General contractors looking to protect themselves with subguard or subcontractor default insurance (SDI) may request detailed financial information from potential subcontractors. MCAA’s Subguard/Subcontractor Default Insurance explains why this happens, and how these policies may impact mechanical contractors. It’s just one of MCAA’s educational resources that are free to MCAA members as a benefit of membership.
The bulletin explains:
- What subguard/SDI policies are
- How they differ from the performance and/or payment bonds issued by surety companies
- The advantages and disadvantages of subguard/SDI policies
For a full list of available Management Methods Bulletins, visit the Management Methods Bulletins page.
Have Questions or Need Personal Assistance?
Contact MCAA’s Frank Wall.