Business Insurance in South Carolina FAQ - Quick Answers

Your business insurance premiums in South Carolina will be unique to your operation, making it impossible to know what your rates are without quotes. However, here are the main risk factors carriers use when calculating your costs:

  • Type of industry
  • Number of employees
  • Gross annual sales
  • Location of business
  • Number of company vehicles
  • Safety practices in place
  • Past claims reported
  • Number of years in operation

Business insurance is required in South Carolina under the following policies:

  • Workers' compensation insurance: Pays for the injuries of an employee hurt on the job. Mandatory when you have 1 or more employees.
  • Business auto insurance: Pays for a loss resulting from an auto accident with a company-owned vehicle. Must abide by state car insurance laws.

In South Carolina, your business insurance can cover a multitude of risks, and each operation will be different. Here are some policies that could apply to your business:

General liability insurance in South Carolina will be your primary policy for your business. Check out what it covers below:

Health insurance for your business can be found through a local independent insurance agent. In South Carolina, you're not required to offer health coverage if you have fewer than 50 employees. 

In South Carolina, Hiscox, Nationwide, Travelers, and Hanover are rated among the best insurance companies for small businesses. This is because of their excellent customer service and robust coverage offerings.

Do You Know What Your Business Insurance Covers in South Carolina?

Find the Best Business Insurance in Your City

National Business Insurance Stats

Number of businesses in the US: 30,819,176

Burglary rate per 1,000 residents in the US: 3.76

Auto theft rate per 1,000 vehicles in the US: 2.29

CityNo. of businessesBurglaries / 1,000 peopleAuto thefts / 1,000 cars
Aiken3,3855.243.17
Anderson3,4678.264.58
Bluffton2,2541.410.4
Camden1,1125.393.87
Charleston16,0502.113.59
Clemson1,1381.545.69
Clinton5476.782.62
Columbia13,0806.856.69
Conway1,8613.452.11
Fort Mill1,4551.270.09
Mount Pleasant10,0531.231.1
Simpsonville1,8903.131.61
  1. Georgetown, SC
  2. Business Insurance Common Coverage Options
  3. Property: The property crime rate in Georgetown is higher than the national average. How does this affect you? Property insurance in less safe areas can sometimes be more expensive. 
  4. Commercial auto: If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and auto theft in your city.
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.


  1. Camden, SC
  2. Business Insurance Common Coverage Options
  3. Property: In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you do not have the right insurance. The crime rate in Camden can affect your coverage rates, so keep this number in mind when looking at insurance options.
  4. Commercial auto: Your commercial auto insurance rates will be based on several factors. It should consider the number of vehicles as well as the risk of collisions and the amount of auto theft in your city. That way, you'll have coverage that addresses your unique risks.
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.


  1. Columbia, SC
  2. Business Insurance Common Coverage Options
  3. Property: Camden is generally a safe place, but accidents and break-ins can happen when you least expect it. You need the proper type and amount of commercial property insurance so you won't have to pay for repairs out of pocket. 
  4. Commercial auto: Do you have a company car? If so, you need commercial auto insurance. You can learn about your insurance requirements as well as limit options and types of risks you need protection against from a local adviser.
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.


  1. West Columbia, SC
  2. Business Insurance Common Coverage Options
  3. Property: Any number of events can cause damage to your property. Severe weather, property crimes, and an unexpected fire can lead to large business losses if you do not have the right insurance. 
  4. Commercial auto: Auto thefts happen. It isn't a fun scenario to think about, but wouldn't you rather rest assured knowing your company cars are financially protected against the risk of auto theft? 
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.


  1. Charleston, SC
  2. Business Insurance Common Coverage Options
  3. Property: You can install security cameras and alarms, but the only surefire way to protect your small business from the aftermath of a property crime is with the right amount of commercial insurance. 
  4. Commercial auto: If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and auto theft in your city.
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.


  1. North Charleston, SC
  2. Business Insurance Common Coverage Options
  3. Property: In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you do not have the right insurance. It's important to understand what you need protection against and to learn how commercial insurance can give you peace of mind about unexpected property crimes.
  4. Commercial auto: Commercial auto insurance doesn't have to be complicated. Your rates will be based on a number of factors unique to your business and the neighborhood you're located in. 
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.


  1. Mount Pleasant, SC
  2. Business Insurance Common Coverage Options
  3. Property: Did you know that the crime rate in Mount Pleasant can affect how much you pay for insurance? Coverage rates should be based on a number of unique factors. If you're looking for coverage that is customized to your business and addresses the specific risks you're up against, you've come to the right place.
  4. Commercial auto: Take the average premium amount with a grain of salt. Your commercial auto insurance limit and rate depend on a variety of factors, including the number and types of vehicles you are covering and the risk of collisions and auto theft in your city.
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.


  1. Rock Hill, SC
  2. Business Insurance Common Coverage Options
  3. Property: Do you know what the biggest property damage culprits are? Severe weather, property crimes, and burst pipes can all lead to serious business losses if you do not have the right insurance.
  4. Commercial auto: You can't control other drivers or criminals. Something could happen at a moment's notice. So, if your business owns a vehicle or a fleet of vehicles, you need commercial auto insurance that is comprehensive and customized.
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.


  1. Greenville, SC
  2. Business Insurance Common Coverage Options
  3. Property: Does your current commercial insurance policy provide coverage against property crimes? Theft and arson can lead to large business losses if you aren't properly insured. 
  4. Commercial auto: Whether you have one company car or an entire fleet, you need commercial auto insurance. But don't worry! Your rate will be based on a number of unique factors, such as the rate of auto accidents on the roads your business frequently uses, the auto theft rate in your city, and information about the people who will be operating the vehicles.
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.


  1. Summerville, SC
  2. Business Insurance Common Coverage Options
  3. Property: Any kind of property damage can lead to large business losses if you do not have the right insurance. When you're looking at commercial insurance, you should consider the crime rate and typical weather patterns in the area to make sure that you're covering all your bases.
  4. Commercial auto: Commercial auto insurance rates are based on several factors like the number and types of vehicles you are covering. Even the risk of collisions and the average amount of auto theft in your city can impact how much you pay. Keep that in mind when you're considering insurance options and quotes.
  5. Workers’ compensation: Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most South Carolina employers. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates vary significantly depending on your industry.