Popular QuestionsPopular Questions About South Carolina Business Insurance

Why should I have South Carolina business insurance?

In 2018 small businesses in South Carolina made $113.3 billion. Without comprehensive commercial insurance, any business claims that comes your way have to be paid out of your pocket. That means they have to be paid out of your business’s revenue — and that your bottom line could suffer.

How have other business owners used their business insurance?

40% of small businesses are likely to experience a property or general liability claim in the next 10 years. Here are some things these companies have been using their insurance on:

  • Theft Or Burglary: Average Cost Per Claim - $8,000
  • Water Damage & Freezing Pipes: Average Cost Per Claim - $17,000
  • Wind & Hail Damage: Average Cost Per Claim - $26,000
  • Fire Damage: Average Cost Per Claim - $35,000
  • Customer Slip & Fall: Average Cost Per Claim - $20,000
How does South Carolina business insurance help me?

South Carolina business insurance will pay for covered claims so your business doesn’t have to. But it's important to know what is covered and what isn't in case you run into a liability claim or workers' compensation scenario.

Here’s what a standard business insurance policy should do:

Pay For Damage To Your Building

  • We call this “Commercial Property Insurance.”
  • Example: A tree falls on your office building.

Pay For Damage To Your Business Property

  • We call this “Business Personal Property Insurance.”
  • Example: A fire destroys all your computers.

Pay For Damage To Someone Else’s Property

  • We call this “General Liability Insurance.”
  • Example: A contractor does a poor job of installing a cabinet, resulting in its falling and breaking homeowner's kitchenware.

Pay For Someone Else’s Medical Bills

  • We also call this “General Liability Insurance.” 
  • Example: A customer slips and falls on your recently mopped floor and breaks an arm.

Pay For Accidents in Company Vehicles

  • We call this “Commercial Auto Insurance.”
  • Example: Your salesperson rear-ends someone while driving to an appointment.

Pay For Employee Injuries & Compensation

  • We also call this “Workers' Compensation.”
  • Example: An employee falls off a ladder at work and can’t work for two weeks.

Sometimes, these coverages are not enough. A small business has a wide variety or risks to consider, and the standard commercial insurance policy may not cover all your bases. Your business faces unique risks, and you may need additional coverages as a result.

Make sure you're insured with comprehensive coverage by talking to a local independent insurance agent. We can match you with the right independent insurance agent who specializes in your field and who can get you affordable coverage.

What insurance does South Carolina require for businesses?

A commercial insurance policy is not required of business owners, but certain aspects of it may be. In South Carolina, businesses that employ four or more people — whether full or part-time — must carry workers' compensation insurance. 

Plus, businesses with company-owned vehicles or employees that regularly drive must carry commercial auto insurance. To learn more about coverage that you may need to carry, you can talk with an independent insurance agent.

How much does South Carolina business insurance cost?

It primarily depends on how risky your business is. The riskier your business is, the higher your insurance will be. Here are two examples.

  • A sole proprietor who owns a garment hemming business: $260 per year
  • A commercial landscaper with five employees who operate heavy machinery: $22,700 per year


How do I find the best business insurance in South Carolina?

Business insurance rates are calculated using a number of factors such as the risks to your business property, your liability coverage needs and the amount and types of coverage you want. 

Policies can vary significantly by business industry, so it is best to talk with an experienced insurance agent when building a suitable and comprehensive policy for your business.

It’s usually wise to work with an independent agent in South Carolina since they have access to multiple insurance companies. Sometimes its difficult to find an insurance company who will cover your business.

  • There are 409 independent agents in South Carolina who are ready to help.
  • In 2017 our agents helped 3,738 people.
What are the top business insurance companies in South Carolina?

An independent insurance agent compares policies from multiple companies to find the best coverage for your needs.

central insurnace companies
the main street america group
westfield insurance

InformationFind the Best Insurance in Your City

How does your city measure up?

  • Number of businesses in the U.S.: 27,626,360
  • Number of businesses in South Carolina: 367,726
  • Burglary rate per 1,000 residents in the U.S.: 4.69
  • Burglary rate per 1,000 residents in SC: 6.65
  • Auto theft rate per 1,000 vehicles in the U.S.: 2.37
  • Auto theft rate per 1,000 vehicles in SC: 2.81


CityPopulationNumber of Established FirmsBurglary Rate Per 1,000 ResidentsAuto Theft Rate per 1,000 Vehicles
Columbia134,30913,0808.285.01
Charleston134,38516,0502.701.37
North Charleston109,2988,0177.554.77
Mount Pleasant84,17010,0531.830.82
Rock Hill72,9375,0985.300.98
Greenville67,45310,1617.673.03
Summerville48,3234,2020.473.05
Georgetown9,0241,19111.631.98
Camden7,1261,1127.573.24
Hilton Head Island40,5005,4244.022.22
Simpsonville21,3141,8903.252.22
Hanahan23,4391,2664.571.28
Conway22,7611,8616.313.34
Orangeburg13,1961,31710.593.17
Clemson16,0581,1386.344.53
North Myrtle Beach16,0322,28612.177.21
Bluffton18,8972,2542.062.22
Piedmont5,1038202.692.20
Gaffney12,9209909.073.86
Spartanburg37,8764,07210.983.78
Goose Creek42,0392,3493.831.11
Aiken30,9373,3857.981.87
Myrtle Beach32,2406,4022.1216.39
Anderson27,5443,46716.476.05
Greer29,0002,5803.531.94
Greenwood23,3202,06911.791.54
Mauldin25,1881,7603.101.41
North Augusta22,9322,0594.061.69
Easley20,9532,7435.452.82
West Columbia16,2821,8186.752.55
Beaufort13,4451,89911.842.45
Fort Mill15,0291,4551.550.30
Port Royal12,7854534.382.90
Clinton8,45354710.861.40
Newberry10,3727096.930.78
Seneca8,3528745.781.44
Laurens9,08065210.882.18
Irmo12,1771,9205.071.63
Surfside Beach4,39149113.601.91


Georgetown, SC Business Insurance Cost Factors

Covering Your Business Assets

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. Talk to a local independent insurance agent to learn about what kind of coverage you need to fully protect your business.

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 of vehicular theft in your city.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Georgetown, SC workers comp cost looks like.

  • Manufacturing Industry, $3,180/year
  • Construction Industry, $7,260/year

These industries are not all created equal — for instance, an employee at a construction site has much more risk of getting injured than someone behind a store counter. Workers' comp insurance should address your unique risks and provide enough protection for you and your employees in the event of an accident.

Camden, SC Business Insurance Cost Factors

Covering Your Business Assets

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.

Commercial Auto: Your commercial auto insurance rates will be based on a number of factors. It should consider the number of vehicles as well as the average risk of collisions and amount of vehicular theft in your city. That way, you'll have coverage that addresses your unique risks.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Camden, SC workers comp cost looks like.

  • Construction Industry, $7,260/year 
  • Health Care and Social Assistance Industry, $2,630/year

Workers' compensation insurance should address your unique business, which is why these rates are different from one another. A construction company needs more insurance protection for its employees than a health care office. If a liability claim comes your way after an employee suffers a job-related injury or illness, you need the right protection to stay financially stable.

Columbia, SC Business Insurance Cost Factors

Covering Your Business Assets

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. 

Commercial Auto: Do you have a company car? If so, you need commercial auto insurance. Talk to a local independent insurance agent to learn about your insurance requirements as well as limit options and type of risks you need protection against.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Columbia, SC workers comp cost looks like.

  • Retail Trade Industry, $1,440/year
  • Educational Services Industry, $180/year 

These businesses have different workers' compensation insurance needs. When you talk to an independent insurance agent, you'll receive coverage that addresses your risks and takes workplace risks into account.

West Columbia, SC Business Insurance Cost Factors

Covering Your Business Assets

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. Get proper protection at a price you can afford by working with a local independent insurance agent.

Commercial Auto: Auto thefts happen. It isn't a fun scenario to think about, but wouldn't you rest assured knowing your company cars are financially protected against the risk of vehicular theft? If your business owns a vehicle or a fleet of vehicles, talk to a local independent agent about commercial auto insurance.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in West Columbia, SC workers comp cost looks like.

  • Construction Industry, $7,260/year 
  • Educational Services Industry, $180/year 

Why are these numbers different from one another? Each workplace presents its own inherent risks to the employees who work there, and your business needs the right kind of protection for its specific and unique hazards. The construction industry has much more risk than educational services. Keep this in mind when shopping for insurance.

Charleston, SC Business Insurance Cost Factors

Covering Your Business Assets

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. Since the crime rate in Charleston can affect your coverage rates, it's best to walk through the process with an independent insurance agent.

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 of vehicular theft in your city.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Charleston, SC workers comp cost looks like.

  • Professional, Scientific and Technical Services Industry, $290/year 
  • Accommodation and Food Services Industry, $1,460/year

Professional and technical service-based businesses have much different workers' compensation insurance needs than a business in food services. A local independent insurance agent can tell you why — and why you may pay more for coverage than you thought you should. It's important to have the proper coverage so you're fully insured in case a medical bill or lawsuit comes your way.

North Charleston, SC Business Insurance Cost Factors

Covering Your Business Assets

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. Contact your local independent insurance agent to see what you need protection against and to learn how commercial insurance can give you peace of mind from unexpected property crimes.

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. That's why it's a good idea to team up with an independent agent and find coverage that is comprehensive, customized and affordable.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in North Charleston, SC workers comp cost looks like.

  • Manufacturing Industry, $3,180/year 
  • Retail Trade Industry, $1,440/year 

North Charleston is lucky to have such a big variety of businesses within its economic makeup. But each one has its own risks against which protection is needed — including workers' compensation coverage for injuries and illnesses. Let your local independent insurance agent know you need a commercial insurance policy that you can trust and that gives you 360 degrees of protection.

Mount Pleasant, SC Business Insurance Cost Factors

Covering Your Business Assets

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.

Commercial Auto: Take this number 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 of vehicular theft in your city.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Mt. Pleasant, SC workers comp cost looks like.

  • Professional, Scientific and Technical Services Industry, $290/year
  • Real Estate and Retail/Leasing Industry, $440/year

Each industry has its own specific workplace hazards and risks to keep in mind when looking at insurance options. Just consider the risks at a construction site versus the risks in a classroom. It's why these rates are different from one another and why you need to walk through the process with an independent insurance agent to ensure you're receiving comprehensive, affordable and customized insurance.

Rock Hill, SC Business Insurance Cost Factors

Covering Your Business Assets

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.

Commercial Auto: You can't control other drivers or criminals; something could happen in 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.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Rock Hill, SC workers comp cost looks like.

  • Manufacturing Industry, $3,180/year
  • Retail Trade Industry, $1,440/year

These businesses have different workers' compensation insurance needs. When you talk to an independent insurance agent, you'll receive coverage that addresses your risks and takes workplace risks into account. That way, it's unique, comprehensive and reliable.

Greenville, SC Business Insurance Cost Factors

Covering Your Business Assets

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. Get protected in a cost-effective way by partnering with a local independent insurance agent.

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 vehicular 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.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Greenville, SC workers comp cost looks like.

  • Manufacturing Industry, $3,180/year
  • Professional, Scientific and Technical Services Industry, $290/year

Workers' compensation insurance should address your unique business. That's why these rates are different from one another; for instance, a manufacturing facility needs more insurance protection for its employees than a clerical office. If a liability claim comes your way after an employee suffers a job-related injury or illness, you need the right protection to stay financially stable.

Summerville, SC Business Insurance Cost Factors

Covering Your Business Assets

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 ensure you're covering all your bases.

Commercial Auto: Commercial auto insurance rates are based on a number of factors like the number and types of vehicles you are covering. Even the risk of collisions and average amount of vehicular theft in your city can impact how much you pay. Keep that in mind when you're considering insurance options and quotes.

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 worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Summerville, SC workers comp cost looks like.

  • Manufacturing Industry, $3,180/year
  • Retail Trade, $1,440/year

These industries are not all created equal — an employee at a construction site has much more risk of getting injured than someone behind a store counter. Workers' comp insurance should address your unique risks and provide enough protection for you and your employees in the event of an accident.