Workers Compensation in NC or SC

Obtaining Workers Compensation in NC or SC

When running your business in North and/or South Carolina, workers comp insurance can protect you and your employees against issues involving illness or injury at the workplace.  A workers compensation plan can provide your employees with medical expense coverage’s, lost income/wages, rehabilitation costs, death benefits..etc.  You will need to work with a licensed insurance agent and also need to know what is required by law based upon your business entity ( i.e. sole prop, llc, inc etc).   As an insurance product, Workers Compensation in NC or SC is purchased as a standalone policy.  The availability of obtaining this insurance is through:


Contacting a licensed insurance agent.

Assigned Risk Pool (NC)

NC RATE BUREAU – our agency can help you with this process.

Self Insure

Through the states’ Department of Insurance.

Self Insured Funds

Through the Dept of Insurance.

Rates are based upon class code (industry type) on a percentage basis.  This is applied to per one hundred dollars of payroll.  Other factors affecting rates include experience modification (years paying WC) and claim loss history.

Penalties – refer to NC/SC Workers Comp Act.

At the Hoffman Insurance Agency we will explore all insurance markets and provide the best consultation to ensure you have the best program in place.

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