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.

Key features

• Indemnification coverage.
• 2 year policy term available, plus extended warranty period.
• Each Default Limit of $50m.
• Policy Aggregate Limit of $100m.
• Indirect Cost Limit of $5m. Project Specific. GC’s interest only.
• Rolling, multi project – defined project portfolio.
• Annual (or multi-year) Practice, General Contractors or Owners Interest if owner performs the functions of a GC.
• Minimum SIR of $500,000 and 10% co-pay.