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Cheri Hanes


Risk Engineer, North America Construction

Effectively managing subcontractor performance risk has many layers. Our Subcontractor Default Insurance (SDI) clients rely on the protections of an SDI policy as the “last defense” for mitigating the impact of subcontractor defaults. We often field questions or concerns about placing a subcontractor in default, timely notification to your SDI carrier and more.

In a new white paper, AXA XL’s SDI risk engineers explore and provide guidance for several common questions:

  • How does the wording of your subcontractor notice to cure letter affect notice timing?
  • When should the SDI carrier be put on notice?
  • Why is timely notification important? Can it affect coverage?
  • Do your internal processes appropriately support proper carrier notification?
  • Should you submit notices even earlier out of abundance of caution?

For their answers, download our Whitepaper: "Notice and reporting under the SDI Policy -- What do you do if a subcontractor defaults?"  

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Global Asset Protection Services, LLC, and its affiliates (“AXA XL Risk Consulting”) provides risk assessment reports and other loss prevention services, as requested. This document shall not be construed as indicating the existence or availability under any policy of coverage for any particular type of loss or damage. AXA XL Risk. We specifically disclaim any warranty or representation that compliance with any advice or recommendation in any publication will make a facility or operation safe or healthful, or put it in compliance with any standard, code, law, rule or regulation. Save where expressly agreed in writing, AXA XL Risk Consulting and its related and affiliated companies disclaim all liability for loss or damage suffered by any party arising out of or in connection with this publication, including indirect or consequential loss or damage, howsoever arising. Any party who chooses to rely in any way on the contents of this document does so at their own risk.

US- and Canada-Issued Insurance Policies

In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
US domiciled insurance policies can be written by the following AXA XL surplus lines insurers: XL Catlin Insurance Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor Insurance Company. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state.