As a painter in Hawaii, having proper insurance coverage is crucial for protecting your business and meeting state requirements. This comprehensive guide breaks down essential insurance coverages Hawaii painters need, including costs based on our analysis of actual quotes from leading carriers.
Seal your success by learning more about painter business coverage.
General Liability Insurance for Hawaii Painters
General liability insurance protects your painting business from third-party claims of property damage and bodily injury. Based on our analysis of over 1,100 painter quotes, here are the typical costs for Hawaii painters:
Average Annual Premiums by Revenue Size
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,800 | 1.2% | $1,500 | 17% |
| $500K | $4,700 | 0.9% | $3,400 | 28% |
| $1M | $9,400 | 0.9% | $6,800 | 28% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Typical mix of residential and commercial work
- Approximately 10% subcontractor costs
Worker’s Compensation Insurance for Hawaii Painters
Worker’s compensation insurance is required for Hawaii painters with employees. Based on our analysis, Hawaii painting contractors typically pay around $2,612 per employee annually for workers’ compensation coverage.
Per $100,000 of payroll, Hawaii painters can expect to pay approximately $7,480 for workers’ compensation insurance.
Key premium factors include:
- Employee classification codes (primarily code 5474 for painters)
- Annual payroll
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Painters in Hawaii
Beyond general liability and workers’ compensation, Hawaii painters should consider:
1. Commercial Auto Insurance
- Coverage for business vehicles used in painting operations
- Typical cost: $1,500-$3,050 per vehicle annually
- Standard limits: $100K per person, $300K per accident, $100K property damage
2. Tools & Equipment Coverage
- Protects painting equipment and tools
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
3. Commercial Property Insurance
- Protects offices, storage facilities, and paint inventory
- Annual premiums: $1,000-$5,000
- Coverage based on property value and location
4. Contractors’ E&O Insurance
- Covers claims related to business mistakes and negligence
- Annual premiums: $50-$500
- Policy limits: $10,000-$1M+
5. Surety Bonds
- Premium costs vary by credit score and bond amount
- Typical bond amounts: $5,000-$25,000
- Annual cost: 1-3% of bond amount
Get Hawaii Painter Liability with ContractorNerd
ContractorNerd specializes in making liability and business insurance simple, efficient, and data-driven for Hawaii painters. Our platform offers:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Painter-specific expertise and guidance
- Streamlined application process
- Ongoing policy management support
- Claims advocacy when needed
Our team of painting insurance specialists understands Hawaii’s unique requirements and can help you:
- Optimize coverage levels based on your specific risks
- Find competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with state regulations and contract requirements
To get started with tailored quotes for your Hawaii painting business, visit our online quote tool or speak with one of our painter insurance specialists today.