Do you know if your company is in compliance with the South Carolina Workers’ Compensation Act? If not, then you could be at risk of hefty fines and penalties. That’s why it is so important to educate yourself about workers’ comp in South Carolina. Learn more about the most common types of workers’ compensation claims in South Carolina and how All Insurance Services can assist you in understanding this sometimes complicated insurance.
What You Should Know About Workers’ Comp Insurance in South Carolina
In South Carolina, workers’ comp insurance covers an average of 60% of an injured workers’ weekly pay. However, benefits cannot exceed 500 weeks. Workers’ comp insurance benefits in South Carolina can include:
- Temporary total benefits
- Temporary partial benefits
- Permanent partial benefits
- Total and permanent disability
- Cost of living adjustments and travel expenses
- Lifetime coverage of travel expenses
Workers’ Comp Insurance Laws in South Carolina
In South Carolina, a business must carry workers’ comp insurance if they have more than four employees. Part-time, full-time, seasonal, and temporary workers are all considered employees under this law. South Carolina workers’ compensation laws also state:
- Out-of-state workers are covered
- Casual employees who do not work regular hours are not covered
- Employers with less than $3,000 in annual payroll in the previous year are exempt
Where Can I Purchase Workers’ Comp Insurance in South Carolina?
In South Carolina, you have four options for purchasing workers’ comp insurance. Those options include:
- Commercial carrier
- Professional employment organizations
- A self-insurance group
No matter your insurance needs, the experienced team at All Insurance Services can help. Need workers’ comp or other business insurance? Contact All Insurance Services today at 919-779-5115.