Most businesses need Workers’ Compensation in Indiana. This insurance policy helps cover expenses related to accidents or injuries that happen in the workplace. The plan can also provide financial assistance to employees and help protect your company’s resources.
The issue that many businesses face is that they cannot find a Workers’ Compensation plan that works for their company. PolicySweet® aims to provide tailored and affordable solutions to get you the coverage you are looking for. That way, you’re complying with Indiana work laws while also adding a layer of protection for your business. Contact us today to get a free quote.
Filing for Coverage
An employee who suffers from an injury or accident should report the incident to their employer to begin the claims process. Doing this as soon as possible is the recommendation because there is typically a time limit for filing a claim. Once informed, the employer should notify their insurance provider.
The process for approval can take some time as each case needs to be examined and interviews with the parties involved may take place. Once there is a resolution, payments to the employee can begin.
There are some cases where the claim may be denied, or there is a problem with the resolution. Employees and employers have the right to file a dispute if this happens. A process where the case is examined once more can occur to determine whether there is legitimacy to the dispute. If a decision is overturned due to an appeal, then the insurance carrier can begin the payments after the case is closed.
Should My Business Have Workers’ Compensation Insurance?
Indiana requires most businesses to have Worker’s Compensation with a few exemptions. According to the laws, these entities may not need to obtain coverage:
- LLC partners or members
- Sole proprietors
- Real estate agents
- Independent contractors
- Corporate officers
In the above cases, most of these businesses operate with only one or two people. They may also be in a position where they’re not exposed to workplace hazards. As such, Indiana does not require them to obtain insurance coverage.
However, if a company finds itself in a situation where they’re dealing with multiple employees, it can be beneficial to have insurance to help avoid the worst-case scenario. Small businesses in Indiana should think about discussing coverage options with a representative from PolicySweet. We can provide you with advice on how to help protect your employees and company.
Get Insurance for Your Small Business at PolicySweet
Applying for Workers’ Compensation doesn’t have to be time-consuming and complicated. Our goal is to provide you with a short and SWEET process that can give you the plan you desire. Our coverage can help protect you from workplace injury risks at your business. Contact us today and speak with one of our representatives who can provide you with a quote for an insurance plan.
Once you accept the terms, you can move forward and focus more on operating your business. Many small businesses in Indiana choose us because of our hassle-free process and competitive rates. Request a quote today and begin the process of getting insurance.
Please Note: State-specific information is subject to change at any time. Always consult with your state’s official information and resources for the most accurate information.