Who is responsible for paying Worker’s Compensation Awards?
We get asked often whether a worker’s compensation claim is basically a lawsuit “against your employer.” The short answer is “no.”
99% of employers carry worker’s compensation insurance. Just as you carry auto insurance or homeowner’s insurance, claims are paid by the insurance company, not the owner of the policy.
A small percentage of Indiana employers are self-insured. Only large employers, who seek permission from the Indiana Worker’s Compensation Board, are self-insured. With the self-insured employers, any money paid in the claim is paid by the employer’s money. This is a small minority of employers, as almost all are covered by an insurance policy and that insurance company pays if you file a claim.
If you are looking for guidance on how to proceed with your worker’s compensation case, please call us now.