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Construction Liability Insurance-Global Market Insights and Sales Trends 2025

Construction Liability Insurance-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1829572

No of Pages : 124

Synopsis
The global Construction Liability Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Construction Liability Insurance in various end use industries. The expanding demands from the Coverage: Up to $1 Million, Coverage: $1 Million to $5 Million, Coverage: $5 Million to $20 Million and Coverage: Over $20 Million, are propelling Construction Liability Insurance market. D&O Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the E&O Insurance segment is estimated at % CAGR for the next seven-year period.
The factors behind the use of construction liability insurance include:

1. Risk management: Construction liability insurance helps contractors and construction companies manage and mitigate potential risks and liabilities associated with construction projects. It provides coverage for bodily injury, property damage, and other liabilities that may arise during construction activities, protecting businesses from financial losses or legal claims.

2. Contractual requirements: Many construction contracts, particularly those with government organizations or large-scale projects, require contractors to carry specific types and levels of liability insurance. Compliance with these contractual requirements is essential for securing contracts and ensuring legal and financial protection in the event of accidents or damages.

3. Legal and regulatory compliance: Construction liability insurance is often mandated by law or regulatory authorities in many jurisdictions. Maintaining appropriate insurance coverage ensures compliance with legal and regulatory requirements, avoiding penalties or potential project delays.

4. Protection against third-party claims: Construction projects involve various stakeholders, including clients, subcontractors, and the public. Construction liability insurance provides coverage in the event of third-party claims, such as accidents, injuries, or property damage caused by construction activities. This protects the contractor or construction company from costly litigation and potential financial losses.

5. Financial security and project financing: Construction liability insurance can provide financial security for construction projects, giving lenders and project stakeholders confidence in the contractor's ability to handle potential liabilities. Having insurance coverage can also facilitate project financing, as it demonstrates risk management practices and safeguards against unforeseen liabilities.

6. Reputation and credibility: Construction liability insurance enhances a contractor's reputation and credibility in the industry. It demonstrates that the contractor is responsible, financially stable, and committed to protecting clients and project stakeholders from potential risks and liabilities. This can improve the contractor's competitiveness and attract more clients and projects.

7. Peace of mind: Construction projects are inherently complex and involve various risks and uncertainties. Construction liability insurance provides peace of mind to contractors, owners, and project stakeholders by mitigating potential financial losses and legal liabilities. It allows them to focus on project execution and delivery without the constant worry of unforeseen risks and liabilities.

8. Industry best practices: Construction liability insurance aligns with industry best practices for risk management and project delivery. It reflects a commitment to professional standards and responsible business practices, ensuring legal compliance, and addressing the unique risks and challenges involved in construction projects.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Construction Liability Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Construction Liability Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Construction Liability Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Construction Liability Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Construction Liability Insurance covered in this report include Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers and Assicurazioni Generali, etc.
The global Construction Liability Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Chubb (ACE)
AIG
Hiscox
Allianz
Tokio Marine Holdings
XL Group
AXA
Travelers
Assicurazioni Generali
Doctors Company
Marsh & McLennan
Liberty Mutual
Medical Protective
Aviva
Zurich
Sompo Japan Nipponkoa
Munich Re
Aon
Beazley
Mapfre
Old Republic Insurance Company
Global Construction Liability Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Construction Liability Insurance market, Segment by Type:
D&O Insurance
E&O Insurance
Global Construction Liability Insurance market, by Application
Coverage: Up to $1 Million
Coverage: $1 Million to $5 Million
Coverage: $5 Million to $20 Million
Coverage: Over $20 Million
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Construction Liability Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index
1 Market Overview of Construction Liability Insurance
1.1 Construction Liability Insurance Market Overview
1.1.1 Construction Liability Insurance Product Scope
1.1.2 Construction Liability Insurance Market Status and Outlook
1.2 Global Construction Liability Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Construction Liability Insurance Market Size by Region (2018-2029)
1.4 Global Construction Liability Insurance Historic Market Size by Region (2018-2023)
1.5 Global Construction Liability Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Construction Liability Insurance Market Size (2018-2029)
1.6.1 North America Construction Liability Insurance Market Size (2018-2029)
1.6.2 Europe Construction Liability Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Construction Liability Insurance Market Size (2018-2029)
1.6.4 Latin America Construction Liability Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Construction Liability Insurance Market Size (2018-2029)
2 Construction Liability Insurance Market by Type
2.1 Introduction
2.1.1 D&O Insurance
2.1.2 E&O Insurance
2.2 Global Construction Liability Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Construction Liability Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Construction Liability Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Construction Liability Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Construction Liability Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Construction Liability Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Construction Liability Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Construction Liability Insurance Revenue Breakdown by Type (2018-2029)
3 Construction Liability Insurance Market Overview by Application
3.1 Introduction
3.1.1 Coverage: Up to $1 Million
3.1.2 Coverage: $1 Million to $5 Million
3.1.3 Coverage: $5 Million to $20 Million
3.1.4 Coverage: Over $20 Million
3.2 Global Construction Liability Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Construction Liability Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Construction Liability Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Construction Liability Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Construction Liability Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Construction Liability Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Construction Liability Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Construction Liability Insurance Revenue Breakdown by Application (2018-2029)
4 Construction Liability Insurance Competition Analysis by Players
4.1 Global Construction Liability Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Construction Liability Insurance as of 2022)
4.3 Date of Key Players Enter into Construction Liability Insurance Market
4.4 Global Top Players Construction Liability Insurance Headquarters and Area Served
4.5 Key Players Construction Liability Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Construction Liability Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Chubb (ACE)
5.1.1 Chubb (ACE) Profile
5.1.2 Chubb (ACE) Main Business
5.1.3 Chubb (ACE) Construction Liability Insurance Products, Services and Solutions
5.1.4 Chubb (ACE) Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 Chubb (ACE) Recent Developments
5.2 AIG
5.2.1 AIG Profile
5.2.2 AIG Main Business
5.2.3 AIG Construction Liability Insurance Products, Services and Solutions
5.2.4 AIG Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 AIG Recent Developments
5.3 Hiscox
5.3.1 Hiscox Profile
5.3.2 Hiscox Main Business
5.3.3 Hiscox Construction Liability Insurance Products, Services and Solutions
5.3.4 Hiscox Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Allianz Recent Developments
5.4 Allianz
5.4.1 Allianz Profile
5.4.2 Allianz Main Business
5.4.3 Allianz Construction Liability Insurance Products, Services and Solutions
5.4.4 Allianz Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Allianz Recent Developments
5.5 Tokio Marine Holdings
5.5.1 Tokio Marine Holdings Profile
5.5.2 Tokio Marine Holdings Main Business
5.5.3 Tokio Marine Holdings Construction Liability Insurance Products, Services and Solutions
5.5.4 Tokio Marine Holdings Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 Tokio Marine Holdings Recent Developments
5.6 XL Group
5.6.1 XL Group Profile
5.6.2 XL Group Main Business
5.6.3 XL Group Construction Liability Insurance Products, Services and Solutions
5.6.4 XL Group Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 XL Group Recent Developments
5.7 AXA
5.7.1 AXA Profile
5.7.2 AXA Main Business
5.7.3 AXA Construction Liability Insurance Products, Services and Solutions
5.7.4 AXA Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 AXA Recent Developments
5.8 Travelers
5.8.1 Travelers Profile
5.8.2 Travelers Main Business
5.8.3 Travelers Construction Liability Insurance Products, Services and Solutions
5.8.4 Travelers Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Travelers Recent Developments
5.9 Assicurazioni Generali
5.9.1 Assicurazioni Generali Profile
5.9.2 Assicurazioni Generali Main Business
5.9.3 Assicurazioni Generali Construction Liability Insurance Products, Services and Solutions
5.9.4 Assicurazioni Generali Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 Assicurazioni Generali Recent Developments
5.10 Doctors Company
5.10.1 Doctors Company Profile
5.10.2 Doctors Company Main Business
5.10.3 Doctors Company Construction Liability Insurance Products, Services and Solutions
5.10.4 Doctors Company Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 Doctors Company Recent Developments
5.11 Marsh & McLennan
5.11.1 Marsh & McLennan Profile
5.11.2 Marsh & McLennan Main Business
5.11.3 Marsh & McLennan Construction Liability Insurance Products, Services and Solutions
5.11.4 Marsh & McLennan Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Marsh & McLennan Recent Developments
5.12 Liberty Mutual
5.12.1 Liberty Mutual Profile
5.12.2 Liberty Mutual Main Business
5.12.3 Liberty Mutual Construction Liability Insurance Products, Services and Solutions
5.12.4 Liberty Mutual Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Liberty Mutual Recent Developments
5.13 Medical Protective
5.13.1 Medical Protective Profile
5.13.2 Medical Protective Main Business
5.13.3 Medical Protective Construction Liability Insurance Products, Services and Solutions
5.13.4 Medical Protective Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Medical Protective Recent Developments
5.14 Aviva
5.14.1 Aviva Profile
5.14.2 Aviva Main Business
5.14.3 Aviva Construction Liability Insurance Products, Services and Solutions
5.14.4 Aviva Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 Aviva Recent Developments
5.15 Zurich
5.15.1 Zurich Profile
5.15.2 Zurich Main Business
5.15.3 Zurich Construction Liability Insurance Products, Services and Solutions
5.15.4 Zurich Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 Zurich Recent Developments
5.16 Sompo Japan Nipponkoa
5.16.1 Sompo Japan Nipponkoa Profile
5.16.2 Sompo Japan Nipponkoa Main Business
5.16.3 Sompo Japan Nipponkoa Construction Liability Insurance Products, Services and Solutions
5.16.4 Sompo Japan Nipponkoa Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 Sompo Japan Nipponkoa Recent Developments
5.17 Munich Re
5.17.1 Munich Re Profile
5.17.2 Munich Re Main Business
5.17.3 Munich Re Construction Liability Insurance Products, Services and Solutions
5.17.4 Munich Re Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.17.5 Munich Re Recent Developments
5.18 Aon
5.18.1 Aon Profile
5.18.2 Aon Main Business
5.18.3 Aon Construction Liability Insurance Products, Services and Solutions
5.18.4 Aon Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.18.5 Aon Recent Developments
5.19 Beazley
5.19.1 Beazley Profile
5.19.2 Beazley Main Business
5.19.3 Beazley Construction Liability Insurance Products, Services and Solutions
5.19.4 Beazley Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.19.5 Beazley Recent Developments
5.20 Mapfre
5.20.1 Mapfre Profile
5.20.2 Mapfre Main Business
5.20.3 Mapfre Construction Liability Insurance Products, Services and Solutions
5.20.4 Mapfre Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.20.5 Mapfre Recent Developments
5.21 Old Republic Insurance Company
5.21.1 Old Republic Insurance Company Profile
5.21.2 Old Republic Insurance Company Main Business
5.21.3 Old Republic Insurance Company Construction Liability Insurance Products, Services and Solutions
5.21.4 Old Republic Insurance Company Construction Liability Insurance Revenue (US$ Million) & (2018-2023)
5.21.5 Old Republic Insurance Company Recent Developments
6 North America
6.1 North America Construction Liability Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Construction Liability Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Construction Liability Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Construction Liability Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Construction Liability Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Construction Liability Insurance Market Dynamics
11.1 Construction Liability Insurance Industry Trends
11.2 Construction Liability Insurance Market Drivers
11.3 Construction Liability Insurance Market Challenges
11.4 Construction Liability Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List

Published By : QY Research

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