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Building & Contents Insurance in the US Procurement Price, Data and Insights
Building & contents insurance, or property insurance, protects a business's physical assets from peril, including the building itself, furniture, equipment, inventory, landscaping, and outdoor signage. These assets are typically insured for damage, a natural disaster, loss, or theft. Suppliers in this market include direct insurance carriers, agents, and brokers, while buyers range from commercial and industrial businesses to retailers, government agencies, and educational institutions. This report focuses on commercial insurance policies and excludes consumer insurance, such as homeowner's insurance and any insurance coverage for personal property.
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What’s included in this market coverage
IBISWorld's research coverage on the Building & Contents Insurance procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Building & Contents Insurance market in the United States includes Homeowners Insurance, Renters Insurance, Landlord Insurance and Commercial Property Insurance. Standard coding in this coverage includes ISIC-6512-Non-life insurance, NACE-65.12-Non-Life Insurance, NAICS-524126-Direct Property and Casualty Insurance Carriers and UNSPSC-84131501-Building or building contents insurance.
What common market terminology is included?
Common market terminology included in the Building & Contents Insurance procurement coverage includes Premium (The price per policy that the buyer must pay on an annual basis for coverage.), Policyholder (The owner of the insurance policy. The policyholder is responsible for paying the premium for coverage and receives any payouts from claims.), Risk Exposure (The potential losses that a buyer could incur from an event that triggers a claim.), Deductible (The amount of money that the policyholder must pay before the insurance provider pays out a claim.), Replace-as-New Policy (An insurance policy in which the buyer's lost equipment is replaced with brand new equipment.) and National Association of Insurance Commissioners (NAIC) (A group governed by the chief insurance regulators in the United States that dictates standards, regulatory support and best practices.).
What companies are included as top suppliers?
The top companies covered in the Building & Contents Insurance procurement report as suppliers are Liberty Mutual Insurance Group Inc., Aon Plc, Marsh & Mclennan Companies, Inc., American International Group, Inc. and Chubb Limited.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Building & Contents Insurance market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per year, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Building & Contents Insurance market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Building & Contents Insurance procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Building & Contents Insurance market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Building & Contents Insurance market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Building & Contents Insurance?
The 2026 benchmark market price for Building & Contents Insurance is $1306 per year. Prices have increased at a CAGR of 2.61 from 2023-26.
Who are the top vendors in the Building & Contents Insurance market?
The top vendors in the Building & Contents Insurance market include Liberty Mutual Insurance Group Inc., Aon Plc, Marsh & Mclennan Companies, Inc., American International Group, Inc. and Chubb Limited.
What industries supply the Building & Contents Insurance market?
The top industries supplying the Building & Contents Insurance market are Commercial Leasing in the US, Residential Property Managers in the US, Computer & Packaged Software Wholesaling in the US, Computer Manufacturing in the US, Portfolio Management & Investment Advice in the US, Custody, Asset & Securities Services in the US, Reinsurance Carriers in the US and Insurance Brokers & Agencies in the US.
What is the supply chain risk for Building & Contents Insurance?
Low vendor risk supported by steady demand and profitability. Suppliers in this market benefit from consistent demand and generally healthy profit margins, which reduce the likelihood of financial instability or service disruption. However, profits are narrowing as insurers allocate more revenue toward claims and benefits payouts. Buyers still benefit from stable vendor relationships but should monitor financial trends when entering long-term agreements.
What factors affect the price of Building & Contents Insurance?
The type of coverage significantly affects insurance pricing, with broader policies covering risks like natural disasters or theft leading to higher premiums. For example, a commercial building insurance policy with replacement cost coverage for structural damage is more expensive than one that only covers actual cash value, which accounts for depreciation.
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