Indiana Workers Compensation

Every state in the country requires workers compensation coverage for businesses with employees. Indiana is no exception. While it may be a legal requirement, it also makes good business sense. Workers compensation protects you, your business, and your employees.

What is Workers Compensation?

Workers compensation is insurance protection that pays for the lost wages and medical expenses of employees who are injured or become ill while on the job. In the rare case of an accident resulting in death, workers comp also pays death benefits to your employee’s survivors. As the employer, you are protected from lawsuits and the enormous costs of on-the-job accidents or illnesses.

Workers Compensation in Indiana

While every state may have workers compensation, not every state has the same rules. If you have a business located in Indiana or you send your employees to work in Indiana, you need to understand the specific requirements within the state.

  • Any business with employees, full-time or part-time, is required to purchase workers compensation coverage in Indiana.
  • Licensed real estate agents, casual laborers, farm and agricultural employees, and household employees are exempt from coverage.
  • Independent contractors who work in the building or construction industries must be certified by the Indiana Worker’s Compensation Board each year before they can receive a certificate of exemption from workers comp.
  • Indiana has a private insurance market so you can purchase your coverage from any licensed insurance agent or company within the state.
  • Sole proprietors, partners, and members of LLCs are excluded from coverage but may opt in.
  • Corporate officers are included in workers comp coverage but may opt out.
  • In the event of an accident or illness, the employer selects the physician.
  • A seven day waiting period must pass before compensation will be paid. This is for temporary disabilities only.
  • Compensation is paid retroactively for injuries or illnesses that last for more than 21 days.
  • No compensation is paid for employees who knowingly injured themselves, were intoxicated at the time of the incident, or knowingly fail to use safety devices as provided by their employer.
  • You must post notice of workers compensation coverage in a place visible to your employees. It must include the name, address, and phone number of your insurance carrier or, for the self insured, the person who handles claims.
  • Self insurance is available in Indiana.
  • Employees must give written notice of an injury or illness as soon as practical after the event occurs. Survivors must provide written notice of a death as soon as possible after it occurs. No compensation will be paid if a notice is not received by the employer within 30 days.

Workers compensation is a necessary part of doing business in Indiana. Remember, it’s also coverage that protects you, your business, and your employees in case of accident, illness, or death. Don’t get caught without it.

The team at America’s Workers Compensation is ready and willing to help you understand your current coverage or find the best price. Contact us today for your free quote. We’re here to help!

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