The Hawaii Disability Compensation Division states that workers’ compensation insurance is required for businesses with one or more employees. This includes full-time, part-time, permanent and temporary workers.
With insurance for workers’ comp, Hawaii employers are protected from the financial liability that can result from employee accidents or illness on the job. In addition, business owners are not subject to civil actions from employees for work-related injuries and illnesses.
In addition to carrying workers’ comp coverage, employers in Hawaii must:
To maintain the required insurance for workers’ comp, Hawaii businesses can’t use a policy from another state. Employers are required to hold workers’ compensation coverage from a carrier authorized to transact insurance in the state of Hawaii.
In the event of a work-related injury or illness, Hawaii workers’ compensation insurance coverage can help pay for:
Several types of workers’ compensation income benefits are available in Hawaii, including:
In incidents when an employee dies due to a work-related injury or illness, death benefits may be paid to a surviving spouse or dependent children.
Hawaii employers who do not have the required workers’ compensation insurance may be subject to fines. The penalty for failure to obtain coverage is $100 for each employee for each day without coverage, with a minimum fine of $500.
If an employee gets hurt on the job when you don’t have coverage, you could be subject to serious financial risk. The injured workers may file civil action against you and submit a claim to the state’s division of workers’ compensation.
Workers’ compensation costs vary across industries. Factors that influence price include:
Get a free instant quote in about 10 minutes from NEXT to see your workers’ comp insurance costs.
There are certain types of employment which are excluded from the workers’ compensation coverage requirement in Hawaii, including:
Although employers are not required to have workers’ comp insurance for these excluded employees, they may still decide to obtain coverage to protect their business from potential financial risks.
While insurance for employees is required, some business owners are exempt from the insurance requirement for insuring themselves according to Hawaii Workers’ Compensation Law. This includes:
If you fall into one of these categories, you may still want to consider getting workers’ comp insurance since it could provide coverage if you’re hurt or become ill on the job.
For example, if you own a small retail store and fall off a ladder while restocking shelves and injure your back, your recovery takes several weeks. Workers’ comp could help cover your medical expenses and lost wages while your store is closed.
NEXT strives to resolve every claim quickly. Learn more about our claims process and how our claims advocates will work with you after an employee injury.
General liability insurance protects your business from common mistakes or accidents, such as customer injury or damages to someone’s property.
If you or your employees drive vehicles for work, you probably need commercial auto insurance. This provides coverage for accident-related expenses in a business-owned vehicle or a personal vehicle being used for work purposes.
Commercial property insurance can provide financial help if your business structures, goods, gear or inventory are damaged or destroyed by a covered event.
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