What happens if the workers’ compensation insurance carrier goes bankrupt?



Although workers’ compensation insurance carriers do go bankrupt on occasion, it is not the norm.

In the event your employer’s workers’ compensation carrier does go bankrupt or becomes financially unable to pay the benefits you are entitled to by the Workers’ Compensation Act, then you should contact the Workers’ Compensation Board or the Indiana Insurance Guaranty Association at (317) 636-8204 for further guidance.

Note: the Guaranty Association does not guarantee amounts owed by self-insured or uninsured employers.

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