.
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.
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Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business:
The content provided on this page is intended for general information purposes only and is not represented to be error free nor is it intended to constitute an offer, inducement, promise or contract of any kind for you to rely upon. The information and data linked to by CoverWallet are provided as a courtesy and are not intended to nor do they constitute an endorsement by CoverWallet of the linked materials. To get accurate information for your business and industry we recommend you to contact a licensed insurance agent or attorney.
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