Question 1

How much does workers' comp cost for Taxicab Company - All Employees in South Carolina?

Accepted Answer

The current rate for Taxicab Company - All Employees (Class Code 7390) in South Carolina is $7.72 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $3860 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 Taxicab Company - All Employees is $7.72, which is $0.61 below the national average of $8.33 (-7%).

Question 4

What does class code 7390 cover?

Accepted Answer

Covers taxicab and ride-hail company employees including drivers and dispatchers.

State	Rate per $100	Difference
South Carolina (current)	$7.72	—
Indiana	$6.08	-1.64
Texas	$6.40	-1.32
Virginia	$6.47	-1.25
Utah	$6.63	-1.09
Arkansas	$6.86	-0.86

Workers' Comp Rate for Taxicab Company - All Employees in South Carolina (Class Code 7390)

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