The U.S. Construction industry is pegged to experience annual growth over the next several years – from $1 trillion in 2014 to $1.1 trillion in 2019.* There are a number of factors driving this growth, including investments to modernize the country’s aging infrastructure and in the renewable energy sector along with a growing population and the resulting demand for expansion in residential construction. Commercial construction is also a contributing factor to the industry’s growth due to improved economic conditions, an increase in consumer spending, and government investment in tourism, office, and retail buildings in the next four to five years.
While the Construction industry has rebounded, challenges remain. The majority of operations continue to face a large share of losses that require the experience and expertise needed to drive down costs, minimize risks, and utilize capital more effectively.
A Customized Approach
The Construction Group at RPS is poised to assist our agency and broker partners to meet the demands of the construction industry. We offer end-to-end cost-effective insurance solutions and loss analysis designed to improve an operation’s risk profile and insulate against a variety of exposures. With dedicated producers throughout our national network of office locations specializing in Construction insurance programs, supported by our longstanding partnerships with top carriers in the Construction and Inland Marine space, we offer customized solutions that meet your client’s business needs every time.
From general contractors and owners-developers to trade and specialty contractors, RPS can provide you with a winning, tailored Construction insurance program for each of your insureds.
* Timetric’s “Construction in the US – Key Trends and Opportunities to 2019”.