WPL Publishing to Host Webinar on Subcontractor Default Insurance

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The interactive program, which will take place April 25, is suited for a wide variety of professionals within the construction community, including owners, general contractors, subcontractors, attorneys, and surety professionals. The event, entitled “An Introduction to Subcontractor Default Insurance,” is pending approval for 1.5 American Institute of Architects learning units.

WPL Publishing Co., Inc.

WPL Publishing Co., Inc. provides expert training, education, and development resources for the construction industry

In less than a week, WPL Publishing will sponsor a webinar to help professionals within the construction community understand subcontractor default insurance, including its coverage parameters, exclusions, and other details.

For many years, owners and general contractors have searched for cost-effective alternatives to traditional payment/performance surety bonds. A recently unveiled subcontractor default insurance is designed to protect owners and general contractors from the consequences of defaulting subcontractors while eliminating many of the delays and other problems associated with traditional surety bonds. Through this webinar, attendees are expected to gain a firm understanding of what subcontractor default insurance is and make more educated decisions about whether or not to pursue it. To register for the 90-minute event, scheduled for Thursday, April 25, 2013, at 1:00 p.m. (EDT), visit http://tinyurl.com/d38ze5z.

Among other things, the webinar will help attendees do the following:

  • Understand what subcontractor default insurance does and does not cover.
  • Compare subcontractor default insurance to traditional surety bonds.
  • Identify the pros and cons of subcontractor default insurance.
  • Determine what the costs of subcontractor default insurance are and whether it is an option worth pursuing.

Addressing webinar attendees will be Ira Schulman, a partner in the Construction Practice Group of Pepper Hamilton LLP. He has more than 30 years of experience in all aspects of construction law, with an emphasis on all forms of dispute resolution and contract negotiation. Primarily representing public and private owners -- as well as contractors, subcontractors, sureties, and school districts -- he has tried numerous complex construction disputes in jury and bench trials in state and federal courts and before arbitration panels. He also has participated in many mediations and has successfully represented clients with construction contract award issues before various municipal agencies. Additionally, he has an active transactional practice and is regularly called upon by owners and contractors to draft construction contracts and agreements.

Mr. Schulman frequently is appointed as an arbitrator by the Construction Industry Division of the American Arbitration Association, of which he is a member.

Following Mr. Schulman’s presentation, there will be an interactive 10-to-15 minute question-and-answer session addressing relevant topics.

Webinar tuition is based on location, not number of participants, so each registration site can have multiple participants for one low price. To register, visit http://tinyurl.com/d38ze5z.

WPL Publishing Co., Inc. provides expert training, education, and development resources for the construction industry via live webinars and its ConstructionPro Network website (http://www.ConstructionProNet.com). Through ConstructionPro Network, WPL publishes the independent newsletter ConstructionPro Week, providing news, analysis, and insightful commentary about recent developments involving construction law, green buildings, building information modeling, and various construction managerial technologies and techniques.

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Steve Rizer
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