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2022 status report on the South Carolina workers' compensation insurance market
South Carolina Insurance Department
South Carolina Insurance Department
Abstract
Workers’ compensation laws were enacted to benefit both injured workers and employers: workers receive partial - as well as prompt, predictable, and certain - compensation without regard to fault in exchange for relinquishing their right to sue their employers in tort for damages. The South Carolina Workers’ Compensation Commission reports that insurance companies provide 70% of South Carolina’s workers’ compensation coverage. The remaining coverage is provided through group self-insured funds (such as the State Accident Fund) and individual self-insured employers. Both types of self-insureds share many of the same costs and expenses as an insurance company. Insurance company rates are the focus of this report, but differences will be noted, as appropriate.
Issue Date
2022-12-30
Keywords
Workers' compensation--South Carolina
Type
Text
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
Digitization Specifications
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