As a plumber in Hawaii, having proper insurance coverage is essential for protecting your business, meeting state requirements, and securing contracts. Based on our analysis of over 900 quotes from leading carriers, we’ve developed this comprehensive guide to break down the crucial insurance coverages Hawaii plumbers need, including detailed cost information and coverage recommendations.
Find essential information about plumbing business protection options.
General Liability Insurance for Hawaii Plumbers
Based on our analysis of over 900 plumber quotes from leading carriers, here are the typical costs for Hawaii plumbers:
Average Annual Premiums by Revenue Size
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $4,600 | 3.1% | $4,500 | 2% |
| $500K | $13,100 | 2.6% | $10,200 | 22% |
| $1M | $23,000 | 2.3% | $14,300 | 38% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Mix of residential and commercial work
- Approximately 10% subcontractor costs
Worker’s Compensation Insurance for Hawaii Plumbers
Worker’s compensation insurance is mandatory for Hawaii plumbers with employees. Our analysis shows:
Premium Costs
- Average cost per employee: $12,080 annually
- Cost per $100K payroll: $3,900
Key factors affecting premiums:
- Employee classification (Code 5183 for plumbers)
- Total annual payroll
- Claims history
- Company safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Plumbers in Hawaii
1. Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- Standard limits: $100K per person/$300K per accident/$100K property damage
- Higher limits recommended ($500K-$1M)
2. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limits typically $5,000
3. Plumber Bonds
Typical bond premium rates:
| Bond Amount | Excellent Credit | Good Credit | Bad Credit |
|---|---|---|---|
| $5,000 | $100-$150 | $150-$200 | $200-$400 |
| $10,000 | $100-$300 | $300-$500 | $500-$1,000 |
| $15,000 | $150-$400 | $400-$750 | $750-$1,500 |
4. Commercial Property Insurance
- Annual premiums: $1,000-$5,000
- Covers buildings, tools, equipment, and inventory
- Premium based on property value and location risks
5. Business Owner’s Policy (BOP)
- Bundles general liability and commercial property coverage
- Often more cost-effective than separate policies
- Includes business interruption coverage
Get Hawaii Plumber Liability with ContractorNerd
ContractorNerd makes getting plumbing insurance in Hawaii simple, efficient, and data-driven. Our platform offers:
- Multiple quotes from leading carriers
- Side-by-side coverage comparison
- Plumbing-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy
Our team of plumbing insurance specialists helps you:
- Optimize coverage for your specific risks
- Find competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with Hawaii regulations
Contact ContractorNerd today for customized quotes tailored to your Hawaii plumbing business.