Small Business Coverage and Peace of Mind
The island of Hawaii is known for its wild beauty—there’s stunning sunsets, year-round sunshine, miles of shorelines, rainforests, volcanoes and wide open valleys. There’s little wonder as to why tourism contributes approximately $10 billion each year to Hawaii’s economy.1 2 A fast-growing agriculture and aquaculture industry also makes up a portion of business in Hawaii. One-fifth of Honolulu County land is zoned for agriculture, and in 2002, Honolulu County had 30 aquaculture operations that produced $4.2 million in sales.3 Hawaii has a thriving economy, and while visitors may think of the island as an all-play and no-work destination, employees are hard at work on the island every day, which is why EMPLOYERS is here to provide workers’ compensation insurance for businesses across the Aloha state.
Is Workers’ Compensation Insurance Required for Hawaii Businesses?
In the state of Hawaii, if an employer has one or more employees, including full-time, part-time, permanent, or temporary employees, they are required to provide workers’ compensation insurance. There are some exceptions, including: voluntary and unpaid workers for a religious, charitable, education, or nonprofit organization; student workers performing services for a school, university, or college club in return for room, board, or tuition; duly ordained, commissioned, or licensed minister, priest, or rabbi; domestic workers earning less than $225 per calendar quarter; domestic workers of public welfare recipients; certain 25% stockholders and all fifty percent stockholders; and real estate salespersons and brokers paid solely on a commission basis.4
If an employer does not obtain the required workers’ compensation insurance they can be liable for fines. The penalty for failure to obtain coverage in Hawaii is not less than $500 or $100 for each employee for every day of non-coverage.4
Getting the Right Workers’ Compensation Insurance for your Hawaii Business
Beyond the legal requirements for Hawaii businesses, workers’ compensation insurance is a smart investment to help provide protection for both your employees and your business in the event of a workplace accident or occupational disease. When choosing an insurance carrier, look for a carrier that provides the right coverage at a competitive price and offers value added services such as:
- Loss control support that includes resources to help reduce workplace injuries and occupational diseases, improving productivity and long term profitability.
- Efficient claim handling that provides prompt service to injured workers while Claim Adjusters help control claim costs by working with the injured worker and physicians to help evaluate and administer the appropriate care.
- Fraud prevention resources can help mitigate workers’ compensation fraud and lower the cost of workers’ compensation insurance.
Getting Workers’ Compensation Insurance with EMPLOYERS
With operations from coast to coast, we provide insurance solutions for companies like yours. You can trust our 100+ years of experience exclusively serving the workers’ compensation insurance needs of America’s small businesses. We also offer many value added services such as cash flow assistance with flexible payment plans, loss control support and fraud prevention.
Workmans’ Comp Coverage You Need
Interested in how EMPLOYERS can help your Hawaii business? Talk to your agent and ask for EMPLOYERS workers’ compensation insurance, or request a quote online!
Thousands of small businesses trust EMPLOYERS for providing cost-effective workers’ compensation insurance for over a century. With our competitive pricing, financial stability and dependability, claims service, safety training and risk advisory programs, EMPLOYERS remains focused on keeping America’s small businesses not only working, but working safely.
1. Forbes. https://www.forbes.com/places/hi/
2. City-Data: Honolulu. http://www.city-data.com/us-cities/The-West/Honolulu-Economy.html
3. State of Hawaii: Animal Industry Division. https://hdoa.hawaii.gov/ai/aquaculture-and-livestock-support-services-branch/aquaculture-in-hawaii/
4. State of Hawaii: Disability Compensation Division. http://labor.hawaii.gov/dcd/frequently-asked-questions/