Connect Business Income & Extra Expense to the Operation
Tourism, hospitality, restaurants, construction, retail, real estate, and professional services depend heavily on island infrastructure and imported supplies.
What the Coverage Can Help Address
- Lost operating income
- Continuing necessary expenses
- Extra expense to reduce downtime
Questions to Review
- Realistic period of restoration and extended income needs
- Payroll, ordinary payroll, rents, and continuing expenses
- Utility, supplier, customer, civil authority, and dependent-property exposure
Turn Hawaii Conditions Into Specific Questions
Property and Catastrophe Review
A property review should address wind, coastal water, roof, opening-protection, and restoration-time assumptions; wildfire access, defensible space, smoke, utilities, and evacuation conditions; ground movement, structural resilience, utility interruption, and access. Values and business-income assumptions should reflect current rebuilding and reopening timelines.
Business Continuity and Income
Continuity planning should examine remote access, contractor availability, replacement lead times, and alternate operating locations; critical suppliers, cargo flows, inventory concentration, and alternate sourcing; peak-season revenue, reservations, events, staffing, and the cost of downtime. The submission should explain practical alternatives if a primary location, supplier, or system becomes unavailable.
Vehicles, Travel, and Mobile Operations
Businesses should review vehicle schedules, driver selection, routes, radius, cargo, and loss history; job-site travel, hired and non-owned vehicles, mobile equipment, and subcontractor controls. Current vehicle, driver, and loss information helps distinguish the actual operation from a generic fleet description.
Information to Prepare
- Income statements and revenue trends
- Continuing expenses and payroll structure
- Continuity plan, critical equipment, suppliers, and recovery timeline
Submission Priorities
- A current statement of values by location, including building, contents, equipment, stock, and business-income amounts where applicable
- A concise description of operations, ownership, revenue, payroll, customers, contracts, and changes since the prior policy term
- Currently valued loss runs with an explanation of corrective action, open claims, and changes made after significant losses
- Property protection details that address hurricane, flood, wildfire, and volcanic conditions and the expected time to repair or replace critical assets
- Vehicle and driver schedules, operating radius, commodities or equipment carried, safety controls, and accident history
Frequently Asked Questions
What should a Hawaii business prepare for a business income & extra expense review?
Prepare current operational information, values or payroll where relevant, requested limits, contracts, and currently valued loss history. Income statements and revenue trends; Continuing expenses and payroll structure; Continuity plan, critical equipment, suppliers, and recovery timeline.
Does this page state what insurance is legally required in Hawaii?
No. This is general insurance-planning information, not legal advice or a statement of state-specific requirements. Requirements and availability should be confirmed for the individual business.
Coverage descriptions are general. Eligibility, availability, terms, conditions, limits, deductibles, and exclusions vary by account and insurance market.