Workers Compensation Insurance
Do I need workers compensation insurance?
South Carolina Code of Laws states that businesses with more than three (3) employees must have a workers compensation policy in effect.
However, even if a business is not required to have a workers compensation policy, the employer is still responsible for any work related injuries to an employee.
Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.
Am I, the business owner, covered by my workers compensation policy?
That depends on the type of the business you have.
For a sole proprietorship, the owner is automatically excluded. If the owner wants to be covered, he/she must make a request in writing.
For a partnership, the partners are automatically excluded. If a partner wants to be covered, he/she must make a request in writing.
For an LLC, the members are automatically excluded. If a member wants to be covered, he/she must make a request in writing.
For a corporation, the officers are automatically included. If an officer does not want to be covered, he/she may complete and sign an Officer Notice To Reject document.
We provide Workers Compensation Insurance in Charleston, Mt. Pleasant, Summerville, Daniel Island, James Island, John's Island, West Ashley, Goose Creek, Moncks Corner, Walterboro, North Charleston, Isle of Palms, Edisto, Myrtle Beach, Bluffton, Beaufort, Savannah, Hilton Head and the surrounding area in South Carolina.