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Subguard®

What if contractors could effectively manage the risk of subcontractor or supplier default?

SubGuard® is an innovative alternative to surety bonds that helps manage the risk of subcontractor or supplier default.

SubGuard® provides comprehensive, consistent coverage for all enrolled subcontractors while enabling general contractors to regain control of their projects if a subcontractor defaults.

Zurich offers comprehensive subcontractor default insurance programs designed to meet the needs of construction customers with annual subcontract volume of more than $75 million, including:

  • General building contractors
  • At risk construction managers
  • Design-build firms benefit from positive loss experience

Program options:

  • Large deductibles with single and multi-year aggregates
  • Retrospective rating plans
  • Policy limits of up to $50 million per occurrence and $150

Benefits:

  • Empowers the contractor to evaluate and manage subcontractor default situations, bypassing potentially contentious and lengthy claims process that can result when using third-party guarantees
  • Assists in identifying the root causes of construction operational and management issues
  • Offers more control over the prequalification and regain control of their projects if a subcontractor defaults