The contractor industry involves inherent risks not covered by standard carriers. As a result, agents turn to the excess and surplus (E&S) insurance market to get contractor coverage for their clients.
The E&S market is among the fastest-growing sectors in the insurance industry. In 2020, premiums in the surplus market increased by 14.9% to $41.7 billion, up from $37.5 billion in 2019. In 2021, that growth accelerated, with premiums increasing another 22%.
Understanding the E&S market will equip you with the knowledge to better serve contractors. In our latest white paper, you'll learn:
Download the white paper: The Pulse of E&S Insurance: Risks & Opportunities in the Contractor Industry