SUBCONTRACTOR DEFAULT INSURANCE
MANAGE & CONTROL DEFAULT RISK
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.
our approach to subcontractor default insurance
BRP’s group that is solely focused on the construction industry, 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.
what does SDI insurance offer?
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.
industry solutions & expertise
HELPING OUR CLIENTS MITIGATE RISKS IN THE construction INDUSTRY
Our construction group 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.