BNC: Construction Insurance Coverage Trends

Posted by John Cofini on Mon, Sep 12, 2022 @ 09:00 AM

Construction insurance rates have trended upward as claim values have increased, fueled by recent workforce upheaval, supply chain shortages, and record-high inflation. According to MarketScout Barometer, the contracting industry class experienced an average insurance rate increase of 6.2% in Q2.

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Tags: construction insurance, construction insurance trends