Small Business Insurance in Greenville, SC for Companies Under 10 Employees
A small Greenville, SC business with under 10 employees typically pays $80 to $250 per month for a Business Owners Policy bundling general liability, commercial property, and business interruption, based on SBA and III industry data. Workers compensation adds $0.30 to $15 per $100 of payroll depending on class code, per NCCI rate filings for South Carolina.
How much does small business insurance cost in Greenville SC?
A Business Owners Policy for a Greenville, SC small business with fewer than 10 employees typically runs $80 to $250 per month, providing $1 million general liability, building or contents property coverage, and business interruption. Workers compensation is separate and runs about $0.30 per $100 of payroll for office work to $15+ per $100 for roofing or excavation, per NCCI class code filings.
What insurance does a small business need in South Carolina?
A South Carolina business typically needs general liability, commercial property, workers compensation (required at 4+ employees), commercial auto if vehicles are used for work, and professional liability for service businesses. Companies with employee data or customer credit cards should add cyber liability. Most Greenville small businesses bundle the first three into a Business Owners Policy for cost savings of 10 to 20 percent.
Does South Carolina require workers comp for small businesses?
South Carolina requires workers compensation for almost every business with 4 or more regular employees, including part-time and family members, under SC Code 42. Sole proprietors and partners can elect to exclude themselves. Businesses with fewer than 4 employees are not required to carry coverage but most general contractors and commercial landlords require it on every subcontractor regardless of headcount.
Is a BOP the same as a business insurance policy in Greenville?
A Business Owners Policy (BOP) is one specific type of bundled commercial policy that combines general liability, commercial property, and business interruption coverage. Not every business qualifies; BOPs target small to mid-sized companies with low-to-medium hazard exposure (offices, retail, restaurants, professional services). Higher-hazard industries like construction or manufacturing typically buy separate policies instead of a BOP.
Can I buy small business insurance the same day in Greenville?
Yes. An independent insurance agency in Greenville can usually issue a Business Owners Policy and general liability coverage same-day if the business is in a standard class and the owner provides annual revenue, payroll, square footage, and prior claims history. Workers compensation policies in South Carolina typically take 1 to 3 business days for the carrier to underwrite, especially for new businesses without prior experience modifier.
About The Morgano Agency
The Morgano Agency Inc is an independent insurance agency in Greenville, South Carolina, founded in 1998 by Vic Morgano. The agency compares rates from multiple carriers including Travelers, Liberty Mutual, Progressive, Hartford, Safeco, and Hagerty for families and businesses across Greenville County and the Upstate. Visit our business insurance page or call (864) 609-5285 for a quote. Find the agency on Google Maps.