Construction Insurance Market is Expanding Rapidly with Promising Growth Prospects

The Global Construction Insurance Market Size is estimated to register 7.5% growth over the forecast period from 2023 to 2030.

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Construction insurance is designed to protect assets and liabilities arising during the way of construction. The policy is implemented under two cover sections including it protects construction work like material, tools, plant, and equipment from loss and damages that occurs during construction time. Construction insurance helps in times of difficulty for contractors. Increasing government spending on such policies drive the global construction insurance market growth.

Major companies are covered:

·???????? MetLife Services and Solutions (United States)

·???????? Zurich Insurance Group (Switzerland)

·???????? AXA (France)

·???????? American International Group Inc (United States)

·???????? Next Insurance (United States)

·???????? Chubb Ltd (Switzerland)

·???????? Allianz SE (Germany)

·???????? Ageas (Belgium),

·???????? Insureon (United States)

·???????? The Hartford (United States)

Construction Insurance Market by Type: General Liability Insurance

·???????? Worker Compensation Insurance

·???????? Commercial Property Insurance

·???????? Builder Risk

·???????? Others

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Construction Insurance Market by Application:

Agency Bancassurance Digital & Direct Channels

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