Subcontractor Default Insurance
Manage & Control
Subcontractor default insurance has become very important strategy for CMs and GCs to manage and control their subcontractor default risk. Sophisticated and well-managed prime contractors that implement strong operational practices around subcontractor prequalification, subcontractor management, quality control programs, and subcontractor default loss control can benefit from a subcontractor default insurance (SDI) program.
Construction Risk Partners works with clients to ensure that all parties understand the implications of an SDI program and are positioned to manage it effectively. This approach includes understanding our clients’ operations and working with them to customize an approach that ensures efficient but effective subcontractor prequalification and management practices, while also ensuring the best coverage and program structure available in the marketplace.
Our SDI service offering includes enhanced risk management advice and in-depth claims consultation. Our team includes seasoned professionals coming directly out of the construction industry and SDI carrier risk engineering. This team can assist in customized implementation of best practices around subcontractor prequalification, scheduling, quality programs, etc.
In addition, during an SDI claim, our team is equipped to assist our clients through the entire process. Whether it’s advising on a claims resolution strategy, assisting in building a proof-of-loss to submission, or performing a schedule analysis, Construction Risk Partners will be there to support our clients.
Construction Risk Partners has structured a significant percentage of all active SDI programs nationally. We have the experience, expertise, and market knowledge to ensure our clients have the most “cutting-edge” programs available. We know what challenges can arise and how to address them before they become issues. With Construction Risk Partners you are ensured that your SDI program is the best available in the marketplace.