How often must employers pay workers' compensation premiums?

Employers in Hawaii are required to pay workers' compensation premiums on a regular basis that can vary based on their specific circumstances and the arrangement with their insurance provider. The frequency of these payments can be monthly, quarterly, or annually, which provides flexibility for employers to manage their cash flow and align with their financial practices.

This approach also helps ensure that the insurance coverage remains active and that funds are consistently available for any claims that may arise. It’s important for employers to stay current with their premium payments to avoid lapses in coverage that could leave them vulnerable to financial penalties or claims not being honored.

Other options suggest less frequency or payment upon request, which doesn't align with the structured nature of premium payments mandated for maintaining workers' compensation insurance. Regular premium payments are a fundamental part of the system to ensure ongoing protection for both employees and employers.