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Indiana BOP: Ask About Mine Subsidence in 26 Counties

An Indiana BOP may package property, liability and business-income protection, but the Department of Insurance says standard policies do not cover mine subsidence. The state fund is available for home, farm and commercial property in 26 affected southwestern counties, subject to pre-loss coverage, a per-structure cap and deductible; contents and several other causes are excluded. Ask about this separately from the BOP and keep the property, liability and interruption limits distinct. 1,2,3

What Is Business Owner’S Policy?

A BOP may suit an eligible small business that wants property, liability and lost-income protection together. If you also need auto, workers’ compensation or professional liability, plan for separate coverage. Read the national Business owner’s policy guide.

What to Watch for in Indiana

  • Mine subsidence is an additional property purchase

    Indiana DOI identifies 26 affected counties along the Illinois Coal Basin and states that standard policies do not cover mine-subsidence claims. The separate fund coverage is available for commercial property, must be in place before damage, and has a $500,000 per-structure maximum with a 2% deductible ($250 minimum, $500 maximum). Check the address and compare this add-on with the BOP building limit. 3

  • Do not treat mine coverage as an inventory or income solution

    Indiana’s fund page excludes the structure’s contents, as well as land, crops, earthquakes, landslides, storm-sewer collapse and active mining. If a subsidence event could interrupt operations, ask separately how the BOP responds to covered physical damage and whether stock, equipment and income are addressed; the separate fund does not itself fill those gaps. 3,1

  • Classify the operation and quote each package section

    Indiana DOI tells small businesses to consider property and liability separately, and the national BOP guide says eligibility depends on business activities. Describe each location’s actual work, visitors, products, equipment and revenue; compare property values/deductibles, liability limits and the income trigger/payment period rather than relying on a single package price. 2,1

Who Regulates Insurance in Indiana

Indiana Department of Insurance

The Indiana Department of Insurance licenses and regulates insurance companies and producers, reviews rates and policies, and investigates consumer complaints. Its Consumer Services Division accepts complaints and the Department provides company and license searches. 4,5,6

Surplus-lines tax and stamping office

Reported tax rate: 2.5% of gross premium when Indiana is the home state Indiana’s surplus-lines premium tax is 2.5% when Indiana is the insured’s home state. Surplus-lines policies are outside Indiana guaranty-fund protection; before you buy, confirm the insurer’s identity and financial strength with your broker. 7,8,9,10

Providers With Documented State Licenses

These providers publish a national listing for Business owner’s policy; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Indiana. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • CorgiCorgi Insurance Services, Inc.Insurance producer · checked 2026-09-28Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. 13
  • ERGO NEXT InsuranceNext First Insurance Agency, Inc.Insurance producer · checked 2026-09-28ERGO NEXT’s current license table lists Next First Insurance Agency, Inc. in 50 jurisdictions, including Washington, DC; New York is excluded because its table rows name Next Insurance Services and AP Intego, not Next First. The table is company-reported; it does not establish product availability or provide state-regulator verification for each entry. 15
  • HiscoxHiscox Insurance Company Inc.Insurer · checked 2026-09-28Hiscox’s U.S. company information states that Hiscox Insurance Company Inc. is licensed in all 50 states and the District of Columbia. This is company-reported insurer authority for this entity and does not establish which company issues every Hiscox-branded product. 14
  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 17

Questions to Ask Before You Buy in Indiana

  1. Is Indiana mine-subsidence insurance part of a BOP?
  2. Which Indiana counties are eligible for separate mine-subsidence coverage?
  3. Does mine-subsidence coverage insure contents or business income?

Business Owner’S Policy in Indiana: FAQ

Does a BOP automatically cover mine subsidence in Indiana? 3,1

Indiana DOI says standard policies do not cover mine-subsidence claims and describes the fund as additional coverage. Confirm the location and separate limit and deductible with the agent; do not infer that a BOP property or income section covers it. 3,1

Does Indiana mine-subsidence insurance protect inventory and lost sales? 3,1

No. The state fund page says contents are excluded. Review the BOP’s own covered-property and business-income terms separately, including the covered-damage trigger and time limits. 3,1

Business Owner’S Policy in Other States

Other Coverage in Indiana

Sources

  1. What Is a Business Owner’s Policy? Spot; What Does a Business Owner’s Policy Cover?; Who Needs a Business Owner’s Policy?; How Do You Compare Coverage and Costs?; What Exclusions and Conditions Should You Check?; How Does It Compare With Related Coverage? Accessed 2026-09-28.
  2. Small Business Insurance. Indiana Department of Insurance; Other Insurance for Small Businesses: property insurance protects business from a loss; liability may be needed for lawsuit; source distinguishes its workers-comp statement from property/liability discussion. Accessed 2026-09-28.
  3. Mine Subsidence. Indiana Department of Insurance; Current page: 26 affected southwestern counties; standard policies do not cover mine subsidence; separate pre-loss coverage; $500,000 per structure cap and 2% deductible ($250 minimum/$500 maximum); contents and listed causes excluded. Accessed 2026-09-28.
  4. Indiana Department of Insurance. Indiana Department of Insurance; Official regulator homepage and insurance oversight. Accessed 2026-09-28.
  5. Company/Entity Financial Compliance. Indiana Department of Insurance; Official Company Lookup queries live department data on licensed entities; producer resources linked separately. Accessed 2026-09-28.
  6. Submit a Complaint Online. Indiana Department of Insurance; Online complaint portal and published consumer phone. Accessed 2026-09-28.
  7. Indiana Code § 27-1-15.8-4: Tax on surplus lines insurance. Indiana General Assembly; 2.5% tax and insured home-state application. Accessed 2026-09-28.
  8. Surplus Lines Agent Licensing. Indiana Department of Insurance; Official IDOI surplus-lines agent and company guidance; identifies surplus-lines insurers as companies not licensed to transact admitted insurance in Indiana and statutory eligibility conditions. Accessed 2026-09-28.
  9. Guaranty Associations & Funds. National Association of Insurance Commissioners; Overview of state guaranty-association scope and nonadmitted insurers. Accessed 2026-09-28.
  10. Guaranty Funds. Indiana Department of Insurance; Department description of Indiana P&C and life/health guaranty funds and their limits; together with the Department's surplus-lines company page distinguishing these nonauthorized companies from licensed insurers. Accessed 2026-09-28.
  11. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  12. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  13. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  14. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  15. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  16. About Risklytics. Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16.
  17. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  18. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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