Subcontractor Default Insurance: Pros & Cons for General Contractors
Levelset
APRIL 28, 2022
If a subcontractor defaults on a project, the general contractor can make a claim with the insurance company to cover costs above their deductible and any loss reserve requirements. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. How SubGuard insurance works.
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