Indiana Workers’ Compensation Requirements for Employers

An A-Z guide on everything you need to know before you purchase an Indiana Workers' Comp Insurance Policy

Indiana’s workers’ compensation requirements for employers mandate that businesses that employ even one person must purchase workers’ compensation insurance.

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employee

Part-time employees, executives and minors must be covered.

The following are except:

  • Agricultural workers
  • Athletes on scholarship
  • Casual laborers
  • Domestic workers
  • Railroad employees covered by the FELA
  • Real estate employees
  • Trucking owner-operators
  • Volunteers
  • Youth sports coaches

Is worker’s compensation insurance required in Indiana?

Yes, nearly all employers are required to have workers’ compensation in Indiana. This applies to all businesses that have one or more employees.

 These requirements include full-time, part-time, and out-of-state workers. Executives, minors, and even students in certain job training positions have to be covered as well.

Are self-employed people required to have Indiana workers’ compensation?

Sole proprietors do not need to have their own coverage if they do not have employees. However, if they want coverage, they can file a Notice of Election form with the state.

Who is exempt from Indiana workers' compensation requirements?

Some exemptions include agricultural workers, athletes on scholarship, casual and domestic workers. Real estate employees, trucking owner-operators, volunteers and youth sports coaches are also exempt.

How much is workers’ comp coverage in Indiana?

Your Indiana workers’ comp rate will depend on the following factors:

  • The type of business you have
  • The size of your payroll
  • Your safety record
  • Claim history
workers comp policy cost

How can Indiana small business owners save money on workers' comp?

It’s important to follow all Indiana workers’ compensation requirements for employers. However, there are several methods to avoid overpaying for the appropriate level of coverage. 

Some of the top ways to save money include:

How does workers’ comp work in IN?

Most states are similar in terms of how you buy workers’ compensation insurance.

The first step is to get a quote for a workers’ compensation policy based on the estimated annual payroll of your business. Then you’ll choose a policy, and pay the premium over for a year of coverage. 

After that period ends, your payroll is audited to see how accurate the original estimate was. If you paid too little, you get a bill. Those who pay too much, get a refund.

What does workers’ comp cover in Indiana?

Workers who file a workers' comp claim in Indiana can receive benefits for the following:

workers comp covers medical bills

Medical bills

workers comp covers lost wages

Lost Wages

Workers' comp coverage also protects employers from legal action. This means that if an employee sues your business because of a workplace injury, the insurance will cover the legal costs of the case.

How to get workers’ comp insurance in Indiana

The best option for most businesses is to buy workers’ compensation insurance from an insurance company. These companies are authorized by the state to provide coverage. 

If you aren’t able to find coverage through a private company, there are other options. 

The Assigned Risk Pool or an alternate State Insurance Fund can be used to ensure you get the coverage you need. These options are usually more expensive. 

Some very large businesses may choose to self-insure which means handling all lawsuits and bills normally covered under workers’ compensation on their own.

What are the consequences of not having IN workers’ compensation insurance?

Not having workers’ comp insurance in Indiana can land you in hot water. An employer who does not have insurance and isn’t self-insured commits a Class A Infraction. 

The workers’ compensation board may order any of the following:

  • A fine of up to $10,000
  • Compensation of up to two times the amount in the Act
  • Medical expenses
  • Attorney fees
  • The requirement to cease business until proof of insurance is shown
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FAQS

What are workers comp death benefits in IN?

The spouse and children of a worker are eligible for death benefits in Indiana. For those who have no dependents, the benefits may be paid to others.

The maximum burial allowance in the state is $7,500. The family can also receive up to 67% of the average weekly wage of the worker. This has a minimum benefit of $50 a week and a maximum limit of $780. 

Death benefits can last up to 500 weeks. However, benefits stop if the spouse gets married or dies. In addition, children stop getting benefits at 18 or 21 if they are a student.

How do Indiana workers’ comp settlements work?

Workers’ compensation settlements in Indiana are often paid out as a single lump sum for a permanent disability. Another option is structured settlements paid out over time. 

The amount of a settlement will depend on several factors, such as the severity of the injury, your permanent impairment rating, and how the injury occurred. 

What are the statutes of limitation for IN workers’ compensation?

There is a two-year statute of limitations in Indiana for workers’ compensation claims. This date applies as of the date of the injury or the last date of paid compensation. Payment of medical expenses does not count and will not extend this date.

How do I get a workers’ comp insurance policy with Kickstand Insurance?

Start by filling out a short online form about your business. We’ll use that info to get you an estimated quote. Then, one of our experienced agents will contact you to review the quote and make sure you are getting the absolutely lowest rate possible for your business. Once the quote is finalized, you’re ready to buy the policy - often with coverage starting that day!

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