South Carolina Interpreter Insurance Policy Information
South Carolina Interpreter Insurance. If you are an interpreter, then chances are you're the person professionals call on when they need to translate verbal or written communications from one language to another. As a translator you're hired by individuals, corporations, lawyers, government entities and even medical professional to translate speeches, interviews and other forms of communication into another language.
Although this job may seem simple, there are many risks involved. For instance, if there's an error in something you translated or you cause damage to a business with your errors you make you can be held liable. For this reason, you must have protection. In this post, we'll take a look at some of the risks and the types of South Carolina interpreter insurancepolicies you can get to protect your business.
South Carolina interpreter insurance protects your translation business from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Translator Insurance Basics
Although it might be hard for you to cause bodily harm to a third party, you still should have South Carolina interpreter insurance to keep your business and personal assets covered. It's possible for a person on your property to sue you if they get hurt while being there. Following are some basic types of translator insurance:
Commercial General Liability Coverage - A client can always sue you if they are injured while on the premises of your business. With this coverage, you get a broad range of protection against lawsuits made against you by a third party for bodily harm or property damage. Commercial general liability insurance covers any cost associated with any harm done by your business. If you have to pay medical bills or replace damaged property this insurance will help you. In the event, you're sued then having this South Carolina interpreter insurance helps with the costs associated.
Having SC commercial property insurance protects the building and the contents in those buildings that you use for your business. Your computers, office furniture, and other office supplies will be covered when you have this insurance. Any property damaged by fire, severe weather, theft or vandalism is repaired and quickly replaced with this type of insurance coverage. Interruption coverage is also a part of this protection. If there is ever a time in your business where you are unable to operate for a period because of relocation or some other issue you are covered when you have this insurance.
Professional Liability Insurance For Translators - The biggest risk you face as an interpreter is an error caused by an oversight on your part that results in damages to your clients' business. Let's say you're required to translate an important document like medical lab results, and an error in translation leads to the patient getting the wrong treatment or even death you can be sued. A situation like this could result in you losing lots of money in your business if aren't adequately protected.
When you are translating it your job to get the accurate translation to the person or company that needs it. If you make a mistake, then you can be held liable for the damages caused. With interpreter professional liability insurance (also now as errors and omissions), you'll have protection if a client sues you for negligence. This coverage helps with legal defense fees, settlements, and judgments. Speaking with an experienced insurance agent will provide you with the information you need to find the right South Carolina interpreter insurance policies for your business.
Other Insurance Policies To Consider For Your Translation Business
SC Commercial Auto Insurance - Vehicles you use for your business needs to be covered. While driving on the road, there is always the risk of getting in an accident. When you are an employee of your business causes damage to a third party while using a business vehicle you can be held liable. Luckily with this type of insurance in your business, you will be protected.
SC Workers Compensation Insurance - Workers comp is required in most states for any non-owner employees. While on the job there's always the chance of an employee being injured. If they need medical attention because of the injury, they will be covered when you have this insurance.
SC Interpreter Insurance
As an interpreter, you may think there aren't that many risks to your business, but you're wrong. To ensure the success of your business you need to have protection. The last thing you want happening is a lawsuit against your business that results in a huge financial loss for your business. Find the right insurance and keep your translation business protected today.
South Carolina Economic Data, Regulations And Limits On Commercial Insurance
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:
- Fort Mill
- Hilton Head Island
- 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
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 Service 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.
- Answering Service
- Armored Car
- Attorney Lawyer
- Background Music Services
- Business Consulting
- Chemical Engineers
- Civil Engineers
- Claims Adjuster
- Commercial Laundries
- Commodity Broker
- Corporate Wellness
- Court Reporter
- Credit Bureaus
- Debt Collection Agency
- Detective Agency
- Diaper Services
- Electrical Engineering
- Environmental Consultant
- Executive, Career & Life Coaching
- Executive Search Firm
- Expert Witness
- Financial Planner
- Financial Services
- Funeral Directors
- HR Consultant
- Inspection Bureaus
- Insurance Agents & Brokers Insurance
- Mediator - Arbitrator
- Medical Billing
- Music, Drama & Dance Therapy
- Office Machine Repair & Maintenance
- Piano Tuners
- Project Management
- Safety Consultants
- Speakers Bureaus
- Temporary Staffing
- Tax Preparer
- Title Abstractors
- Valet Parking
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 Interpreter Insurance 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 SC cities & South Carolina counties near me in The Palmetto State.
Also find SC local small businesses by General Liability Class Code 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.