2023 status report on the South Carolina workers' compensation insurance market

Authors
South Carolina Insurance Department
Keywords
Workers' compensation--South Carolina
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.
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Issue Date
2023-12-29
Contributor
Date Accessioned
2024-03-11T14:01:58Z
Date Available
2024-03-11T14:01:58Z
Item Format
application/pdf
Media Type
Item Language
Publisher
Digital Collection
Rights
Records, documents, and information made available by the agencies of the South Carolina state government or its subdivisions are the property of the people of the state of South Carolina. Therefore, according to U.S. copyright law, the South Carolina State Library considers these items to be in the public domain (see Title 17, U.S.C.).
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Digitization Specifications
This South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.