Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the policyholder is reimbursed and enabling the work to be completed. Unlike traditional surety bonds — which can delay progress due to mandatory investigations — SDI allows for immediate project continuation without the lengthy investigation process. As a result, it has become a favorable proactive risk management tool and a viable alternative to traditional bonding.
Marrying workflows between the field and the office can sometimes be disjointed. Let a construction consultant fill the gaps.
The share of Generation Z workers in the construction labor force more than doubled between 2019 and 2023, according to a recent report.
Misunderstanding insurance requirements can turn a profitable construction project into a loss. Learn what coverages contractors need, common pitfalls and best practices to stay compliant and protect your business.
