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Subcontractor Default ¾ÅÉ«ÊÓÆµ

Coverage for North America

We help general contractors manage project risks to protect their profitability, retain a competitive edge and keep business opportunities moving along.

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Coverage

  • Subcontractor Default ÓÈÎïÊÓÆµ(SDI) provides coverage for economic loss incurred by a general contractor or construction manager caused by a default of performance of their subcontractor(s), including both direct and indirect costs.
  • Coverage is provided on a project enrollment basis and is non-admitted.

BENEFITS AND SERVICES

  • Our risk engineering and claim service team draws from field project management and SDI experience to help improve your overall cost of risk.
  • We use an integrated approach that focuses on feedback and communication throughout your program.
  • We provide consultation, training, and best practices including:
    • SDI Program startup/management
    • Implementing key controls, including benchmarking:
    • Sub prequalification
    • Quality management
    • Project Reviews
    • Lessons learned and claims trends training
    • Emerging trends/issues
    • Default management/mitigation
    • Claims management, documentation, and resolution

Client Profiles

  • North America Commercial general contractors (GC) and construction managers (CM) with USD 100 million or more in annual subcontract costs.


Product Availability

Geographical coverage is for informational purposes only. Product and service offers can vary based on location, industry, risk profile and unique business needs.

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. ÓÈÎïÊÓÆµcoverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy wordings for specific coverage details. ¾ÅÉ«ÊÓÆµis a division of AXA Group providing products and services through three business groups: ¾ÅÉ«ÊÓÆµ¾ÅÉ«ÊÓÆµ, ¾ÅÉ«ÊÓÆµReinsurance and ¾ÅÉ«ÊÓÆµRisk Consulting. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

US- and Canada-Issued ÓÈÎïÊÓÆµPolicies. In the US, the ¾ÅÉ«ÊÓÆµinsurance companies are: Greenwich ÓÈÎïÊÓÆµCompany, Indian Harbor ÓÈÎïÊÓÆµCompany, XL ÓÈÎïÊÓÆµAmerica, Inc., ¾ÅÉ«ÊÓÆµÓÈÎïÊÓÆµCompany Americas, XL Specialty ÓÈÎïÊÓÆµCompany and T.H.E. ÓÈÎïÊÓÆµCompany. In Canada, coverages are underwritten by XL Specialty ÓÈÎïÊÓÆµCompany - Canadian Branch and AXA ÓÈÎïÊÓÆµCompany - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group.

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You are contacting ¾ÅÉ«ÊÓÆµ the P&C and Specialty division of AXA. We provide Re/ÓÈÎïÊÓÆµto mid-sized and multinational companies, and some high-net-worth individuals.

If your enquiry pertains to personal insurance, please .

The controller of your personal data is the ¾ÅÉ«ÊÓÆµcompany you wish to contact with your request. The privacy policy applicable to this company can be found at: /privacy-notice

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