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In Hawaii, employers must have workers’ comp insurance coverage for their employees, including temporary and part-time workers. This coverage ensures that all workers can receive benefits for work-related illnesses and injuries.
Having a workers’ compensation policy is required by law if you have a business with employees in Hawaii.
However, there are a few ways to save money:
Workers’ compensation in Hawaii is similar to most other states. You’ll first get a quote on workers’ comp from one or several insurance companies.
To finalize, you'll need to pick a policy, sign the papers and pay the premium,
After the year is over, you will have an audit to check if your payroll matched the original amount the policy was based one.
You will get a refund if you overpaid or a bill if you underpaid.
Workers' comp coverage also protects employers from legal action. This means that if an employee sues your business because of a workplace injury, the insurance will cover the legal costs of the case.
Most businesses will start by getting quotes from insurance agents. The agents will know which insurance companies are right for your business. At Kickstand Insurance, we can provide you with a nearly instant online quote.
If you are a very high risk business or have a bad claims history, insurance companies won’t be comfortable giving you an insurance policy. In that case, you can purchase it from the Hawaii Employers’ Mutual Insurance Company.
Some employers may also choose to self-insure against any workers’ compensation claims. This means you cover your own expenses instead of relying on an insurance carrier. This usually only makes sense for very large companies.
Most businesses must have workers’ comp in Hawaii. If they do not, there are consequences.
The business can face fines of $100 per employee per day with a minimum fine of $500. Companies can also be sued by workers who are injured on the job and wish to recover damages.
The Hawaii workers’ compensation death benefits are available to surviving families upon a qualifying employee death.
These include:
In Hawaii, spouses and children are eligible for death benefits. If none exist, dependent parents, siblings, grandparents, grandchildren, and non-dependent parents may get benefits.
Workers’ compensation settlements in Hawaii act as voluntary agreements between an employer and employee where they choose to resolve a claim for a lump sum payment.
This payment can help the employee pay for illness or injury costs. Structured payments may also be made in some cases. All settlements must be approved by the Hawaii Disability Compensation Division.
The statute of limitations is five years from the date of the injury and two years from the date the injury becomes apparent.
The two-year period starts at the moment when the injury becomes disabling, and the worker can no longer do their job. In acute injuries, this starts when the effects of the injury are felt. The timeline can be delayed for diseases.
Start by filling out a short online form about your business. We’ll use that info to get you an estimated quote. Then, one of our experienced agents will contact you to review the quote and make sure you are getting the absolutely lowest rate possible for your business. Once the quote is finalized, you’re ready to buy the policy - often with coverage starting that day!
Unlike other online insta-quote systems,
here your quote is reviewed by experts
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