SCAC-Sponsored Insurance Trusts
Why a Trust?
The South Carolina Counties Property & Liability and Workers Compensation Trusts were designed by and for South Carolina county government with the goal of providing insurance to counties at the lowest possible rates, while also offering dedicated services uniquely tailored to meet the needs of county government.
What are the Member Benefits?
- Members own the Trusts, and they are nonprofit. Unlike an insurance company, the Trusts' only objectives are to serve the membership.
- Trusts are run by the counties for the counties. The Boards of Trustees are made up of county government officials.
- Coverages and services are tailored to South Carolina's county governments, instead of the insurance industry standard "one size fits all."
- Long-term budget stability provided through the Trusts help counties minimize the peaks and valleys in their insurance premiums over the long term.
- Specialized risk control services include law enforcement and detention centers. These services are provided by full-time association staff and are specific to county government.
- Local service provided by dedicated, full-time personnel who specialize in assisting county governments. The team of professionals that assist the Trusts are all located in South Carolina where they can provide prompt, responsive service.
History of the Trusts
The SC Counties Workers' Compensation Trust (SCCWCT) was formed in 1984 with only 11 counties. Today membership consists of 42 of South Carolina's 46 counties and an additional 47 county-related entities. SCCWCT is approved as a self-insured trust by the S.C. Workers' Compensation Commission in accordance with South Carolina statutes. It provides statutory workers' compensation coverage for its members.
The SC Counties Property & Liability Trust (SCCP<) was formed in 1995 due largely to the success of the Workers' Compensation Trust. SCCP< started with only four members and now has 31 participants, including 28 counties.
