How does workers' comp work in Indiana?

Indiana has the second lowest rates on workers compensation insurance in the entire country. Still many business owners do not fully understand Workers Compensation Insurance. Here we have broken Work Comp down in to several informational topics to help you understand this required coverage and how it protects your business.

Workers' Compensation Insurance is protection for your business against the costs associated with an injury occurring to one of your employees while on the job. It is legally required in the state of Indiana. Workers' Comp provides medical costs and lost wages for the employee, and it protects the business from being liable for injuries that occur as a normal part of business operations.

Workers' Comp Rules & Information for Indiana

Indiana Compensation Rating Bureau

5920 Castleway West Drive
PO Box 50400
Indianapolis, IN 46250

What is Workers' Compensation?

The basic purpose of the Workers’ Compensation is to provide wage replacement benefits and medical treatment for employees who have been injured or become ill due to a work-related injury or illness. It prevents the employer from bearing the costs of injuries that occur during normal business operations.

Registering with the State Board.

All independent contractors in the construction trade are required to register with the Indiana Workers' Compensation Board. Independent contractors in the building and/or construction trades are required to become certified with the Indiana Workers' Compensation Board. Injuries occurring while working as an independent contractor will NOT be covered by workers' compensation. However, injuries sustained while working as an employee might be covered.

How does workers' comp help my employee?

Employees benefit from workers' comp coverage by having lost wages covered while they are hurt or sick and not able to work. It also pays for medical costs they might incur as a result of the sickness or injury.

Illinois Workers' Comp Rates

Average rates on workers' compensation insurance in Indiana were the second cheapest in the country last year (43 percent lower than the national average). Rates are actually down five percent just in the last two years. Rates remain low because of strong competition on the open market and the presence of an assigned risk provider. Indiana Compensation Rating Bureau (ICRB) is the assigned risk provider in the state of Indiana. Typically states with an assigned risk provider enjoy lower rates on workers' compensation coverage than stay who do not.

How does workers' comp help my business?

Your business benefits by not being liable for injuries that occur as a part of normal business operations. This applies whether the injury was the fault of the business or was caused by negligent actions of the employee.

State Insurance Directives Regarding Covid-19

IN “requests” insurers to institute a moratorium on policy cancellations and nonrenewals due to non-payment of premium to allow a 60-day grace period for any premium due between March 19, 2020 – May 18, 2020.  Also, IN is providing a 60-day grace period for premium tax filings and surplus lines premium tax filings.

Discretionary order in effect from 03/26/2020 - 05/18/2020

State Orders Regarding Insurance Claims Related to Coronavirus

No current state orders.

Specialized Programs for Select Industries

We work with our national insurance partners to develop targeted programs with easier underwriting requirements and lower rates. We offer a broad range of business class codes that help streamline the quote process so you get the lowest price for coverage.

Knowing the Indiana workers comp requirements can help lower the cost of coverage.

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Indiana Work Comp Information

Indiana Compensation Rating Bureau (ICRB)

Indiana is not a NCCI state. They use the ICRB as the assigned risk and to establish rates. The ICRB does use NCCI for ratemaking and uses the NCCI basic manual, but ICRB does not always follow NCCI classifications. For confirmation on classifications always check with ICRB.

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Workers' Comp Includes Employers Liability Insurance?

Employers liability insurance is an additional layer of coverage included as part of a workers' compensation insurance policy. Employers Liability is known as Part 2 of the policy. It adds two additional coverages for employers:

Employers Legal Liability and Legal Defense Costs

In today's world, there are a variety of reasons employees and third-parties sue employers for damages. Here a some common types covered by employers liability insurance:

Third Party Lawsuits

Your employee sues another party that may have contributed to the injury, In turn, the third party sues your business.

Consequential Bodily Injury

Another party or individual is injured while providing care for the injured employee.

Dual Capacity Legal Action

An employee files a claim but also attempts to sue the employer for being responsible in other ways outside of the employment relationship.

Loss of Consortium

A spouse sues for damages caused by the loss of companionship or relations.

Employers Liability coverage is not included with coverage in the four monopolistic states. Employers in these states can endorse this coverage onto their General Liability policy. That coverage is commonly known as Stop Gap Coverage.

Workers' Comp Covers IN Employers from Injury Related Expenses & Lawsuits
Employers liability insurance is included under a workers' comp policy in most states.
  • Employers liability coverage is not included in all monopolistic states.
  • All NCCI and most other states' coverage includes employers liability insurance.
Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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