Construction Subcontractor Default Insurance: A Viable Alternative to Performance Bonds?
Evaluating the Pros and Cons of SDI Insurance as a Risk Mitigation Vehicle for Contractual Performance Defaults
Recording of a 90-minute CLE webinar with Q&A
This CLE course will discuss construction subcontractor default insurance (SDI) as a potential alternative to performance bonds, the key differences between SDI and surety bonds, the benefits and disadvantages of SDI, and the factors that should be considered in weighing SDI as an acceptable vehicle for performance risk protection.
- Overview of SDI coverage
- Distinguishing from performance surety bonds
- Pros and cons of SDI policies
- Evaluating viability for a particular project
The panel will review these and other key questions:
- What are the key advantages of SDI, and what are the drawbacks that must be considered?
- How does SDI differ from traditional performance bonds?
- How do construction lenders view SDI policies as an alternative to performance bonds?
David M. Adelstein
Mr. Adelstein is Board Certified in Construction Law by The Florida Bar. He represents general contractors,... | Read More
Mr. Adelstein is Board Certified in Construction Law by The Florida Bar. He represents general contractors, subcontractors, design professionals, developers, associations, suppliers, sureties, and owners in a myriad of construction/design defect claims, schedule-based claims, bid protests, payment disputes, lien and bond claims, liability and property insurance issues, and a host of other issues that affect the construction industry.Close
Scott R. Sleight
Ahlers & Cressman
Mr. Sleight's practice emphasizes construction and real estate matters, including providing advice for development... | Read More
Mr. Sleight's practice emphasizes construction and real estate matters, including providing advice for development and construction of data centers, health care facilities, production facilities, schools and mixed-use commercial projects. He is experienced in alternative contracting methods including, utilizing integrated contracts for lean construction and design-build delivery. His experience extends to insurance coverage matters, including obtaining coverage for builder’s risk claims, for policy holders and monitoring insurance-appointed defense counsel.Close