Question 1

How much does workers' comp cost for Hardware Store - General in South Carolina?

Accepted Answer

The current rate for Hardware Store - General (Class Code 8055) in South Carolina is $2.48 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1240 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 Hardware Store - General is $2.48, which is $0.19 below the national average of $2.67 (-7%).

Question 4

What does class code 8055 cover?

Accepted Answer

Covers employees of general hardware stores selling tools, fasteners, and household repair supplies.

State	Rate per $100	Difference
South Carolina (current)	$2.48	—
Indiana	$1.95	-0.53
Texas	$2.05	-0.43
Virginia	$2.07	-0.41
Utah	$2.13	-0.35
Arkansas	$2.20	-0.28

Workers' Comp Rate for Hardware Store - General in South Carolina (Class Code 8055)

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