Indiana Self-Insurer's Workers' Compensation Bond
Overview
Applying to self-insure your workers' compensation obligations in Indiana? The state requires a surety bond before it grants that privilege. This bond guarantees that if your company fails to pay legitimate workers' compensation claims, the state has a financial backstop to protect your injured employees. It is a condition of approval — not optional, not deferrable.
Who Needs This Bond?
Your company has grown large enough that you want to carry your own workers' compensation risk instead of buying a commercial policy. Indiana employers who apply to the Workers' Compensation Board for self-insurer status must post this bond as part of that approval process. It applies to private employers seeking to self-insure — not to third-party administrators or insurance carriers. If the Board told you a surety bond is required, this is the one.
What is this Bond For?
This bond protects Indiana workers whose employers have elected self-insured status under the state workers' compensation program. It ensures that employees receive the medical benefits and wage replacement they are legally owed, even if the self-insured employer becomes insolvent or defaults. The Workers' Compensation Board of Indiana is the obligee — the entity holding you accountable through this bond. You, the employer-applicant, are the principal.
When is it Required?
Before the Workers' Compensation Board of Indiana will approve your self-insurer application, this bond must already be in place. You cannot begin operating as a self-insured employer until the Board has confirmed the bond is active and properly executed. Any lapse in coverage puts your self-insurer status at immediate risk. Secure the bond first, then move forward with the rest of your application.
Where Does it Apply?
This bond is a statewide Indiana requirement. It applies wherever your Indiana employees work, across all locations covered under your self-insurer approval. There is no county or municipal equivalent — the Workers' Compensation Board of Indiana administers this requirement for the entire state.
How to Buy Online
Click 'Buy This Bond Online' on this page and the secure surety portal will open in a new tab. Complete your application directly in the portal — no phone calls, no waiting on an agent. Once approved, your bond documents are issued and ready to submit to the Workers' Compensation Board.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for business owners who need the right bond fast, without chasing down an agent. Our nationwide catalog includes Indiana self-insurer bonds, and the entire purchase process happens online. No callbacks, no delays — just a straightforward path to the bond your approval requires.