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.
Industry Statistics & Market Size
Annual Growth 15-20
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
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... purchase to read more
Major products in this industry
Contractors general liability insuranceContractors workers compensation insuranceContractors other insurance
Examples of brands in this Industry
CNA Insurance (Loews Corporation)