Indiana Workers Comp Insurance

With limited exceptions, every employer in Indiana with one or more employee(s) is required by law to have a valid workers' compensation policy at all times. This "no fault" insurance not only provides injured workers with medical care and partial wage replacement, but also protects the policyholders from potentially damaging lawsuits. Although most companies in IN purchase a traditional commercial insurance policy, there are alternative methods of coverage which include licensing as a self insurer, gaining membership in a self insurance group, or obtaining coverage in the Assigned Risk Pool.

IN Workers Comp Insurance Specific Regulations

• • Having any employees working in Indiana, regardless of being full-time or part-time requires a business to have workers’ compensation insurance
  • Indiana offers a private insurance market and an assigned risk pool to help businesses struggling to secure coverage
  • Licensed real estate agents do not need coverage
  • Certified independent contractors by the Indiana workers’ compensation board grant ($15) certificates of exemption
  • Sole proprietors and Members of LLCs are excluded from coverage, but have the option to opt in
  • Corporate officers are included in coverage, but may chose to opt out