There’s enough to worry about on a large construction project. Construction Managers/General Contractors shouldn’t have to worry about another company’s financial condition, but that’s exactly what happens if you are relying on multiple subcontractors to complete a project.
Subcontractor Default Insurance (SDI) is an innovative risk management solution that helps construction contractors manage the risk of subcontractor or supplier default. SDI provides comprehensive coverage for all enrolled subcontractors while enabling general contractors to regain control of their projects if a subcontractor defaults.
Coverage includes the costs of completing any unfulfilled subcontractor or supplier obligations, including costs related to subcontractor replacement, job acceleration, extended overhead, liquidated damages and claim preparation expenses. Additional features include:
We routinely help large general contractors place subcontractor default insurance to cover this risk. But we also go way beyond that. Our team of veteran construction experts has placed many SDI programs and will work with you to create subcontractor evaluation systems so you reduce the odds of working with troubled companies.
Managing Director, Major Accounts
Licensed Professional Engineer; service in U.S. Navy Civil Engineer Corps
25 years of risk management experience
Managing Director, Major Accounts, Construction Practice Leader
35 years of construction industry experience