Indiana Workers' Compensation Cost Calculator
Key facts: workers' comp in Indiana
- Who must be covered
- Mandatory starting at 1 employeeOfficial agency: WCB
- Average rate
- $0.71 per $100 of payrollRank #45 of 51 (#1 = most expensive), below the $1.09 national median
- Rating organization
- ICRBIndiana Compensation Rating Bureau (ICRB) · independent rating bureau · Private insurers
- Verified from official records
- October 3, 2026Rates: Oregon DCBS study, June 2025
Indiana requires every employer under its worker's compensation law, except those exempted by IC 22-3-2-5, to insure with a company authorized to write worker's comp in the state, or to prove to the Worker's Compensation Board that it can pay compensation directly.
Rates in effect January 1, 2024 · Oregon Department of Consumer and Business Services, 2024 study (June 2025) · Nothing you enter leaves your browser
2024 study rate for all industries in Indiana. Edit it if your policy shows a different rate.
For the class you're pricing. Insurers rate each class code's payroll separately.
Printed on your experience rating worksheet or renewal. New or small employers that don't qualify for experience rating are rated at 1.00.
Estimated premium
$7,100
per year at an EMR of 1.00
At an average mod
$7,100
per year at an EMR of 1.00
Your EMR's impact
$0
no adjustment
Effective cost: $0.71 per $100 of payroll.
At an EMR of 1.00, your claims history neither raises nor lowers this premium.
Every claim from now on counts toward your next three renewals. IncidentLog makes the first step — a complete, same-day incident report — take about 90 seconds from a job-site QR code.
Create a free accountEstimate before schedule credits or debits, premium discounts, expense constants, state assessments and minimum premiums — your insurer's quote will differ.
Who must carry workers' comp in Indiana?
Mandatory starting at 1 employee
Employers exempted by IC 22-3-2-5 aren't covered.
Official agency
Worker's Compensation Board of Indiana (WCB)
Market: Private insurers · Law: Ind. Code § 22-3-5-1
Indiana workers' comp rates by business type
Rate per $100 of payroll for common class codes in Indiana, against the median of the 51 jurisdictions in the study.
| Business type (NCCI code) | Indiana | U.S. median | Difference |
|---|---|---|---|
| Office and clerical staff (8810) | $0.11 | $0.11 | 0% |
| Retail store (8017) | $0.92 | $1.20 | −23% |
| Restaurant (full service) (9082) | $0.78 | $1.09 | −28% |
| Restaurant (fast food) (9083) | $0.73 | $1.09 | −33% |
| Hotel (all other employees) (9052) | $1.04 | $1.79 | −42% |
| Assisted living / retirement center (care staff) (8824) | $1.25 | $2.03 | −38% |
| Hospital (professional staff) (8833) | $0.58 | $0.82 | −29% |
| Electrical contractor (5190) | $1.23 | $2.37 | −48% |
| Plumbing contractor (5183) | $1.23 | $2.70 | −54% |
| Residential carpentry (up to 3 stories) (5645) | $5.48 | $8.71 | −37% |
| Roofing (5551) | $1.82 | $9.64 | −81% |
| Trucking (7219) | $1.69 | $5.72 | −70% |
Indiana doesn't use NCCI class codes; the study maps each class to the closest Indiana equivalent. Your insurer applies the rate for your own classes, then your EMR.
What a bad EMR costs in Indiana
Take $500,000 of payroll at Indiana's $0.71 index rate: $3,550 a year at an average mod of 1.00.
- EMR 0.85
- $3,018/yr
- EMR 1.25
- $4,438/yr
- Difference
- +$1,420/yr
A claim year usually stays in the mod for three renewals, so the gap adds up to about $4,260. The mod is built from claims, and the cheapest claim is the injury caught early.
IncidentLog lets crews report an injury or near miss from a job-site QR code in about 90 seconds, so you hear about it the same shift and see patterns on your OSHA 300 log before they become claims.
Create a free accountIndiana workers' comp FAQ
Is workers' comp insurance mandatory in Indiana?
Yes. Indiana requires workers' compensation coverage from the first employee (Ind. Code § 22-3-5-1). Employers exempted by IC 22-3-2-5 aren't covered. Source: Worker's Compensation Board of Indiana.
How are workers' comp rates set in Indiana?
Employers buy coverage from private insurance companies. Indiana doesn't use NCCI: the Oregon DCBS study lists an independent bureau, the Indiana Compensation Rating Bureau (ICRB), as its rating organization. Your own premium then depends on your class codes, your payroll and your experience modification rate (EMR).
What is the average workers' comp rate in Indiana?
The Oregon Department of Consumer and Business Services's 2024 study puts Indiana's all-industry index rate at $0.71 per $100 of payroll for rates in effect on January 1, 2024, 65% of the study's national median of $1.09. That ranks Indiana #45 of 51 jurisdictions, where #1 is the most expensive (#48 in the 2022 study). Your own rate depends on your class codes.
Sources
Official texts behind this page (2 quotes)
“Sec. 1. (a) Every employer under IC 22-3-2 through IC 22-3-6, except those exempted by IC 22-3-2-5, shall: (1) insure and keep insured the employer's liability under IC 22-3-2 through IC 22-3-6 in some corporation, association, or organization authorized to transact the business of worker's compensation insurance in this state; or (2) furnish to the worker's compensation board satisfactory proof of the employer's financial ability”
Compliance — Worker's Compensation Board of Indiana (opens in a new tab) · checked October 3, 2026
“WCB Mission Statement To provide efficient dispute resolution for injured workers and employers by administering both formal adjudication and informal dispute resolution services”
Worker's Compensation Board of Indiana (opens in a new tab) · checked October 3, 2026
An estimate for planning, not a quote, legal or insurance advice. IncidentLog is not an insurer or broker. Median rate across all industries: $1.09 per $100.