When it comes to Construction Insurance in Hawaii, the essentials boil down to three key factors: affordable coverage, superior service, and lightning-fast quotes. Whether you’re on the Big Island, Oahu, or Maui, Fairbanks Insurance Brokers delivers the perfect blend of all three. We understand the unique challenges faced by contractors across the islands, from building codes to tropical weather risks. Let’s break down everything you need to know about securing cheap yet comprehensive construction insurance in Hawaii.

What is Hawaii Construction Insurance? 🚧

Hawaii construction insurance (or contractor insurance) protects your business from potential financial losses caused by accidents, injuries, or property damage related to your projects. Whether you’re running a general contracting business or working as a specialty contractor, having the right insurance is crucial to staying compliant with local laws and protecting your business from costly claims.

At Fairbanks Insurance Brokers, we make it as easy as laying a concrete foundation on a calm day to get the coverage you need.

Why It’s Important 🛠️

Construction insurance isn’t just a checkbox for contractors in Hawaii—it’s a critical layer of protection that shields you from the unpredictable nature of the business. Here are the top reasons why construction insurance is essential:

• Financial Protection: Covers expenses related to claims of bodily injury or property damage caused by your operations.
• Client Confidence: Demonstrates professionalism and helps you secure bigger projects.
• Compliance: Keeps you in line with state regulations, including those set by the Hawaii Department of Commerce and Consumer Affairs (DCCA), Professional & Vocational Licensing Division.

Contractor Liability Insurance in Hawaii 🧰

Contractor Liability Insurance, also known as general liability insurance (CGL), is a crucial policy for protecting your business from unforeseen risks and financial losses. Whether working on a large construction project or a smaller renovation, liability insurance protects you from various claims, ensuring your business stays protected.

Why Do You Need Contractor Liability Insurance?

• Accident Coverage: Protects your business from third-party claims for injuries or property damage caused by your operations.
• Legal Defense: Covers legal fees, settlements, or judgments if you’re sued over accidents or damage related to your work.
• Project Compliance: Many clients and local governments require contractors to carry liability insurance before beginning a project.

Having the right liability coverage ensures your company can navigate potential legal and financial risks while continuing to grow in Hawaii’s thriving construction market.

Contractor License Bonds in Hawaii ⚒️

In Hawaii, certain trades require a contractor license bond to operate legally. A contractor license bond is a type of surety bond that acts as a financial guarantee between your business and the state. It ensures you’ll follow Hawaii’s contractor laws and regulations while protecting your clients if something goes wrong.

Bond Requirements for Hawaii Contractors

The minimum bond amount for a licensed contractor in Hawaii is $5,000, but a higher bond may be necessary depending on the type of work a contractor plans to perform. Rather than paying the full bond amount, contractors pay a fraction of this total, known as the bond premium. The bond helps to safeguard both the client and the contractor from potential legal and financial issues.

To get started, contact Fairbanks Insurance Brokers and speak with a licensed Bond Specialist who can guide you through the process and help you secure the right bond for your trade. We always encourage Hawaii contractors of all trades to visit the Department of Commerce and Consumer Affairs (DCCA) to ensure you’re meeting all state licensing and bond requirements. Their team ensures contractors meet the legal requirements to keep their businesses compliant and running smoothly.

Top Construction Classes We Serve 🛠️

At Fairbanks Insurance Brokers, we specialize in providing tailored insurance solutions for a wide range of trades. Our top Hawaii construction classes include:

• Landscaping Contractors
• Concrete Contractors
• Tree Trimming Contractors
• Painting Contractors
• Flooring Contractors
• Electrical Contractors
• HVAC Contractors
• Plumbing Contractors
• Roofing Contractors
• General Contractors

In addition to these trades, we also cover many other types of contractors across Hawaii. Whatever your trade, we understand your unique risks and offer customized insurance packages to fit your business. No matter the type of contractor, we’re here to help protect you.

Areas We Serve 🌋

We proudly serve contractors all across Hawaii’s major islands and surrounding areas. Whether you’re working on Oahu’s busy construction sites or handling jobs in more remote areas, we’ve got you covered.

Islands:

• Hawaii (Big Island)
• Oahu
• Maui
• Kauai
• Molokai
• Lanai

Cities:

• Honolulu
• Hilo
• Kailua-Kona
• Kahului
• Lihue
• Pearl City
• Waipahu
• Kailua
• Kapolei
• Wailuku

And their surrounding areas!

Safeguard Your Business with Hawaii Construction Insurance

From general to specialty contractors, we have you covered. Whether building a custom home in Maui or renovating a property in Honolulu, Fairbanks Insurance Brokers is here to help you navigate Hawaii’s construction insurance needs.

Let’s Get You Covered, Hawaii!

Ready to lock in your coverage? Call us today at (866) 805-3800 or visit us at www.contractorsinsurancecompany.com for a fast and easy quote.

Fairbanks Insurance Brokers — The Ultimate Source for Discount Contractors Insurance in Hawaii!