South Carolina Executive Search Firm Insurance

Get My Quote

Or call for your free quote:

Get the best SC small business insurance quotes online & info on cost, coverage, minimum requirements, certificates & more.

South Carolina Executive Search Firm Insurance Policy Information

SC Executive Search Firm Insurance

South Carolina Executive Search Firm Insurance. Finding the right people to work in your business is important. This is why executive search services exist. Executive search services research, identify and interview candidates for companies that need executives and senior management personnel. To find the right person an executive research company must identify specific characteristics. Doing this allows them to find the right person for the job.

Unfortunately, just like any other business, many risks come with this type of business. With the different risks involved it's best, you have South Carolina executive search firm insurance for your business. In this post, we'll take a look at the different coverages and how you can choose the best ones.

South Carolina executive search firm insurance protects your headhunting business from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.

Executive Search Firms and Liability Insurance

When you're hired as an executive recruiter, you're hired for your expertise in finding the right executive for a company. If something goes wrong during this process, you can be held liable. For this reason, the right South Carolina executive search firm insurance is vital to your company's survival. Below we'll take a look at some of the different insurance policies you can get to protect your firm:

Professional Liability Insurance - This provides professionals, their partners or the corporation with protection if they are sued for negligence by a client or even an candidate.

Commercial General Liability Insurance - Having this type of South Carolina executive search firm insurance helps when there are lawsuits made against your company. Any lawsuits made against your business for third-party bodily injury or property damage is covered when you have this type of coverage. It helps you with any direct costs that come as a result of the operation of your business.

Commercial Property Insurance - Having this coverage protects the buildings you use for your business and the contents that are in them. Many things can damage your business like fire, smoke or inclement weather and you must have protection from them. This is why having this type of protection is important. Fortunately, most times business interruption coverage is included with SC commercial property insurance. When there's a period that your business is unable to function the way that it should then this coverage helps with any expenses.

Other Headhunting Insurance Coverages To Consider

To keep your firm protected you must ensure that you have protection in every area you could be held liable. To do this, you must have some of these other types of insurances:

Cyber Liability - If there is ever a breach in the system of your business that causes customer information to be leaked, then it's important you have this type of coverage. If there's a need for public relations, then this kind of policy helps to cover any costs associated with it.

Employment Practices Liability Insurance - This type of insurance helps to protect you if an employee or a past employee sues you because they think they've been treated wrong by you.

Commercial Umbrella - Having this type of excess liability coverage is important if you ever feel like you need some extra protection for your business. This insurance helps to keep your business covered when the limits of your other policies have been exhausted.

Workers Comp Insurance - This insurance is mandated by most states for any non-owner employees. If an employee is injured while on the job and needs medical attention, then this insurance helps to cover any cost associated with it. If injury results in a fatality it helps with paying benefits to the surviving family. Also by having this insurance for your business helps your employees to feel safer while they are working for you.

SC Executive Search Firm Insurance

Your goal as an executive search company is to ensure that you give your clients what they need professionally. Although this is what you do there are still may risks that come with it. Without insurance, you stand the chance of losing everything that you own in your business. The last thing you want is everything in your business being lost all because you didn't take the time to get the right protection for your headhunting business.

South Carolina Economic Data, Regulations And Limits On Commercial Insurance

Made In South Carolina

If you are an entrepreneur and you are either thinking about starting a new business or you are considering expanding an existing company to a new location, you know how important it is to choose the right area for your operation. In order to achieve as much success as possible, the location must offer favorable conditions and a market that will benefit from your products and services, and that those products and services will appeal to.

There are several aspects that indicate whether or not a specific state offers favorable conditions for business operations. Two of the most crucial aspects include the unemployment rate of the state, as well as the industries that are seeing the most activity in the state.

Additionally, it's also vital for prospective business owners to be aware of the different types of commercial insurance policies they will need to carry within a particular state to ensure that they are properly covered and complaint with the law.

If you're thinking about conducting business operations in South Carolina, read on for an overview of the economic trends and commercial insurance requirements in the Palmetto State.

Economic Trends For Business Owners In South Carolina

Unemployment rate is a telltale indicator of the economy of a state. The lower the rate, the healthier the economy is, and in turn, the more opportunities there are for businesses. As per the Bureau of Labor Statistics, the unemployment rate in the state of South Carolina was 2.3% in December, 2019.

Compared to the national average of 3.5% during the same time period, the economy of SC is booming. The health of the economy is further illustrated by the steady decline in the state's unemployment rate, which was 3.4% in July, 2019 and fell steadily until reaching the above-mentioned 2.3% in the last month of the year.

As in most states, large metropolitan areas are the best places to start a business in South Carolina; however, there are also several smaller cities and suburban locals that are also seeing an uptick in business ventures. Some of the destinations that companies might consider include:

  • Beaufort
  • Charleston
  • Columbia
  • Fort Mill
  • Georgetown
  • Greenville
  • Greer
  • Hilton Head Island
  • Mauldin
  • Myrtle Beach

The industries that are seeing the most activity in SC include:

  • Aerospace and aviation
  • Alternative energy
  • Automotive manufacturing
  • Biotechnology and life sciences
  • Hospitality and tourism
  • Logistics, transportation, and distribution
  • Recycling
Commercial Insurance Requirements In South Carolina

The South Carolina Department of Insurance regulates insurance in SC. South Carolina mandates very few forms of insurance coverage by law. They enforce worker's compensation.

South Carolina requires you to have worker's compensation insurance if you hire four or more employees on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.

South Carolina also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.

Additional Resources For Professional Services Insurance

Get informed about small business professional services insurance, including Professional liability, aka errors and omissions (E&O insurance), that protects your business against claims that a professional service you provided caused your client financial loss.


Professional Services Insurance

Let's face reality. People today are claims conscious, resulting in a significant share of malpractice lawsuits against professionals.

Liability resulting from the rendering of or the failure to render professional services is excluded in most liability coverage forms. This means that a policy covering a account's or lawyers' office will cover liability arising out of the maintenance or use of the premises, but specifically exclude liability arising out of the rendering of a professional service or the omission of such a service.

In addition to the professions in which actual physical or mental injury may be caused to clients, certain other professions are exposed to claims for malpractice.

Claims may be brought against lawyers, accountants, architects, and similar professional persons for errors or omissions in their professional capacity. Errors & Omissions insurance pays damages that might be awarded to a plaintiff alleging professional negligence.

Professional liability policies are made available to such risks, and these policies provide essentially the same protection as is afforded under the physicians, surgeons or dentists professional liability policy.

Minimum recommended small business insurance coverage: Business Personal Property, Employee Dishonesty, Accounts Receivable, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Professional Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.

Other commercial insurance policies to consider: Building, Business Income with Extra Expense, Earthquake, Equipment Breakdown, Flood, Computer Fraud, Forgery, Money and Securities, Special Floater, Cyber Liability, Employment-related Practices Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.


Request a free South Carolina Executive Search Firm insurance quote in Abbeville, Aiken, Anderson, Batesburg-Leesville, Beaufort, Belvedere, Bennettsville, Berea, Bluffton, Boiling Springs, Burton, Camden, Cayce, Centerville, Central, Charleston, Cheraw, Chester, Clemson, Clinton, Clover, Columbia, Conway, Darlington, Dentsville, Dillon, Easley, Edgefield, Five Forks, Florence, Forest Acres, Forestbrook, Fort Mill, Fountain Inn, Gaffney, Gantt, Garden City, Georgetown, Goose Creek, Greenville, Greenwood, Greer, Hanahan, Hardeeville, Hartsville, Hilton Head Island, Hollywood, Homeland Park, Irmo, James Island, Ladson, Lake City, Lake Murray of Richland, Lake Wylie, Lancaster, Laurel Bay, Laurens, Lexington, Little River, Lugoff, Marion, Mauldin, Moncks Corner, Mount Pleasant, Murrells Inlet, Myrtle Beach, Newberry, North Augusta, North Charleston, North Myrtle Beach, Oak Grove, Orangeburg, Parker, Piedmont, Port Royal, Powdersville, Red Bank, Red Hill, Rock Hill, Sangaree, Sans Souci, Seneca, Seven Oaks, Simpsonville, Socastee, Spartanburg, St. Andrews, Summerville, Sumter, Taylors, Tega Cay, Travelers Rest, Union, Valley Falls, Wade Hampton, Walterboro, Welcome, West Columbia, Woodfield, York and all other cities near me in SC - The Palmetto State.

Also find South Carolina insurance agents & brokers and learn about South Carolina small business insurance requirements for general liability, business property, commercial auto & workers compensation including SC business insurance costs. Call us (803) 500-9096.

Free Business Insurance Quote Click Here