| Coverage | Trend | Range |
|---|---|---|
| General liability |  |
Flat to +10% |
| Auto liability | |
+5% to +15% |
| Workers' compensation | |
Flat to +5% |
| Umbrella and excess liability | |
+5% to +15% |
| Non-high hazard Nat Cat project specific builders risk |  |
-2.5% to +2.5% |
| Master builders risk/ contractors block | |
-5% to +5% |
| Contractor’s professional liability (Annual) |  |
Flat to +5% |
| Contractor’s professional liability (project-specific) | |
Flat to +10% |
| Owners protective professional (project-specific) | |
Flat to +10% |
| Project-specific/ OCIPs/CCIPs |
|
Flat to +5% for Dual line (WC, GL) moderate reductions for Primary GL Only 5% to 15% increases on Lead Umbrella and Excess Liability |
| Subcontractor default insurance | |
Flat to +5% |
Key takeaways
- Megaprojects, especially data centers, are consuming labor, materials and management resources, elevating execution risk.
- Project values regularly surpass the $1 billion mark.
- Despite massive valuations, these mega-deals remain highly attractive to insurers due to their predictable, straightforward risk profiles.
- Carrier appetite and capacity are expanding, yet SDI demand continues to outpace historical market growth.
The construction insurance market remains competitive for well-performing contractors, but conditions vary significantly by line. Workers' Compensation continues to benefit from strong profitability and competition, while Automobile Liability and Umbrella/Excess remain challenged by claim severity, medical inflation, litigation trends, and nuclear verdicts. Carriers generally place favorable underwriting consideration on strong risk management, favorable loss experience, effective fleet controls, strong subcontractor management practices, and operational discipline. Accounts with strong controls and clean loss histories are attracting broad market interest, while more challenging risks continue to experience constrained capacity and increased underwriting scrutiny.
Disclaimer
WTW hopes you found the general information provided here informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, WTW offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).
Contacts
Download
