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
Recording of a 90-minute CLE webinar with Q&A
This CLE course 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.
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
Mr. McNamara's practice focuses on litigation of complex construction and engineering disputes, frequently... | Read More
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.
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Masaki James (Saki) Yamada
Partner
Ahlers Cressman & Sleight
Mr. Yamada’s practice focuses on preparing and negotiating construction contracts (public and private), resolving... | Read More
Mr. Yamada’s practice focuses on preparing and negotiating construction contracts (public and private), resolving complex construction claims, defending and appealing L&I/WISHA violations, prosecuting and defending construction defect claims, and handling construction-related insurance matters. Mr. Yamada’s practice also includes commercial leases and communications law (i.e. cell towers). He regularly represents general contractors, subcontractors, developers, business and property owners, and design professionals. Mr. Yamada has successfully mediated numerous multi-million dollar construction claims and negotiated contracts for private and public projects in Washington State, Oregon and the City of Seattle. Mr. Yamada has represented his construction clients in a wide variety of venues and has extensive litigation and jury trial experience in state and federal courts, experience resolving disputes through private arbitration, experience before the Labor & Industries Board of Industrial Appeals, and experience in Washington’s court of appeals.
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