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Marsh: Most Construction Insurance Lines Firming

U.S. construction firms on average paid more for their insurance in the first half of 2013 as underwriters continue to seek price increases across the breadth of their contractor portfolios.

By staff Writer | Updated on November 18, 2013

U.S. construction firms on average paid more for their insurance in the first half of 2013 as underwriters continue to seek price increases across the breadth of their contractor portfolios, according to a report published by Marsh.

Pricing for contractors general liability, project-specific general liability, umbrella and excess liability, workers’ compensation, and residential construction insurance was up between 3 percent and 7 percent on average during the first half of the year, according to Marsh’s Construction Market Update—First Half 2013.

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