South Carolina Workers Compensation Insurance: Quotes from $37/mo

The committed workforce of South Carolina contributes to the success of enterprises of all sizes. Possibilities and advancement come with the duty to maintain employee safety and well-being. South Carolina workers compensation insurance safeguards both employers and essential workers. Workers compensation insurance protects employees against work-related injuries and illnesses and demonstrates the state’s dedication to their well-being. 

South Carolina workers compensation insurance is more than a legal requirement; it demonstrates your commitment to employee welfare. In the following paragraphs, we will discuss the benefits of this insurance, how to obtain it, and how it can help create a healthy, happy, and secure workplace in South Carolina. 

What is Workers Compensation?

Workers compensation insurance is a legally mandated insurance policy that protects employees who are injured or become disabled on the job. This ingenious system is a financial safety net, ensuring that employees who sustain work-related injuries or ailments receive medical care and wage replacement. 

Employees waive their right to sue their employer for negligence in exchange for a reasonable trade-off that benefits both parties. This innovative system aims to maintain workplace harmony by providing injured workers with prompt financial relief, ensuring their medical needs are met, protecting employers from costly litigation, and promoting workplace safety.


When Do You Need to Get Workers Compensation Insurance in South Carolina

Employers who consistently employ four or more employees, whether full-time or part-time, are required by South Carolina law to carry workers’ compensation insurance. Notably, part-time employees and family members who actively partake in the labor force are covered by the South Carolina workers compensation law. 

This statutory requirement demonstrates the state’s dedication to the safety and compensation of its workforce. Compliance with South Carolina workers compensation requirements is more than a formality; it is crucial for ensuring the safety and well-being of every employee. Employers who comply with this regulation uphold their responsibility to provide critical assistance and coverage in the unfortunate event of workplace injuries or accidents, thereby fostering a safer and more equal workplace.


What Government Agency Oversees Workers Compensation in South Carolina

The South Carolina Workers Compensation Commission oversees and administers  workmans comp in SC. The Commission’s mission is to provide an equitable and timely system of disability benefits to injured workers and employers in the most responsive, accurate, and dependable manner possible. In order to accomplish its mission, the South Carolina Workers’ Compensation Commission is responsible for the following primary duties.

  • Fair and impartial administration: The Commission is charged with administering the workers’ compensation laws of South Carolina in a fair and impartial manner. This fundamental duty ensures that the system operates fairly and with integrity.

  • Legislative recommendations: The Commission is also responsible for recommending changes and improvements to the laws that regulate the administration of the workers’ compensation system. This proactive strategy seeks to continuously refine and improve the system.

  • Professional development: The SC workers compensation commission places a premium on maintaining a staff with professional training. This commitment ensures that the individuals responsible for supervising the system have the necessary skills and knowledge to perform their duties effectively.

  • Service quality improvement: Continuous development is fundamental to the operations of the Commission. By striving to improve the quality of workers’ compensation-related services and products, the agency ensures that stakeholders receive the best possible assistance.

  • Information dissemination: Lastly, the SC workers comp commission plays a vital role in providing information to facilitate understanding and compliance with the workers’ compensation laws of South Carolina. This educational outreach promotes transparency and assists both employers and employees in navigating the complexities of the system with greater ease and assurance.

Essentially, the South Carolina Workers’ Compensation Commission is an organization committed to upholding the principles of equity, efficiency, and education within the workers’ compensation framework, ensuring that injured workers and employers receive the support and justice they deserve.

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Which Businesses Are Exempt from Getting Workers Compensation Insurance in South Carolina

Several categories of enterprises are exempt from the requirement to obtain workers’ compensation insurance under the authority of the South Carolina workers compensation law. These exemptions are:

  • Casual employees: Casual employees, who are typically employed irregularly or sporadically, are exempt from the requirement to provide workers’ compensation coverage.

  • Small businesses: Businesses with fewer than four employees or an annual payroll of less than $3,000 are not required to carry  South Carolina workers compensation.

  • Agricultural employees: Individuals performing agricultural work are exempt from the workers’ compensation coverage requirement.

  • State and county fair associations: Entities affiliated with state and county fairs are exempt from workers’ compensation insurance requirements.

  • Railroads and railroad express companies: Companies in the rail transportation industry, such as railroads and railway express companies, are exempt from South Carolina workers compensation requirements.

  • Federal employees: Federal employees operating in South Carolina are not subject to SC workers comp laws.

  • Owner-operator drivers and certain commission-paid real estate agents: Provided they meet specific threshold requirements, owner-operator drivers and certain commission-paid real estate agents are exempt from the workers’ compensation coverage requirement.


How Much Money Does South Carolina Workers Compensation Insurance Give?

Depending on the nature and severity of their injuries, South Carolina workers compensation insurance provides a range of financial assistance to injured employees. Typical financial advantages include: 

  • Medical benefits: Injured employees are entitled to have their medical expenses, such as doctor’s visits, hospitalization, medication, and other treatments related to their workplace injury, covered. These medical benefits are intended to promote a complete recovery.

  • Lost wages: Due to their ailments, workers who are temporarily unable to work may receive temporary total compensation. This compensation is equal to 66 2/3% of their average weekly wages based on the four quarters prior to the injury, up to a maximum of $1,035.78 as of January 1, 2023. These wages can be factored into the computation of the average weekly wage if an individual held multiple jobs at the time of the accident.

  • Permanent disability: In circumstances when injuries result in permanent disability, workmans comp SC may award compensation. The amount given is determined by the kind and extent of the disability as determined by medical professionals.

  • Temporary partial compensation: If an injured worker is able to return to work but at a reduced capacity, they may be entitled to 66 2/3% of the difference in their average weekly salary before the accident and their average weekly wage after the accident.

Depending on the conditions, the term of compensation benefits varies. The worker’s temporary compensation benefits will remain until he or she is fully freed to work without restrictions. If benefits are terminated within 150 days after notification of the accident and the worker disagrees, he or she may request a hearing by filing Form 15. If a person is allowed to return to work after 150 days, he or she may be required to sign a Form 17, agreeing to return to work. A hearing can be ordered if there is disagreement.

Furthermore, workmans comp in SC allows for two sorts of settlements: one that allows for additional medical care to be sought within twelve months if the illness worsens, and another that resolves the whole claim, including any future medical care payments. The choice between these approaches is determined by the case’s particular circumstances and the requirement for future medical treatment.


How Long Will an Employee Wait Before Receiving Benefits?

The timeline for an employee to begin receiving benefits under South Carolina workers compensation depends on the nature and duration of their incapacity due to a workplace injury. The following information pertains to the length of time an employee must wait before receiving benefits:

  • Temporary lost wages (Temporary total compensation): An employee is eligible for temporary lost earnings if they are unable to work for more than seven consecutive days due to a work-related injury. In this scenario, disability benefits begin on the eighth calendar day following the advent of incapacity to work. If the duration of the infirmity exceeds 14 days, benefits are retroactive to the first day of incapacity. These compensation payments are typically disbursed weekly by an employer’s representative, typically via US mail; however, direct deposit options are available upon request.

  • Temporary partial compensation: If a treating physician determines that an injured employee can return to work with restrictions, the employee may be eligible for temporary partial compensation. The schedule corresponds with that of temporary total compensation. The benefits begin on the eighth calendar day following the inability to work and, if the infirmity extends beyond 14 days, are retroactive to the first day of incapacity. The employee receives payment from their employer for hours worked and additional compensation from the employer’s representative on a weekly basis, bridging the disparity between post-injury and pre-injury wages if the latter are lower.

In essence, the waiting period for an employee to begin receiving benefits under South Carolina workers compensation insurance depends on the duration of their incapacity and the specifics of their injury. This system is intended to provide employees with timely assistance as they face the challenges posed by work-related injuries.


Penalties for Not Getting Workers’ Compensation in South Carolina 

Employers who fail to provide workers’ compensation insurance as mandated by the South Carolina workers compensation act are subject to the following fines and penalties. 

  • Fines for non-compliance: Employers who do not provide workers’ compensation coverage may face fines and penalties, which can range from $50 to $200, depending on the specific violation.

  • Civil lawsuits: Injured employees have the right to file civil lawsuits against non-compliant employers. This can result in financial liability for medical expenses, lost wages, and other related costs.

  • Loss of legal protections: Non-compliant employers may lose certain legal protections, potentially making them vulnerable to further legal actions.

  • Ineligibility for contracts and licenses: Employers who do not provide workers’ compensation coverage may become ineligible for government contracts and business licenses, impacting their operations.

  • Criminal charges: In severe cases of non-compliance or fraudulent activity, employers may face criminal charges, which can include fines and potential imprisonment.

  • Fines for non-compliance:  Employers who fail to provide workers’ compensation coverage may be subject to fines and penalties ranging from $50 to $200, depending on the nature of the violation.

  • Civil proceedings: Employees who sustain injuries are permitted to initiate civil lawsuits against noncompliant employers. This may result in a financial obligation for medical expenses, decreased wages, and other costs.

  • Loss of legal defenses: Employers who fail to comply may lose certain legal protections, rendering them susceptible to additional legal actions.

  • Exclusion from contracts and licenses: Employers who do not provide workers’ compensation coverage may be ineligible for government contracts and business licenses, which could have a negative impact on their operations.

  • Criminal accusations: In extreme cases of noncompliance or fraud, employers may face criminal charges, including fines and imprisonment.

These penalties emphasize the significance of adhering to South Carolina workers compensation requirements to ensure both legal compliance and employee well-being.

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South Carolina Workers Compensation Insurance Cost

You will pay $71 per month or $852 per year for workers compensation insurance in South Carolina. Some factors that affect premiums are the type of business, claims history, business history, and number of employees. Here’s a table comparing the South Carolina workers compensation insurance rates of top insurance companies:

Company Cost per Month Cost per Year Best for
NEXT $37 $444 Best overall; Fastest workers compensation insurance.
Thimble $46 $552 Businesses with dynamic and project-based workers’ compensation insurance requirements.
Hiscox $58 $696 Businesses that value customized and adaptable insurance coverage to suit their specific requirements.
The Hartford $92 $1,104 Businesses in search of a trustworthy and knowledgeable workers comp insurance SC partner.
Tivly $108 $1,296 Comparing workers comp insurance quotes over the phone.

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Best South Carolina Workers Compensation Insurance Companies

Finding the correct workers compensation insurance provider is crucial for businesses of all sizes and industries in South Carolina’s workforce landscape. Insurance companies in South Carolina offer a variety of policies, each tailored to meet the specific requirements of employers and employees. 

This overview examines some of the top workers compensation insurance companies in the state, highlighting their strengths and specialties to assist businesses in making informed decisions and ensuring the well-being of their employees.


NEXT

Pros

  • Tailored coverage: NEXT Insurance offers workmans comp SC that can be tailored to meet the specific requirements of your business.

  • Effortless online experience: Streamlined digital processes for fast estimates, policy administration, and claim submission.

  • Competitive pricing: Offers competitive pricing, making affordable quality coverage.

  • Responsive customer service: A reputation for attentive customer service that promptly addresses your complaints.

Cons

  • Not an insurance company but an insurance broker 

NEXT is an excellent option for South Carolina workers compensation insurance. This innovative insurer caters to the specific requirements of the state’s businesses, offering policies that provide strong employee protection. The focus on digital efficiency that distinguishes NEXT Insurance and facilitates the insurance process for South Carolina businesses is what sets them apart. In addition, their customer-centric strategy ensures rapid claims processing and excellent customer service.

Best for: Best overall; Fastest workers compensation insurance. 

Average cost: $37 per month 

Our rating: 10/10


The Hartford

Pros

  • Long-standing expertise: The Hartford has a long history of providing Workers’ Compensation Insurance, and we understand the specific needs of businesses in South Carolina.

  • Strong financial backing: The Hartford’s robust financial stability provides peace of mind by ensuring they can satisfy their responsibilities.

  • Exceptional claims handling: A track record of efficient claims processing, resulting in less downtime for organizations.

Cons

  • Potentially higher costs: Premiums may be slightly greater, but this reflects the quality and expertise provided.

The Hartford’s industry knowledge and commitment to total protection distinguish it as an experienced supplier of South Carolina workers compensation. The Hartford has decades of experience and a long-standing tradition. Employers in South Carolina can find comfort in the fact that their custom-tailored insurance prioritizes employee health. In addition, The Hartford goes above and beyond by providing essential risk management solutions that enhance worker safety, thereby reducing the number of incidents. 

Best for: Businesses in search of a trustworthy and knowledgeable workers comp insurance SC partner.

Average cost: $92 per month

Our rating:  10/10


Tivly

Pros

  • Customized matching: Tivly’s platform matches businesses with the finest insurance provider for their needs, ensuring a personalized insurance solution.

  • Simple quote procedure: Tivly allows South Carolina businesses to get Workers’ Compensation Insurance quotes quickly and easily.

  • Extensive network of providers: Tivly has partnered with over 200 insurance providers to give businesses various options.

Cons

  • Tivly lacks a mobile app, which may limit the convenience and accessibility of managing insurance policies on the go.

Tivly is a useful resource for South Carolina businesses seeking Workers’ Compensation Insurance. It simplifies the initial phase of procuring insurance quotes by offering a straightforward and effective quote procedure. Tivly provides businesses with access to an extensive network of more than 200 insurance providers, ensuring they can find the coverage that best meets their specific requirements. 

Tivly’s strength is its ability to match businesses with the insurance provider that meets their specific needs, delivering a tailored insurance solution. Call and talk with a representative now to compare workers compensation insurance quotes over the phone. 

Best for: Comparing workers comp insurance quotes over the phone.

Average cost: $108 per month 

Our rating:  9/10


Hiscox

Pros

  • Specialized coverage: Hiscox tailors Workers’ Compensation Insurance to South Carolina businesses.

  • Website convenience: Businesses may easily access and change their coverage using Hiscox’s online policy management platform.

  • Reliable customer support: Hiscox provides prompt customer service to South Carolina businesses.

Cons

  • Availability limitations: Hiscox’s services may only be available for some business categories and sizes in South Carolina.

Hiscox instills confidence in policyholders by assuring them of the company’s ability to pay claims with a solid financial foundation promptly. Their user-friendly online platform streamlines policy management, providing South Carolina enterprises with convenience. Moreover, Hiscox is distinguished by their responsive customer service, which provides crucial assistance when it matters most. Hiscox is a reputable option for South Carolina workers compensation insurance for those who prioritize customized coverage, financial stability, and digital convenience, even though its availability may be limited for certain business types.

Best for: Businesses that value customized and adaptable insurance coverage to suit their specific requirements.

Average cost: $58 per month 

Our rating:  9/10


Thimble

Pros

  • Flexibility: Thimble’s on-demand insurance model enables businesses to obtain coverage for specific initiatives or periods, a feature that traditional policies frequently lack.

  • Ease of purchase: Thimble’s digital platform streamlines the process of acquiring insurance, allowing South Carolina businesses to acquire coverage swiftly and easily.

  • Affordability: Thimble is accessible to businesses with differing budgets due to its competitive pricing.

Cons

  • Limited coverage duration: Thimble’s short-term insurance may not be suitable for businesses that need long-term Workers’ Compensation Insurance.

Thimble offers a novel and adaptable approach to workmans comp in SC. It is an excellent option for businesses with fluctuating duties or seasonal operations due to its on-demand insurance policies, which enable businesses to obtain coverage for specific projects or periods. The digital platform of Thimble simplifies the insurance process, allowing businesses in South Carolina to purchase policies swiftly and easily. However, Thimble’s approach may only be appropriate for some business types, especially those with extensive and ongoing insurance requirements. It is ideally suited for South Carolina businesses seeking short-term, project-based Workers’ Compensation coverage, focusing on flexibility and convenience.

Best for: Businesses with dynamic and project-based workers’ compensation insurance requirements.

Average cost: $46 per month

Our rating: 9/10

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