Construction Subcontractor Default Insurance: Maximizing SDI Coverage and Streamlining the Claim Process
Evaluating SDI as Risk Mitigation Vehicle, Minimizing Pitfalls of SDI Policies Covering Contractual Performance Defaults
A live 90-minute CLE webinar with interactive Q&A
Wednesday, May 31, 2017 (in 9 days)
1:00pm-2:30pm EDT, 10:00am-11:30am PDT
This CLE webinar will discuss construction subcontractor default insurance (SDI) as an alternative to performance bonds, the factors that should be considered in weighing SDI as an acceptable vehicle for performance risk protection, and best practices to maximize SDI coverage and streamline the claims process.
Description
SDI can be a viable alternative to surety bonds, depending on the size and scope of the project. SDI policies are purchased by the project manager and obligate the insurer to reimburse costs incurred because of subcontractor default.
Construction counsel must understand the differences between traditional performance bonds and SDI insurance, the pros and cons of SDI coverage, and whether SDI is a viable risk mitigation vehicle for a particular client or project.
Additionally, construction counsel must be able to advise clients on steps to take to mitigate some of the potential pitfalls of SDI policies, including maximizing coverage and streamlining the claims process.
Listen as our authoritative panel of practitioners guides you through the pros and cons of subcontractor default insurance, the differences between SDI and surety bonds, and best practices to maximize SDI coverage and streamline the claim process.
Outline
- Overview of SDI coverage vs. performance surety bonds
- Pros and cons of SDI policies
- Maximizing SDI coverage
- Streamlining the claims process
Benefits
The panel will review these and other key issues:
- What are the key advantages of SDI, and what are the drawbacks that must be considered?
- How do construction lenders view SDI policies as an alternative to performance bonds?
- What steps can construction managers take to maximize SDI coverage and streamline the claim process?
Faculty
Michael S. McNamara, Partner
Pillsbury Winthrop Shaw Pittman,
Washington, D.C.
Mr. McNamara's practice focuses on litigation of complex construction and engineering disputes, frequently involving claims for additional costs, delays and terminations. He has handled major trials of multimillion-dollar construction disputes and has represented owners, contractors and construction managers in many other cases successfully resolved in settlement.
Masaki James (Saki) Yamada, Partner
Ahlers & Cressman,
Seattle
Mr. Yamada’s practice focuses on complex construction, insurance, business litigation, commercial real estate, and communications law. He regularly represents and advises general contractors, subcontractors, developers, business and property owners, and design professionals in a wide range of legal issues from contract negotiations to payment disputes.
Live Webinar
Live Webinar $297.00
Add a colleague on the same connection in the same room for only $97.00 in the shopping cart or by calling customer service.
This webinar is eligible for at least 1.5 general CLE credits.
CLE credits are not available for PR.
*In KS, OH, PA, for more than 1 attendee on the connection you must contact Strafford CLE via email or call 1-800-926-7926 ext. 35 prior to the program for special instructions.
Recordings
CLE On-Demand - Streaming Video
Includes recorded streaming video of full program plus PDF handouts.
On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.
AK, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)
*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.
**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.
CLE On-Demand Video $297.00
Available 48 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live webinar).
Strafford is an approved provider and self-study CLE credit is available in most states.
AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)
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Available 48 hours after the live event
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Available 24 hours after the live event
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plus $9.45 S&H
Available ten business days after the live event
Registration Plus Recorded Event
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Webinar
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CLE Credits By State
Customer Reviews
The web conference covered the material in an efficient fashion without a lot of duplication.
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Ashley Ashley & Arnold
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I thought the subject matter was handled very well! I appreciated the panel’s interaction and their responses to the inquiries posed.
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Scana
I found it helpful to hear the information and perspectives of all the presenters.
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Ballard Spahr
Real Estate Law Advisory Board
Partner
Ballard Spahr
Partner
Stroock & Stroock & Lavan
Partner
Robinson & Cole
Of Counsel
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Bryan Cave
Of Counsel
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Counsel
Kilpatrick Townsend & Stockton
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Jones Day
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