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. LA Plumbing is providing plumbing work on the project, and their subcontract is worth $2 million. million – $750,000). .
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