Contractors' Insurance in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Contractors' Insurance Market Research Report | Advisory & Financial Services | Specialist Insurance Lines | Apr 2013

Under cover: As construction picks up, jobs for contractors will rise, requiring more industry insurance

IBISWorld’s Contractors' Insurance market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
AIG AIG market share
Liberty Mutual Group Inc. Liberty Mutual Group Inc. market share
The Travelers Companies Inc. The Travelers Companies Inc. market share
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
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Industry Analysis & Industry Trends

With strong reliance on the construction market, this industry faced steep declines in the five years to 2013, particularly during the recession. However, as the construction market continues to recover from its recessionary lows, and employment in the United States continues to rise, the Contractors' Insurance industry will grow in the five years to 2018. The industry's technological change and innovation will continue to remain low, despite the implementation of some online services.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Contractors' Insurance industry is in the mature stage of its life cycle. Demand is largely tied to the value of construction; therefore, the industry has a high level of market acceptance, a key characteristic of maturity. In the 10 years to 2018, industry value added (IVA), which measures the industry's contribution to the economy, is projected to grow at an annualized rate of 0.5%. In comparison, US GDP is forecast to rise at an annualized rate of 2.1% during the same period. Although the industry is growing slower than the economy as a whole, the sluggish growth is primarily due to the unprecedented drop in demand from construction markets during the recession. Additionally, pricing cycles and investment activity often skew insurer revenue... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Contractors' Insurance Industry?

This industry includes companies that underwrite workplace risks for contractors in the construction sector. These companies generally cover the insured in the case of a loss stemming from contractor or subcontractor negligence on the job. This report excludes a discussion of construction bonding such as surety bonds.

Industry Products
Contractors general liability insuranceContractors workers compensation insuranceContractors other insurance
Industry Activities
Directly underwriting insurance for construction contractorsManaging insurance claims from contractorsMarketing contractors' insurance

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