According to state law, how many employees must a company have to be required to carry workers' compensation insurance?

Study for the South Carolina Business Management and Law Exam with comprehensive question sets, flashcards, and detailed explanations. Prepare effectively and ace your exam!

In South Carolina, businesses are required to obtain workers' compensation insurance if they have four or more employees. This law is designed to protect employees by ensuring they have access to benefits for work-related injuries or illnesses. The requirement reflects the state’s recognition of the potential risks associated with employment and the need for financial support for injured workers.

Choosing the option of four employees is accurate as it aligns with South Carolina's statutory mandate. A company must count all employees, including part-time workers, when determining this threshold. The law helps to create a safety net for employees while also establishing clear guidelines for employers regarding their responsibilities.

The other options do not align with the legal requirement. For example, having two employees or ten employees would not trigger the obligation for workers' compensation coverage under South Carolina law, as neither meets the statutory threshold that protects workers effectively. This understanding is crucial for business owners to ensure compliance while safeguarding their workforce.

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