Workers’ Comp in South Carolina
Protect Your Employees. Protect Your Business. Stay Compliant.
If you have four or more employees in South Carolina, Workers Compensation Insurance isn’t optional: it’s required by law. At The Ferguson Insurance Team, we help businesses across Charleston, Walterboro, and beyond stay protected and compliant with cost-effective, customized workers comp coverage.
Whether you’re a contractor, retailer, office-based business, or something else entirely, we’ll tailor coverage to your specific needs.
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What Is Workers Compensation Insurance?
Workers compensation insurance provides medical, wage, and rehabilitation benefits to employees who are injured or become ill as a direct result of their job. It also protects your business from costly lawsuits related to workplace injuries.
Coverage typically includes:
- Medical expenses
- Lost wages during recovery
- Rehabilitation services
- Death benefits for families
- Employer liability protection
Is Workers Compensation Required in South Carolina?
Yes. In South Carolina, any business with four or more employees, including part-time and seasonal workers, is generally required to carry workers comp insurance.
Some industries may have different thresholds or special rules, but most employers will need a valid policy in place to stay in compliance with state regulations—and avoid steep fines and penalties.
How Much Does Workers Comp Insurance Cost?
Workers comp premiums are based largely on:
- Your total payroll
- The type of work your employees do (risk classification)
- Your claims history
- Your experience modification factor (mod)
For example, a clerical office may pay significantly less than a roofing contractor, due to the inherent risk of each job.
As your payroll grows or shifts, your premium can change—so accuracy matters.
We Help You Prepare for Your Workers Comp Audit
At the end of each policy period, your insurance company will conduct a premium audit to ensure you were charged the correct amount. This process can be stressful—but it doesn’t have to be.
The Ferguson Insurance Team helps you:
- Organize payroll and contractor records
- Understand your job classifications
- Avoid costly mistakes and audit surprises
- Communicate directly with the auditor if needed
We’re here to support you before, during, and after your audit, so your business stays in good standing and on budget.
Why Workers Comp Through The Ferguson Insurance Team?
We’re a local, independent agency with access to a wide range of workers comp carriers—meaning we can help you find the best fit for your industry, risk level, and budget.
With us, you get:
- Workers comp expertise specific to SC laws and industries
- Competitive quotes from multiple insurance companies
- Guidance on audits, claims, and classification codes
- Personal, ongoing service from a local team that knows your business
Whether you’re a contractor, retail shop, medical office, or growing startup, we can help you secure coverage that protects your team and your bottom line.
Ready to Get Compliant & Protected?
If you’re hiring employees or already have a team in place, don’t wait until there’s an injury to think about workers comp.
We’ll walk you through the process and get you the protection you need—quickly, affordably, and locally.
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Frequently Asked Questions
Can I switch insurance before my policy's renewal?
Yes! You do not have to wait until the expiration date of a policy to change to a different carrier. If you’re unsure about the process of changing your auto insurance, our agents can walk you through that process, step-by-step.
Do you offer coverage bundles?
We do! Many of the insurance companies we represent offer savings and other benefits for having multiple policies with them. We can also create a customized bundle within our agency with coverage from different companies to best fit your needs. Many of those companies still offer a discount for having multiple policies with our agency, even if they are not all with the same company.
I'm moving to South Carolina, can you help me with my insurance needs?
We help many new South Carolina residents take care of their insurance needs, both auto insurance, and home or renters, when they first move to our state. Our agents can walk you through the process obtaining car and property insurance that satisfies the specific requirements of the state, your lender or your property manager.
I'm not sure what I need, can you help?
Absolutely! We know that most people don’t spend all day thinking about insurance the way we do! We’re here to help by providing you with education and listening to your unique needs so we can better understand you and what insurance solutions would best fit your specific circumstances.
My car insurance keeps going up, what can I do?
It’s true that auto insurance rates have risen across the board in the last few years due to a variety of factors, like increased cost of both parts and labor, as well as increased loss frequency and even the increased costs of reinsurance for carriers. The good news is you have options. If your rates have gone up, it may be a good idea to chat with a local agent and see if there are other options that are more affordable.
What is "full coverage"?
Great question! Contrary to popular belief, “full coverage” is not an insurance term, and agents don’t typically use it, because it can mean many things to different people. The most common definition though, is usually an auto policy that has both collision and comprehensive (also called other-than-collision) coverage. However, even a policy with these coverages may not “fully” cover you, depending on the circumstances. Coverages like towing and roadside assistance, Gap insurance, and medical payments are just a few options that might not be included on a policy that has collision and comprehensive coverage. Instead of using generic phrases like “full coverage”, we prefer to work with our clients to discuss their needs, and explain thoroughly exactly what their policy does or does not cover.
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