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Over the past five years, the U.S. construction industry has undergone unprecedented growth. At that same time, the insurance markets have responded with premium increases and coverage reductions. Faced with this evolving risk and insurance landscape and an ongoing pressure to reduce costs, insurance buyers need to know how their insurance programs compare with those of the rest of the industry.
Marsh collects and maintains extensive benchmark data for a wide variety of industries and risks. Our information is collected, aggregated, and analyzed by our industry and risk practice experts across the country.
Marsh's Construction Practice has produced a new annual benchmark study, which compares the risk management and insurance programs of more than 200 buyers of insurance products in the construction industry in the United States. This report combines our most current benchmarking data into one single and uniform document focused on the construction industry. Benchmarking is an extremely valuable tool that helps us validate insurance-program design, renewal strategies, and pricing targets to achieve positive results for our clients.
Marsh’s Construction Risk Benchmark Report is intended to be a supplemental resource to help our clients make more informed decisions about their insurance programs. The report also outlines some of the recent trends in the insurance market for contractors and design firms and provides information on the major lines of coverage, including primary and excess casualty, professional liability, and environmental products.
To obtain a copy of the report please send an e-mail to .
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Contacts
Construction Practice
Construction Practice Leader
212 345 1867
Knowledge Manager
515 365 1316
Marsh Benchmarking
212 345 1870
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