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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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
Revenue
$10bn
Annual Growth 08-13
-0.7%
Annual Growth 13-18
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Profit
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Employment
670
Businesses
100
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 Analysis Chapter

The Contractor's Insurance industry revenue has fallen at an average annual rate of 0.7% in the five years to 2013 to total $10.4 billion. During this time, weak underlying construction and subdued employment hampered industry growth. However, regulation and occupational health and safety standards have curbed the industry's decline throughout the past five years. Such measures have bolstered regulatory requirements for contractors' insurance.

Structure

Employers in the construction sector purchase insurance from the Contractors' Insurance industry to cover damages resulting from accidents and mistakes on job sites... 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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