The South Carolina State Accident Fund was established in 1943 for the purpose of providing workers' compensation coverage and administration for all state agencies and other local governmental entities at reasonable prices. By creating a state agency for the sole purpose of "self-insuring", the state of South Carolina provides a stable source of guaranteed insurance coverage so that state workers are not placed at undue risk.
On July 1, 2013, the administration of the South Carolina Workers' Compensation Uninsured Employers' Fund was transferred to the State Accident Fund. The Uninsured Employers' Fund was created to ensure payment of workers' compensation benefits to injured employees whose employers failed to acquire necessary coverage for their employees as required. The Uninsured Employers’ Fund is funded from the collections of tax on insurance carriers and self-insured's.
By administering both funds, the State Accident Fund provides a more stable environment for our state's employers and their employees.
Our vision is to be recognized as a progressive and intuitive state agency and leader in the field of workers’ compensation insurance for governmental entities.