Which statement about South Carolina mechanics liens is correct?
Correct Answer
B) Liens must be foreclosed within 2 years of filing
South Carolina mechanics liens must be foreclosed through legal action within 2 years of filing, or they become unenforceable.
Why This Is the Correct Answer
South Carolina mechanics liens must be foreclosed through legal action within 2 years of filing, or they become unenforceable.
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A contractor has 15 employees and annual payroll of $780,000. The workers compensation rate is $4.25 per $100 of payroll. What is the annual premium?
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A contractor's annual revenue is $1,850,000. Their workers compensation insurance has a rate of $4.50 per $100 of payroll, and their annual payroll is $425,000. What is their annual workers compensation premium?