Indiana Business Insurance

Customized protection for your Indiana business

Small business owners in Indiana should consider carrying business insurance to protect against a variety of common claims, such as a customer slipping and falling on your shop floor or an employee becoming injured on the job. Without it, a single incident could lead to financial burdens, such as expensive lawsuits and recovery costs.

The state of Indiana is home to over a half million small businesses that collectively employ 1.2 million people, according to the U.S. Small Business Administration (SBA). These businesses are required by Indiana state law to carry workers’ compensation insurance to protect those employees who become injured or ill while at work.

Shop for workers’ compensation, general liability, cyber insurance and more with the Progressive Advantage® Business Program. Our team of licensed professionals can get you started with a quote customized to your Indiana business’s needs.

Types of IN business insurance

General Liability

This is the most common business insurance coverage, and nearly all businesses in Indiana should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.

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Commercial Auto

This coverage protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Your personal auto policy doesn’t cover vehicles while they’re being used for business reasons.

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Workers' Compensation

Businesses in Indiana are required to carry workers’ compensation insurance if they have employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.

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Business Owners Policy (BOP)

A BOP combines property and liability coverage into one easy-to-manage policy. It’s a great option for small to medium-sized businesses that rent or own commercial property, such as a storefront, warehouse or office building.

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Professional Liability

Indiana businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It’s also known as errors and omissions insurance (E&O).

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Cyber Insurance

This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage.

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How much does business insurance cost in Indiana?

The cost of business insurance in Indiana is based on a variety of factors, including a business’s age, location and number of employees. For example, a business with twenty employees in Fort Wayne will have a different cost than a business with five employees in Indianapolis.

One of the most influential cost factors is the type of work a business does. Each business is usually rated on the risks and exposures unique to their industry. Businesses that are exposed to more risk can expect to pay a higher rate. For example, a window washer who scales tall buildings for work is exposed to more risk than a housekeeper who only cleans windows from inside a residence. In this case, the window washer can expect to pay more for insurance because their exposure is much higher.

Indiana business insurance requirements

Indiana businesses are required by state law to carry workers’ compensation if they have one or more employees. Railroad workers protected by the Federal Employees Liability Act, real estate employees and independent contractors are a few of the businesses exempt under this law.

Learn more about workers’ comp laws and exemptions in Indiana from the Indiana Workers’ Compensation Board.

While workers’ compensation is the only type of business insurance mandated by Indiana law, it’s a good idea to consider additional coverages, like general liability or a BOP. Protecting your livelihood with adequate business insurance can help you better manage the financial setbacks an unexpected accident can have on your business.

Resources for Indiana small business owners:

Indiana professions we insure

We help small business owners from a wide variety of industries, including these common professions:

Browse more examples of professions we insure.

Why choose Progressive?

  1. Options

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Business insurance for all Indiana cities

We can customize business insurance in all Indiana cities, including, but not limited to:

  • Indianapolis
  • Fort Wayne
  • Evansville
  • South Bend
  • Carmel
  • Fishers
  • Bloomington
  • Hammond
  • Gary
  • Lafayette

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