Question 1

How much does workers' comp cost for Building Materials Dealer in South Carolina?

Accepted Answer

The current rate for Building Materials Dealer (Class Code 8058) in South Carolina is $5.20 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2600 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in South Carolina?

Accepted Answer

Yes, workers' compensation insurance is mandatory in South Carolina for employers with 4 or more employees.

Question 3

How does South Carolina's rate compare to other states?

Accepted Answer

South Carolina's rate for Building Materials Dealer is $5.20, which is $0.41 below the national average of $5.61 (-7%).

Question 4

What does class code 8058 cover?

Accepted Answer

Covers employees of building materials supply stores selling lumber, hardware, and construction supplies.

State	Rate per $100	Difference
South Carolina (current)	$5.20	—
Indiana	$4.10	-1.10
Texas	$4.31	-0.89
Virginia	$4.36	-0.84
Utah	$4.46	-0.74
Arkansas	$4.62	-0.58

Workers' Comp Rate for Building Materials Dealer in South Carolina (Class Code 8058)

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