Subcontractor Default Insurance 

Our clients have risk associated with the potential non-performance of subcontractors. We believe that proactively managing this risk through Surety and Subcontractor Default Insurance programs is critical to the success of a project. 

Wye River Insurance has direct experience with Subcontractor Default Insurance and understands what it takes to implement and maintain a successful program. Sophisticated contractors and owners choose SDI programs to manage subcontractor’s default risk because SDI provides consistency in coverage, control over the claim process, collaboration with owners and subcontractors and effective communication with SDI underwriters and claim partners. Our SDI offering includes in depth risk management advice from construction executives who have first-hand experience with SDI and know what it takes to create a successful program for your company. This includes the creation of SDI committees to implement best practices, tracking subcontractor capacity, managing subcontractor notices of default and termination, the creation of quality programs, capacity reviews, prequalification, and effectively drafting proof of loss submissions. Our SDI partners include Arch Speciality Insurance, Hudson Insurance Group, Cove Programs, Liberty Mutual and the Guardian Group.