If you have worked in commercial insurance we need some help with Construction insurance industry research.
There are 10 types of insurance
1. Builders risk insurance
2. General liability insurance
3. Errors & omissions/professional liability insurance
4. Inland marine insurance (Equipment Insurance)
5. Commercial auto insurance
6. Workers' compensation insurance
7. Pollution liability insurance
8. Subcontractor default insurance
9. Wrap insurance (OCIP/CCIP)
10. Surety Bonds
The goal of this project is a study that determines:
- Market size (USA) for each insurance type ($ premiums)
- Market size units (policies) for each insurance type
- Units (policies) by state
- Insurance company market share for each type of insurance
- Insurance company market share for each type of insurance by state. At least for NY, CA, TX, FL, IL
- Next step for this project will be to determine Data used by underwriters for each insurance policy type (list). Identify (purchased/researched/customer provided)