2023 Construction Benchmark Report

Assurex Global 2023 Construction Benchmark Report

Is your construction company paying too much for insurance? How would you know unless you had data on your peers?

Click here to view the 2023 Assurex Global Key Findings and Trends. The 8-page report is a condensed version of the larger 139-page Assurex Global 2023 Construction Benchmark Report. Key findings in the report include:

• The percentage of firms purchasing excess liability limits $15 million or more increased by 50 percent over last year.
• The incidence of subcontractor default coverage increased compared to last year.
• Property rates tended to increase for small contractors in each specialty but decreased for larger firms.

The key insights is an excellent summary, but the Assurex Global Construction Benchmark Report goes into detail about insurance limits US Construction firms are buying as well as how much are those companies are paying (rates). The report details data on:

• Property Total Insured Value
• Property Deductibles
• General Liability Coverage Limits
• GL Rates
• Excess Liability Coverage Limits
• Auto Liability Coverage Limits
• D&O Liability Coverage Limits
• D&O Premium Rates
• Cyber Coverage Limits

Assurex Global is the world's largest privately held commercial insurance, risk management, and employee benefits brokerage group made up of prominent independent agents and brokers throughout the world. In total it represents $32 billion in annual premium volume and more than 600 Partner offices. R&R Insurance is the exclusive Wisconsin-based agency in the Assurex Global network.