History of the Trusts

The South Carolina Counties Workers’ Compensation Trust was formed in 1984 with only 11 counties. Today membership consists of 44 of South Carolina’s 46 counties and an additional 41 county-related entities.  The South Carolina Counties Workers’ Compensation Trust is approved as a self-insured Trust by the South Carolina Workers’ Compensation Commission in accordance with South Carolina statutes.  It provides statutory workers’ compensation coverage for its members.

The South Carolina Counties Property & Liability Trust (SCCP&LT) was formed in 1995 due    largely to the success of the South Carolina Counties Workers’ Compensation Trust (SCCWCT). The Property & Liability Trust started with only four members and now has 25 participants. 

Why a Trust?

The 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. The Board of Trustees of each Trust is made up of county officials who are elected by the SCAC Board of Directors. The Trusts are run by the counties for the counties.

Boards of Trustees

The Trusts were designed by and for county government, with the goals of providing insurance to counties at the lowest rates possible, while providing services uniquely tailored to the needs of county government.

The Board of Trustees are made up of county officials who are elected by the Association of Counties' Board of Directors. Although not a requirement, both Boards currently share the same membership.

Eligibility

Unlike insurance purchased through traditional insurance companies, only counties and county government related agencies are eligible for Trust membership.  Therefore, the Trusts consist of a  homogenous group of risks with similar exposures.  This allows the Trusts to minimize the “peaks and valleys” of pricing over the long term.  Basically, the Trusts can provide long-term rate/premium stability unlike traditional insurance companies who mix counties in with other types of business.  The Trusts understand that stability is important in the county’s budget.

Innovation     

In order to provide the member counties with the service and the coverage they need, the two Trusts continue to evaluate and offer new programs and coverages.