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Inland Marine Insurance in Hawaiʻi

Hawaiʻi’s current state housing lease amendment gives a precise construction example: the lessee must procure inland-marine builder’s-risk cover for project improvements, including property in transit on or off the premises that will become part of the project. The Contractors License Board separately requires active contractors to maintain liability and workers’ compensation insurance. Those are different obligations and neither document establishes cover for a contractor’s own portable tools. Before work begins, separate materials becoming part of the project from equipment that stays yours, rented machinery and supplies, then reconcile each category with the contract and policy. 1,2

What Is Tools, Equipment And Inland Marine?

If your business moves equipment between sites or ships goods, inland marine can cover those property exposures; installation and other forms address different property categories. Match the quote to what you own, rent or hold for others. Read the national Tools, equipment and inland marine guide.

What to Watch for in Hawaii

  • Separate materials becoming part of the project from work gear

    The 2025 HHFDC lease amendment describes builder’s risk for improvements to be constructed and includes project property in transit off and on premises. It does not say the contractor’s drills, rented machines or consumables are insured by that project form. Ask the contract owner and insurer to identify each property interest. 1

  • Show the island and transfer points in writing

    For the cited Hawaiʻi lease, the inland-marine builder’s-risk clause expressly reaches project property in transit off premises and back, and calls for completed-value replacement-cost terms. List the shipping origin, inter-island or other transfer points, temporary storage and delivery point so the insurer can confirm the proposed form’s actual territory and period. 1

  • Keep contractor licensing insurance separate

    The Contractors License Board’s active-license instructions address continuous liability and workers’ compensation insurance, including a limited no-employee exclusion process. A contractor who satisfies that licensing checklist has not thereby shown that mobile tools or leased equipment are insured; ask for the relevant property forms and schedule. 2

Who Regulates Insurance in Hawaii

Hawaiʻi Insurance Division

The Insurance Division oversees insurance companies and producers, examines Hawaiʻi-based insurers, reviews rate and policy filings, and investigates insurance complaints. It is part of the Department of Commerce and Consumer Affairs. 3,4,5

Surplus-lines tax and stamping office

Reported tax rate: 4.68% of premium when Hawaiʻi is the home state Hawaiʻi applies a 4.68% tax when it is the insured’s home state. Surplus-lines coverage is placed with an unauthorized insurer, so do not assume the Hawaiʻi Insurance Guaranty Association protects the policy; confirm the insurer’s status and policy terms with your broker. 6,7

Providers With Documented State Licenses

These providers publish a national listing for Tools, equipment and inland marine; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Hawaii. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 13

Questions to Ask Before You Buy in Hawaii

  1. Which materials will become part of the improvement, and which tools, rented equipment or supplies remain contractor property?
  2. Does the builder’s-risk form include the project parties, values, transit legs, temporary storage and time before installation?
  3. What policy covers our own gear on barges, aircraft, inter-island shipment, job sites and overnight storage?
  4. Does the project contract require a named interest, evidence form, deductible allocation or written acceptance milestone?

Tools, Equipment And Inland Marine in Hawaii: FAQ

Does my Hawaiʻi contractor license insurance satisfy a customer’s inland-marine requirement? 2,1

Not by itself. The licensing page addresses liability and workers’ compensation. A separate project agreement may require property cover, and its specific form must be checked for the items, parties, routes and work phases it covers. 2,1

Does the state lease’s builder’s-risk clause cover all contractor tools? 1

The cited clause applies to property that should become part of the project and expressly includes that property in transit. It does not establish cover for every contractor-owned or rented tool; ask for the applicable form and schedule. 1

Tools, Equipment And Inland Marine in Other States

Other Coverage in Hawaii

Sources

  1. Hale O Laie Memorandum of Agreement Amendment, Exhibit C. Hawaiʻi Housing Finance and Development Corporation, Department of Business, Economic Development and Tourism; Executed lease amendment dated May 8, 2025, Exhibit C, §19, PDF pp. 36–37; Property and Builder’s Risk clauses. Accessed 2026-09-28.
  2. Maintain and Update Contractor Insurance Requirements. Hawaiʻi Department of Commerce and Consumer Affairs, Professional and Vocational Licensing; Active contractors; continuous liability and workers’ compensation, license forfeiture after failure to maintain and 60-day reinstatement period, and listed workers’ compensation exclusions. Accessed 2026-09-28.
  3. Insurance Division. Hawaiʻi Department of Commerce and Consumer Affairs; Official division homepage; scope, license search, complaints, contact information. Accessed 2026-09-28.
  4. Insurance Licenses and Registrations. Hawaiʻi Insurance Division; Insurance license information; links to state-based system for license applications and status. Accessed 2026-09-28.
  5. Filing a Complaint. Hawaiʻi Insurance Division; Online complaint form and published consumer phone. Accessed 2026-09-28.
  6. Surplus Lines Tax. Hawaiʻi Insurance Division; 4.68% rate and home-state application under HRS § 431:8-315. Accessed 2026-09-28.
  7. HRS § 431:16-105: Definitions. Hawaiʻi Legislature; Defines a member insurer as an insurer licensed or holding a certificate of authority in Hawaiʻi; cross-read with HRS § 431:8-102 and § 431:8-301 for unauthorized surplus-lines placements. Accessed 2026-09-28.
  8. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  9. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  10. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  11. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  12. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  13. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  14. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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