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