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U.S. construction firms on average paid more for their insurance in the first half of 2013 as underwriters continue to seek price increases across the breadth of their contractor portfolios, according to a report published by Marsh.

U.S. construction firms on average paid more for their insurance in the first half of 2013 as underwriters continue to seek price increases across the breadth of their contractor portfolios.

The construction-insurance market remains stable, but pricing is mixed depending on the sector, a Marsh market update states.

The construction-insurance market remains stable, but pricing is mixed depending on the sector, a Marsh market update states.

John Tutera of Hiscox discusses risks particular to the construction industry, especially in this age of modular construction and 3D design.

John Tutera of Hiscox discusses risks particular to the construction industry, especially in this age of modular construction and 3D design.

Construction-insurance pros see some signs for market improvements in 2012 and 2013, as the economy recovers and projects continue in key industries, such as health care and education. A second round of stimulus funding would also help.

When contractors are in the market for insurance, they may focus solely on cost and coverage level.