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Article

The Silent ‘D’ in SDI: Subcontractors May Not Need to be Notified of Default for Prime Contractors to Receive Subcontractor Default Insurance Coverage

Source: American Bar Association

By Michael S. McNamara, Lexie R. Pereira

Article

By Michael S. McNamara, Lexie R. Pereira

11.22.24

A recent article co-authored by Construction Litigation partner Michael McNamara and associate Lexie Pereira dispels a common misconception regarding whether a subcontractor must be declared in default to trigger Subcontractor Default Insurance (SDI) coverage under several common policy forms.

The authors explain the distinction between traditional performance bonds and SDI, emphasizing the flexibility some SDI policy forms allow.

To read the full article, click here.

Tags
Litigation, Construction, Insurance Recovery & Advisory, Construction Insurance, Washington, DC