Contractors’ insurance protects against the financial risks present at all stages of business operations.
Construction is a dangerous but rewarding industry. When you are in the contracting business, you are also in the risk business. Generally speaking, the greater the risk, the greater the reward, making Hawaiian construction companies highly profitable for business owners that are successful at avoiding potential threats with the ability to damage property or cause harm to workers or third parties.
Unfortunately, not all operational risks are avoidable. Transferring them to a third-party construction insurer will protect a business’s financial assets in the event of an unforeseen lawsuit or claim.
We encourage Hawaii contractors, subcontractors, and specialty trades to visit the Department of Commerce and Consumer Affairs to verify all licensing and insurance prerequisites before conducting business operations.
With service you can rely on, our licensed professionals are available to assist Hawaii contractors with an affordable insurance quote that fits your budget and business needs.
Hawaii contractor general liability is foundational to a robust commercial insurance package.
Hawaii contractors’ general liability insurance protects business owners from injury and property damage claims due to company products, services, or operations.
A Hawaii contractors’ general liability policy — also known as Hawaii contractor business liability insurance — provides essential coverage for:
Hawaii contractors’ workers’ comp insurance provides wage loss compensation and medical care to employees who suffer work-related injuries.
Hawaii contractors’ workers’ compensation provides for:
Employers failing to obtain Hawaii contractor workers’ compensation insurance may be subject to fines and penalties.
Please visit the State of Hawaii Disability Compensation Division to confirm Hawaii contractors’ workers’ compensation rules and regulations.
A Hawaii contractor’s surety bond protects consumers, vendors, and other parties conducting business with a licensed contractor.
Hawaii contractor bonds are similar to a business line of credit that guarantees the principal (contractor) will comply with state laws and that all obligations are complete per the terms of the contract.
Various contractors may be required to post a Hawaii contractor surety bond to obtain a license or bid on a project.
Hawaii contractors’ commercial auto insurance protects construction companies from financial liability caused by damaged vehicles and injured occupants of an accident or vehicles damaged by vandalism or theft.
A Hawaii contractor business auto policy financially protects company-owned vehicles if an insured driver is liable for an at-fault accident.
Hawaii contractors’ commercial auto insurance provides crucial coverage for:
A Hawaii contractors’ tools and equipment policy — also known as a Hawaii contractors’ inland marine insurance — covers hand tools, equipment, business product, and material at a job site, in transit, or stored offsite.
Hawaii contractors’ tool and equipment insurance protect against a broad range of perils, including:
Hawaii contractor inland marine insurance can provide “installation” and “builders risk” coverage.