workers compensation photo

Workers Compensation can frustrating, irritating, and downright painful to the bottom line of a business. Most businesses with an employee are required by the State of Indiana to have a workers compensation policy so this subject can make businessowners feel backed into a corner.

The reality is that Worker Compensation is meant to protect the employee and its laws tend to be employee friendly so an active discussion about this subject can help a business’ future stability and profitability.

It is important to have an independent agent that creates value through relationship and high quality options. Most everyone starts at the bottom line premium, but let’s touch the surface on how we get there.

Here are the rating basics in a simple 3. 2. 1.

1. Carrier Rates – Carriers often have different filed industry specific class rates through the Indiana Department of Insurance. Payrolls are applied to these rates.

Recently, we worked with a prospective painting contractor with 25 employees that was with a carrier that had a filed rate 20% higher than one of our carriers. If they are bidding jobs with a higher cost/lower profit margin how do you think that would impact their business over the long term?

2. Schedule Modification Factor – Carriers in the State of Indiana can give a credit or debit modification of up to 50%.

How confident are you that your agent is advocating for you?

3. Experience Modification Factor – Many small/mid-sized businesses have a state calculated modification that is based on their company’s experience.

Do you know there are types of claims that affect it more than others? And that these types of claims can be preventable? A poor claims experience can haunt workers compensation premiums for years.

Have questions? Want an independent review of your workers compensation policy and services? Here’s your invitation.

Jeremy Hyde | Colligan & Company

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About the Author: Jeremy Hyde

Christian, MK/PK, Brother, Husband of a magnificent wife, Father of three sons and two daughters, Insurance dork, Sports and Racing fan, Competitor, Coach, Early riser, Grill-man, Yearner of sand dunes and Lake Michigan, Owner of a Yorkie named Gerald, Wannabe basketball player, Reluctant handyman, Car enthusiast, Admirer of passion and excellence and design...

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  1. Emerson Luechtefeld September 12, 2019 at 9:11 pm - Reply

    This is the right blog for anyone who wants to find out about workers compensation. You definitely put a new spin on a topic thats been written about for years. Great stuff!

  2. Tim Tinkham September 24, 2019 at 2:51 am - Reply

    Thanks for your write-up.

  3. Paul Whiton September 25, 2019 at 9:03 am - Reply

    Very interesting subject, thanks for putting up.

  4. Randal Camak September 29, 2019 at 4:01 pm - Reply

    I absolutely love your blog and find a lot of your post’s to be precisely what I’m looking for.

  5. Kylie Kishi November 23, 2019 at 4:43 am - Reply

    I was pretty pleased to find this great site. I need to to thank you for for this particularly wonderful read!! I definitely appreciated every little bit of it.

  6. Al Fenton December 2, 2019 at 10:49 am - Reply

    It absolutely useful and it has helped me out loads. Good job.

  7. Vert W January 28, 2020 at 7:53 am - Reply

    Great post. I was checking out this blog and I’m impressed! Extremely helpful insurance info. I was looking for this particular information for a very long time. Thank you and good luck.

  8. Anthony K February 1, 2020 at 1:26 am - Reply

    I like your website and insurance blog. Workers Compensation is a difficult subject. State Farm would not do my workers compensation!

  9. Chauncey February 1, 2020 at 5:00 pm - Reply

    It’s really a great and helpful piece of information on workers compensation. I’m satisfied that you just shared this useful info with us.

    Please stay us informed like this. Thank you for your help on business insurance issues here in Indiana.

  10. Abby Funyon February 13, 2020 at 7:48 pm - Reply

    Workers compensation is a difficult subject, this is a good start

  11. George P February 17, 2020 at 6:17 pm - Reply

    Many thanks, I appreciate it!

  12. Sam Schaulamen February 29, 2020 at 6:41 am - Reply

    This really answered my problem on workers comp, thank you!

  13. Ed March 27, 2020 at 1:30 pm - Reply

    It’s hard to find workers compensation insurance for us small business guys… thankful for other small agencies that will service the “small” businesses here in Fort Wayne… Ed

  14. Leo April 23, 2020 at 2:18 pm - Reply

    I wonder how COVID-19 affects workers compensation. That would be an interesting article.

  15. Freddy C April 24, 2020 at 9:53 am - Reply

    I haven’t bought workers compensation, I’ve always just gotten by with myself and a handful of employees but I get the feeling I should be buying this.

  16. Rosa L May 10, 2020 at 7:44 am - Reply

    Pretty! This has been an incredibly wonderful article.

    Many thanks for supplying this information on workers compensation.

  17. Virginia Ashcraft May 10, 2020 at 10:16 pm - Reply

    This is a nice summary on workers compensation, you need to talk with Colligan to know more though

  18. Mari May 19, 2020 at 3:45 am - Reply

    I’m glad you were able to help us with workers compensation. It stinks it’s a state requirement, but I understand now.

  19. Stella Commons May 28, 2020 at 10:17 am - Reply

    Finding a workers compensation agency is tough, glad you can help better than State Farm was able to help.

  20. Cece May 30, 2020 at 2:27 am - Reply

    Workers Compensation is more difficult than any of the captive agents should be trying to handle, go to an independent agency like Colligan

  21. Steve June 9, 2020 at 10:33 pm - Reply

    Heya! I realize businesses need to buy workers compensation but it’s expensive. I want to talk how to reduce these costs.

  22. Andy June 28, 2020 at 5:17 am - Reply

    You should look at workers compensation with a local insurance agent only

  23. Gonzo K July 4, 2020 at 4:46 pm - Reply

    This can get expensive so be sure to take care of your employees safety issues

  24. Jamika Synan July 5, 2020 at 2:20 pm - Reply

    Workers compensation can be hard to obtain, you made it easy!

  25. Ben Matthis July 14, 2020 at 6:31 am - Reply

    A small local independent agent is so nice to have for small businesses,especially for business insurance.

  26. Sandy Coheny July 16, 2020 at 12:11 am - Reply

    Getting workers compensation insurance can be difficult to get and understand, thanks for this

  27. Nathan Wonderland July 19, 2020 at 1:01 am - Reply

    Workers compensation is tricky and expensive but you need it

  28. Madelaine Ewart July 25, 2020 at 10:18 am - Reply

    Every business with employees needs to get this

  29. Rodrigo Alvardo July 31, 2020 at 9:25 pm - Reply

    Everyone things it’s expensive until the medical bills start to roll in from an injury

  30. Lavern Ketola August 1, 2020 at 12:43 pm - Reply

    Awesome :) Thanks on the Workers Compensation

  31. Dario Balfour August 7, 2020 at 4:27 am - Reply

    I have a concrete business I needed workers compensation and I had other agents have problems getting. Thanks Colligan

  32. Lauren Merchant August 9, 2020 at 6:49 am - Reply

    Thanks for getting me workers compensation.

  33. Kai Valerio August 15, 2020 at 9:28 pm - Reply

    Workers Comp Insurance…I don’t want to pay for it but I understand…

  34. Tandy Stookey August 17, 2020 at 11:39 am - Reply

    Thanks for the info work comp

  35. Sarah Fisher August 20, 2020 at 1:27 am - Reply

    Workers Comp can be a different beast in insurance. Talk w your agent.

  36. Izzy Smith August 20, 2020 at 1:28 am - Reply

    I’m really enjoying the design and layout of your blog. Good info on work comp

  37. Noella Permewan August 26, 2020 at 1:15 pm - Reply

    I’m grateful for the ease of business with Colligan. These guys get it done.

  38. Josette Prell October 3, 2020 at 12:08 pm - Reply

    Indiana workers compensation is required and now I know my claims impact my cost

  39. Marc Alcantar October 3, 2020 at 11:01 pm - Reply

    Workers compensation in Indiana is pretty cheap compared to other states.

  40. Amelia Fry October 4, 2020 at 3:15 am - Reply

    I got a rude awakening when I found out health insurance would not cover my employee’s work injury.

  41. Shelley C October 8, 2020 at 4:06 pm - Reply

    Workers compensation is confusing and I’m frustrated I have to buy it

  42. Brand October 9, 2020 at 6:03 am - Reply

    Workers comp in Indiana can be hard to find

  43. Emily Hill October 9, 2020 at 9:24 pm - Reply

    Colligan helped us with Workers Compensation Insurance when we were a start up company. Now we have over 40 employees.

  44. Greg Olson October 9, 2020 at 10:35 pm - Reply

    Workers compensation in Indiana is so much cheaper than Ohio

  45. Stephanie Ashlke October 9, 2020 at 10:48 pm - Reply

    Workers compensation is mandatory for companies with employees or they are on the hook if an employee gets hurt on the job.

  46. Dusty Heinrich October 10, 2020 at 5:52 am - Reply

    This makes sense mostly but why can’t health insurance just be all encompassing?

  47. Sammy Weatherhorn October 21, 2020 at 3:46 am - Reply

    I’ve seen some bad injuries on a construction site, you need this

  48. Vic November 10, 2020 at 3:35 pm - Reply

    Great, thanks for sharing this article. Awesome.

  49. Solo November 17, 2020 at 2:22 am - Reply

    Workers Compensation is expensive and really I hate paying for it but I really need to pay if my workers does not take the safety precautions I told him to take!?!

  50. Milagros Pick December 9, 2020 at 5:12 am - Reply

    I had an employee get hurt and I didn’t have workers comp

  51. Lynwood Magrath December 10, 2020 at 2:45 pm - Reply

    Lots of annoying regs by the government make it hard to start a business

  52. Markus December 23, 2020 at 6:03 am - Reply

    It’s appropriate time to make some plans for the future and it is time to be happy.

    I have read this put up and if I may just I desire to recommend you some interesting things or suggestions. Perhaps you could write subsequent articles regarding this article.

    I wish to read more issues!

  53. Catharine Corrie December 26, 2020 at 12:08 am - Reply

    You guys are a really good insurance agency

  54. Aura Skubik December 26, 2020 at 10:05 am - Reply

    This is important, thanks for the blog

  55. Glenna Stepp December 26, 2020 at 8:23 pm - Reply



  56. Marianne Gettinger December 30, 2020 at 9:00 pm - Reply

    I got what you intend, appreciate it for posting.

  57. Francisco Rochenstire January 2, 2021 at 5:14 pm - Reply

    There is a lot in here I still don’t understand. I’d like to setup a meeting to go over Workers Compensation for my business

  58. Laurene Gillert January 3, 2021 at 3:24 am - Reply

    Workers Compensation is messy and really hard to figure out. I need help

  59. Heike Marlow February 2, 2021 at 9:56 am - Reply

    Thanks for the comments on workers comp, good info, good start to discuss

  60. Leilani Haynie February 8, 2021 at 3:45 am - Reply

    Hello thanks for the good info on workers compensation. Keep it up and I’ll consider your insurance agency

    Thanks, Leilani Haynie

  61. Kerry W February 10, 2021 at 5:49 am - Reply

    Workers comp so confusing, this helps a little maybe

  62. Arie C February 10, 2021 at 8:36 am - Reply

    Workers Compensation is a tough line of insurance. thanks

  63. Nick February 10, 2021 at 2:49 pm - Reply

    Good website guys

  64. Gloria Peterson February 10, 2021 at 4:50 pm - Reply

    WOW. Amazing blog! Reading more..!!

  65. Elvis F February 10, 2021 at 8:03 pm - Reply

    I have 7 employees and just found out I should have workers compensation, upps! Good thing nothing happened!

  66. Jason February 14, 2021 at 4:17 am - Reply

    Wow, there are a ton of companies that don’t have workers compensation

  67. Fleta Tiller February 15, 2021 at 5:09 pm - Reply

    I had an employee get hurt, they sued me. I didn’t have any workers compensation. Ups

  68. Elli February 16, 2021 at 2:56 pm - Reply

    Many people just think this is just an easy thing, you need to pay attention or it will get really expensive really fast

  69. Noah February 18, 2021 at 7:47 am - Reply

    Workers compensation is an employee government requirement!

  70. Jack Russell February 27, 2021 at 9:30 pm - Reply

    There are many people that get hurt at work, this should be a requirement

  71. Keith W February 28, 2021 at 6:56 pm - Reply

    Work accidents happen, and the costs can get outrageous

  72. Kaylene Newcombe March 5, 2021 at 5:51 pm - Reply

    Everyone needs a quality workers compensation carrier

  73. Christy Heymann August 13, 2021 at 4:18 am - Reply

    I have a few questions on my workers compensation we have with Sentry Insurance, would you be willing to look at our program?

    Thanks, Christy Heymann

  74. Elsie Brown September 16, 2021 at 12:49 pm - Reply

    Good short article on workers compensation. Thanks

  75. Shirley Muntz September 18, 2021 at 6:14 pm - Reply

    Workers Compensation is the pits, I’ve wondered about this many times…

  76. Linda Vandergriff September 27, 2021 at 5:09 pm - Reply

    work injuries are a pain to deal with and costly

  77. Keith Harville September 28, 2021 at 5:34 am - Reply

    Thanks for the info, can get complicated can’t it

  78. Kayla Dones October 16, 2021 at 1:17 am - Reply

    workers compensation can get tricky and expensive!!!

  79. Joan Myers October 16, 2021 at 3:49 am - Reply

    Excellent post, I think various other website owners should learn a lot from this web
    site its really user-friendly and contains great articles.

  80. Lisa Briand October 17, 2021 at 3:07 pm - Reply

    I had an employee with a FAKE injury! But workers comp paid it anyways! It cost me thousands!!

  81. Teresa M November 23, 2021 at 7:25 am - Reply

    Hi there, I cannot tell you how frustrating workers compensation is. I need an agent like you. please reach out to me at

  82. Laverne McArthur December 28, 2021 at 7:08 am - Reply

    That’s a good short intro to workers compensation…

  83. Angel Robinson February 15, 2022 at 10:41 pm - Reply

    Workers Compensation can be tough… thanks

  84. Kent Marte March 2, 2022 at 10:01 pm - Reply

    nice short article on workers compensation, tough subject

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