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South Carolina Bond Required of Employer Carrying His Own Risk

State:
South Carolina
Control #:
SC-SKU-2728
Format:
PDF
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Description

Bond Required of Employer Carrying His Own Risk South Carolina Bond Required of Employer Carrying His Own Risk, also known as a South Carolina surety bond, is a guarantee of payment to workers in the event of non-payment or failure to pay wages. This bond is required of employers in South Carolina who opt to carry their own risk, as opposed to taking out workers' compensation insurance. The bond must be issued by a surety company licensed in South Carolina and is in the amount of 10 percent of the total wages paid to employees over a 12-month period. The bond must be renewed annually. Types of South Carolina Bond Required of Employer Carrying His Own Risk include: — South Carolina Wage anHoustonon— - South Carolina Payroll Bond — South Carolina Employee Dishonesty Bond — South Carolina Non-Payment of Wages Bond.

South Carolina Bond Required of Employer Carrying His Own Risk, also known as a South Carolina surety bond, is a guarantee of payment to workers in the event of non-payment or failure to pay wages. This bond is required of employers in South Carolina who opt to carry their own risk, as opposed to taking out workers' compensation insurance. The bond must be issued by a surety company licensed in South Carolina and is in the amount of 10 percent of the total wages paid to employees over a 12-month period. The bond must be renewed annually. Types of South Carolina Bond Required of Employer Carrying His Own Risk include: — South Carolina Wage anHoustonon— - South Carolina Payroll Bond — South Carolina Employee Dishonesty Bond — South Carolina Non-Payment of Wages Bond.

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South Carolina Bond Required of Employer Carrying His Own Risk