Best General Liability Insurance in Hawaii (2024)

MoneyGeek chose Hawaii's best general liability insurance companies by analyzing factors including price, customer satisfaction, financial stability and quote processing times. Thimble is the best and cheapest company overall in the state. For limited liability companies (LLCs) with 20 workers, its average monthly premium is about $51. For sole proprietors with no employees, it is approximately $22.

According to MoneyGeek ratings, Thimble is Hawaii's best general liability insurance provider, with a score of 93 out of 100. The table below shows how we rated each of the Hawaii companies we looked at, as well as their MoneyGeek scores and average premiums.

Thimble’s general liability insurance in Hawaii is the cheapest option in the state, at only $51 for LLCs and $22 for sole proprietors.

To assess companies in this area, we determined an affordability score that incorporates the monthly fees for LLCs and sole proprietors, each of which is weighted 50%. However, the company that received the cheapest overall rating might not be the most affordable for both sole proprietors and LLCs.

A MoneyGeek score of 91 out of 100 earned Thimble the top spot in terms of general liability insurance providers for Hawaii employers. The average monthly policy cost for this company is $51.

We ranked LLCs with 20 employees by average monthly cost. General liability insurance premiums can depend on staff numbers. Having fewer than 20 employees may cost less, while more than 20 employees could cost more.

With a 95 out of 100 score from MoneyGeek, Thimble is the top pick for Hawaii sole proprietors looking for general liability insurance. The average cost of insurance from this company is $22 per month.

Average costs for sole proprietors were used to calculate the rankings for companies in this category. General liability insurance premiums might be higher for those working in riskier areas like construction.

In contrast to workers' compensation and commercial vehicle insurance, general liability insurance is not mandated by state law. However, it may be necessary in order to acquire a company license or to be awarded contracts in some fields.

General liability insurance offers protection for the following:

• Third-party bodily injuries: General liability insurance can be used to help cover the medical expenses of customer injuries that happened on your business's property.
• Third-party property damage: General liability insurance will pay for repairs or replacement of damaged property that was caused by your business or its employees.
• Personal and advertising injury: If the company or its employees are sued for slander, libel or copyright infringement, the general liability insurance will cover the associated legal fees and damages.

In Hawaii, businesses with at least one employee are required to purchase workers' compensation insurance in addition to other types of business insurance. Furthermore, they must purchase commercial auto insurance for any company-owned vehicles they drive, with the following minimum limits:

• $20,000 per person
• $40,000 per accident for bodily injury
• $10,000 for property damage

In Hawaii, an LLC with 20 employees pays an average of $74 monthly for general liability insurance vs. $25 for a sole proprietor with no employees.

These rates are for a policy with an aggregate limit of $2 million, an occurrence limit of $1 million and a deductible of $0. The most that an insurer will pay out in claims over the policy period is its aggregate limit, whereas the maximum amount it will pay out for a single claim is its occurrence limit. The deductible is the amount of money business owners must spend out of their own pockets before their insurance policy kicks in.

General liability insurance prices vary depending on the type of business and these crucial elements:

Your specific business requirements and other variables will impact the best general liability insurance policy for your company. We answered some frequently asked questions about general liability insurance in Hawaii to provide you with more in-depth information.