Designed for general contractors
Coverage for direct and indirect costs of subcontractor defaults for general contractors with annual volumes of $50m to $2b in annual construction value.
- Indemnification coverage.
- 2 year policy.
- Per Loss Limit up to $50,000,000.
- Policy Aggregate Limit up to $150,000,000.
- Indirect Cost Limit of $5,000,000.
- Minimum SIR of $625,000 and flexible co-pay options.
- Post completion coverage of up to 10 years on most projects.
One of the biggest challenges faced by commercial general builders is risk of subcontractor non-performance. With the experience and insights offered by Cove’s SDI risk engineers and account executives, we can not only help our clients better manage subcontractor performance risk, but can also help them become better contractors and better businesses.