Workers’ compensation covers workplace injuries and illnesses. In South Carolina, most employers with an annual payroll of more than $3,000 are required to have this coverage. Exceptions are made for agricultural employees, railroad employees, certain commission-paid real estate agents, and employees of Textile Hall Corporation.
Your workers’ compensation insurance cost will depend on the types of jobs your employees do, your company’s overall payroll, and the rate of injuries within your industry. It should come as no surprise that it costs more to cover an employee at one of South Carolina’s aircraft production plants than it does to cover an accountant.
We expanded rapidly over the last year or so. We needed to make sure we're fully covered if something did happen, so we got TrustedChoice. They were recommended to me by another small business. I also felt like it had more personal touch. I called the number off the website, and I pretty much made my mind up just after a 10-minute phone call. They made it easy by explaining what you can or can't do and what really benefits you compared to other people.James of Summerville, SC Review is obtained from Consumer Affairs
Workers’ compensation insurance protects employers and employees alike. Employees do not need to worry that a workplace injury will cause them financial hardship, and employers can avoid expensive liability lawsuits. South Carolina’s business owners can expect their workers’ compensation policy to include the following:
There are 315 independent insurance agents in South Carolina who are ready to help. These agents are familiar with workers’ compensation and other business insurance policies. Because they are independent, they can shop around for the best worker’s compensation policy to meet your business’s specific coverage and budgetary needs.