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OnDemand Course

Subcontractor Default Insurance

Know the pros and cons of subcontractor default insurance so you are prepared for your next project.

Are you involved on a complex and large-scale construction project, whether from the owner or general contractor's perspective? If so, has the topic of subcontractor default insurance (SDI) been discussed? If you are involved in such a project, SDI is an important topic since SDI would generally serve as an alternative to requiring subcontractors to obtain performance bonds. SDI is a first-party insurance policy, but operates differently than the first-party insurance policies you typically think of such as a property insurance/builder's risk policy. SDI is not a performance bond and operates differently than a performance bond. SDI is designed to cover more catastrophic-type defaults and can be a useful insurance policy on well-managed projects. This topic will explain the differences between a performance bond and SDI, discuss how a SDI policy operates, and touch upon the positives and negatives of SDI.

Runtime: 87 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Subcontractor Performance Bonds

Overview of SDI

How SDI Works

SDI Is Not a Performance Bond

Positives and Negatives of SDI

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 5, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

David Adelstein

David Adelstein

Kirwin Norris, P.A.

  • Partner in the office of Kirwin Norris, P.A.
  • Practice emphasizes all aspects of construction law
  • Conducts regular seminars and workshops on numerous on construction law
  • Author of several publications related to the areas of construction law
  • Can be contacted at [email protected] or 954-295-6117
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 397576
Published 2016
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