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Business insurance is important to the success of your Hawaii setup. We never know when a company might find themselves reeling from an unexpected issue that slows down progress and takes a hit on your finances.
A business insurance compensates brands for damages. You can even claim it to pay legal fees and help with lost income during difficult times. The right type of coverage will keep you focused on growth. We shall take a look at nine companies that Hawaii business trusts the most.
Hiscox
The first company on our list is Hiscox. The Anglo-Bermudan insurance firm specializes in niche areas of the market and offers benefits such as property and casualty insurance, product recall,l and liability coverages to companies and high-net-worth individuals.
The company is known for providing personalized services to Hawaii-based businesses. When a business gets in touch with their experts, the firm collects information regarding their needs and creates a solution that meets all their requirements.
NEXT Insurance
Next Insurance provides 24/7 support to small business owners with insurance plans when they need it the most.
Next Insurance offers a wide range of business insurance products like general liability, professional liability, and commercial auto insurance. Their services cover more than 600 industries ranging from carpenters and accountants to personal trainers and restaurant owners.
NEXT Insurance continues to expand their services to cater to business types in Hawaii. You can get in touch with business experts and get the policy of your choosing.
Thimble
Thimble provides business insurance to freelancers, small businesses, and self-employed individuals through their smartphone app. The firm specializes in short-term coverage for periods ranging from one month to one day to just one hour.
The best part? applicants can get quotes within 60 seconds after submitting their details in a questionnaire.
Thimble covers more than 120 different professions such as event organizers, handymen & contractors, fitness professionals & personal trainers, cleaners & janitors, and consultants & freelancers.
Thimble has stated that 75% of its 30,000 customers never had business insurance previously. They have sold over 100,000 policies in coverage since they started providing their services in 2016.
Tivly
Tivly is a popular business insurance marketplace that assists Hawaii businesses to get in touch with the right insurance carrier to work. The marketplace gathers your information and connects a new business owner with a specific provider.
Their products include business owner’s policy, general liability insurance, commercial property insurance, business income insurance, workers’ compensation insurance, professional liability insurance, tools and equipment insurance, and commercial Auto Insurance.
The industries they cover include carpenters, chiropractors, construction companies, photography, retail, restaurant, tree trimming, trucking, vending machines, and warehouses. With Tivly by your side, you don’t have to worry about having your operations affected by unexpected hurdles.
InsuranceBee
InsuranceBee started its operation back in 2010 with a vision to help small business owners get liability insurance without hassle. The firm offers specialized insurance services to freelancers, and veterans in mind.
Their range of products includes professional liability, errors and omissions (E&O) reports, business owners’ policy (BOP), cyber liability, workers’ compensation, and commercial bonds. Their services are catered to individuals involved in the following professions:
- Lawn care businesses
- Mobile food vendors
- Cleaning businesses
- Real estate agents
- Consultants
- Janitorial businesses
- Landscaping business
Pyramid Insurance
Our qualified agents and staff have the knowledge and experience to protect your business. They assist Hawaii-based companies in finding the right insurance protection for their losses during business operations.
They have clients in wholesale/retail stores, food trucks, restaurants, contractors, apartments, and many others. Their insurance coverages include workers’ compensation, commercial general liability, commercial automobile, commercial property, TDI, umbrella and other specialty coverages.
Pyramid Insurance has been serving Hawaii businesses for the past 30 years. Being part of the Tradewind Group family of companies, Pyramid Insurance clients have expanded their services and resources with professional agents providing guidance that companies require.
Business Insurance Services, Inc
Business Insurance Services, Inc was founded in 1990 and is one of the largest local independent insurance firms. They offer Risk Management client advocacy along with claim-filing services, life and employee benefits, health insurance, disability and group life benefits.
Their expertise and dedication to providing reliable solutions to professionals have made it a trusted name in the industry and earned the reputation of being a “Trusted Choice Agency” .
Atlas Insurance Agency
Atlas Insurance Agency provides competitive benefits for small businesses in Hawaii. The agency has been serving the local business community for nine decades and is still going strong. Their team of business insurance experts tap into their extensive knowledge of the local industry to provide reliable solutions to clients.
The firm has deep roots in Hawaii and goes all out in providing helping firms with their insurance needs. They team with their partners to provide commercial auto insurance, business owners’ policy, commercial casualty insurance, and commercial property insurance, along with insurance risk control & claims management services to clients.
biBerk
biBerk assists small-business owners in Hawaii to get the appropriate insurance policies for their needs without having to pay extra costs or deal with any hassles. The company is part of Warren Buffett’s Berkshire Hathaway insurance group and works round the clock to help businesses find coverage that meets their needs.
Their products include general liability insurance, workers’ compensation, business owners’ policy (BOP), professional liability insurance (Errors and Omissions), commercial auto Insurance, cyber liability Insurance, employee benefits liability insurance, and others.
Brief Overview Of The Insurance Companies And Their Offerings
| Insurance Firm | Coverage Options | Unique Features |
| Hiscox | Property and casualty insurance, product recall and liability coverages | Personalized services |
| Next Insurance | General liability, professional liability, and commercial auto insurance | Covers more than 600 industries |
| Thimble | Business owner’s policy, general liability insurance, worker’s compensation and others | Short-term coverage for periods |
| Tivly | Business owner’s policy, general liability insurance, commercial property insurance, business income insurance, and others | It is a marketplace with 200 insurance carriers |
| InsuranceBee | Professional liability, errors and omissions (E&O) reports, business owners’ policy (BOP), cyber liability, workers’ Compensation | Personalized services to business of all sizes |
| Pyramid Insurance | Workers’ compensation, commercial general liability, commercial automobile, commercial property, TDI, | 30+ years of experience |
| Business Insurance Services, Inc | Life and employee benefits, health insurance, disability and group life benefits | Established as a “Trusted Choice Agency.” |
| Atlas Insurance Agency | commercial auto insurance, business owners policy, commercial casualty insurance, commercial property insurance, insurance risk control services and more | 90+ years of experience |
| biBerk | general liability insurance, workers’ compensation, business owners policy (BOP), professional liability insurance (errors and omissions), commercial auto Insurance, cyber liability Insurance, employee benefits liability insurance | It is part of Warren Buffett’s Berkshire Hathaway insurance group |
Top Cities in Hawaii To Get Business Insurance
Do you live or plan to set up a business in Hawaii? These cities are hotspots for business activities in the state and favourable for business insurance.
- Honolulu
- Pearl City
- Waipahu
- Hilo
- Kailua
- Kaneohe
- Kahului
- Mililani Town
- Kapolei
- Kihei
- Ewa Gentry
- Lahaina
- Waianae
Hawaii Government Resources for Business Insurance
Check out these government resources about business insurance for the state of Hawaii:
- Hawaii Insurance Division
- GoFarm Hawaii
- U.S. Small Business Administration (SBA) – Hawaii District
- Hawaii Department of Commerce and Consumer Affairs
- Hawaii Department of Agriculture
Conclusion
It is important that Hawaii businesses team up with the right insurance partner to maintain their financial well-being. These nine insurance-providing companies provide plans and benefits that companies at reasonable prices. With them at their side, Hawaii-based businesses don’t have to worry about unexpected things getting in the way of their progress and financial growth.
You can also take a look at Hawaii’s Top 11 Best Business Loans & Startup Financing Companies for other financing options. You can also get in touch with business insurance providers in Arkansas and leading commercial coverage providers in Alabama if youre planning on expanding your business successfully in these financial hubs. We at Sophisticated Investor provide insight and resources to streamline your operations and financial growth.
Brandi is a financial writer and entrepreneur with decades of expertise covering U.S. business and financial topics. Her work has been featured on Consumer Affairs, ASBN Small Business Network, Koho and many other top financial publications.
