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 Locations Chapter
The distribution of industry establishments is largely determined by population trends. Larger and more populated states tend to have more industry establishments than their smaller counterparts. Population density is also an important indicator of the number of establishments in each state. States with low density tend to have more establishments per individual in comparison to more densely populated regions. In contrast, densely populated states have larger offices and fewer establishments.
In addition to population, the industry is also influenced by regulatory requirements and premium prices. States with higher premiums and less regulation tend to have more establishments; however, higher premiums are often associated with greater risks... purchase to read more