Subcontractor Default Insurance

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.