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™Subcontractors, like general contractors, are frequently impacted by events and actions beyond their control. In addition to the typical risks involved in construction, subcontractors face other problems also. Subcontractors routinely deal with four sets of problems on every construction project. These problems are caused by the general contractor, the owner, other subcontractors, as well as third parties or force majeure events.
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Price: $199.00
Member Price: $159.20
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For many years, owners and general contractors have looked for cost-effective alternatives to the traditional payment/performance surety bonds, three-way agreements in which a surety guarantees to one party the performance and/or payment of another party. A new subcontractor default insurance (SDI) product, issued by Zurich Insurance under the name of Subguard, has emerged as a viable alternative that protects an owner and general contractor from the consequences of a defaulting subcontractor while eliminating many of the delays and other problems associated with traditional surety bonds. This interactive program will provide you with a firm understanding of subcontractor default insurance, including coverage parameters, exclusions, and other important information.
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Price: $199.00
FREE TO MEMBERS!
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