Risk
How Surety Bonds and Subcontractor Default Insurance Round Out Construction Risk Management
Protections against subcontractor default are essential risk management tools, making it critical to understand the roles of surety bonds and subcontractor default insurance.
By Craig Tappel
January 13, 2020
Topics
Risk
by Craig Tappel
Craig Tappel is the Chief Sales Officer for global construction insurance brokerage HUB International’s Construction Practice. His experience in construction began when he joined his father working in the family company after college. For 10 years, they worked together as independent risk management consultants serving energy, industrial and construction contractors. This led him to a role as the Chief Marketing Officer for HUB Gulf South. Craig has also held leadership roles at other national brokers and served as a General Manager for an MGA providing contractor package and commercial auto fleet coverage. He holds a number of professional designations including CPCU, CLU, AMIM, ARe, CPA, and CGMA.
Related stories
Risk
Builder’s Risk: Three Blind Spots Impacting Your Project’s Success
By Dennis Tsonis
While construction insurance is costly, underinsuring may prove more so in the long run.
Risk
Three Common Causes of Electrocution on Construction Sites and How to Avoid Them
By Randy Dombrowski
Electricity is an unavoidable presence on every construction site—but electrocution doesn’t have to be. Here’s how to keep crews safe.
Risk
The Future of Fire Protection in EV Battery Facilities
By Stuart Bradbury
As more and more EV-battery manufacturing facilities begin to operate in the United States, it's important that those who build the facilities know how to fire-proof them.