Workers' Comp Insurance in Indiana

NEXT and The Hartford lead the field for the best workers' comp insurance in Indiana, with NEXT standing out for exceptional customer service and coverage options. The Hartford matches with competitive rates and robust coverage choices. Simply Business offers another reliable option for Indiana business owners, with scores nearly identical to the top providers.

NEXT and The Hartford emerge as Indiana's premier providers, offering excellent coverage options for business owners with workers' comp requirements.

Indiana businesses can get the cheapest workers comp insurance through NEXT for $67 monthly ($807 annually). The Hartford and Thimble offer comparable rates at $67 and $68 per month, respectively.

Workers' compensation insurance in Indiana costs businesses an average of $72 per month or $859 annually. Indiana's rates run $2 below the national monthly average of $74. Your business's actual premium depends on industry risk level, number of employees, total payroll and previous claims experience.

In Indiana, workers' comp insurance cost varies dramatically by industry risk level. Speech therapists pay the lowest premiums at $6 monthly, while roofing businesses pay higher rates at $815 per month. This substantial difference reflects the varying workplace injury risks across different professions.

In Indiana, employers are required to carry workers’ compensation insurance once they hire their first employee. This coverage helps pay for medical bills and lost wages if a worker is injured or becomes ill because of their job. The rule applies to both full-time and part-time employees.

Businesses that don’t maintain proper coverage may face fines of up to $10,000 and additional daily penalties of $50 until they comply. Failing to carry insurance is also considered a Class A misdemeanor, which can lead to criminal charges. 

Some types of workers, however, are exempt from getting workers' compensation coverage:

You can keep your small business insurance cost in check while finding good coverage. Start by gathering quotes from multiple providers and comparing options to get business insurance that fits your needs.

Indiana has many reliable options for workers’ compensation insurance. Based on our analysis, NEXT, The Hartford and Simply Business are among the top providers in the state. It’s best to get quotes from these companies and compare their plans according to your industry and business size.

Researching workers’ compensation insurance rules and costs in Indiana can be tricky for business owners. This section covers common questions to help you understand the process more easily.

We designed this scoring system to identify which insurers offer the best combination of competitive premiums, efficient claims processing, and adequate coverage for Indiana's diverse business landscape.

How we scored each provider:

We evaluated companies across four weighted categories that reflect what matters most when you're buying workers' comp coverage in Indiana:

Affordability (50%): Monthly premiums from different insurers based on common business profiles.

Customer Experience (30%): J.D. Power ratings, complaint data from the Indiana Department of Insurance and independent feedback on claims handling.

Coverage Options (15%): Policy flexibility, available add-ons and coverage limits tailored to Indiana industries and state regulations.

Financial Strength (5%): Checked AM Best ratings to confirm each company’s ability to pay claims over the long term.

Why these weights: For Indiana businesses working with tight budgets, premiums play the biggest role in keeping operations affordable. 

Customer experience is also important. When an employee is injured, you need a company that processes claims quickly and treats workers fairly. Smooth claims handling helps avoid legal issues and supports workplace morale.

Coverage options matter because industries like manufacturing, agriculture, healthcare, and logistics face very different risks. Flexible policies allow business owners to choose protection that fits their specific needs. Financial strength completes the picture, showing which insurers can stay stable and pay claims when accidents happen.

This approach highlights real value for Indiana business owners who need affordable rates, reliable claims service and coverage that meets the state’s workers’ compensation requirements.