If you own a business with employees, it’s essential to have workers’ compensation insurance. Also known as workers’ comp, this type of insurance protects your business from the financial risks associated with workplace accidents. When an employee is injured on the job, your business could face significant costs. Workers’ comp helps cover these liabilities, ensuring your business remains financially secure. If you don’t have this coverage yet, contact Champion Insurance Agency in South Carolina today.

South Carolina Workers’ Compensation Laws

In South Carolina, workers’ compensation insurance is mandatory for businesses with four or more employees. This includes both part-time and full-time workers, as well as family members employed by the company. Even if your business has fewer than four employees, it’s still a wise decision to invest in workers’ comp. Workplace accidents, such as falls, can result in serious injuries and substantial expenses.

Costs Associated with Workplace Accidents

The financial impact of a workplace accident can be substantial. Medical bills for injuries are just the beginning. Additional costs may include:

• Lost wages for the injured employee during their recovery period.
• Legal expenses that may arise following the incident.
• Ongoing medical treatments or therapies are required for recovery.

These expenses can quickly add up, potentially putting a small business at risk. Workers’ compensation insurance provides the coverage needed to protect your business from these financial burdens.

Secure Workers’ Compensation Insurance Today

If your business has employees, workers’ compensation insurance is a necessity. To get started with a policy that safeguards your business and employees, contact Champion Insurance Agency in South Carolina today.