Subcontractor Default Insurance: Pros & Cons for General Contractors
Levelset
APRIL 28, 2022
Let’s take a look at an example of how SDI might provide coverage on a project: ABC Builders is the general contractor building a large office complex and they have an SDI policy covering all their projects. Halfway through the project, LA Plumbing has significant cash flow problems and they can no longer pay their vendors or employees.
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