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Project Completion Insurance: A Modern Tool in Construction Risk Management

Project Completion Insurance:
A Modern Tool in Construction Risk Management

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Join us at 11 am PDT on Tuesday, September 27th for a webinar to learn how SureBuild's project completion insurance works as a compelling credit enhancement tool for construction loans. It offers a better and less costly alternative that allows lenders to approve borrowers they may have had to reject, such as borrower/builders who can't get bonded. In addition, it ensures the project can and will be funded through the project’s completion in the event of borrower default.

With today’s economic uncertainty, including increased material prices, supply chain delays, and construction labor shortages, the risks continue to grow for all parties involved in a construction project. When project completion insurance is used in combination with Partner's professional services, it offers a superior construction risk management solution that completes a lender’s risk management profile to also include protections against contractor default.

This webinar is for construction lenders, developers, contractors, and brokers who are looking for strategies to get more construction loans approved while lowering default risk.


Webinar topics will include:

  • What project completion insurance is
  • How it works when used in combination with construction risk management services
  • How it provides lenders leverage to assure borrowers comply with loan covenants
  • Pricing and policy coverage limits
  • Open forum for questions

About SureBuild: www.SureBuild.com


Presenters:

Isaac Stern | Executive Director of SureBuild, Saint Vincent Agency
Mr. Stern is a licensed agent at Saint Vincent, LLC, the managing general agent of SureBuild℠ Project Completion Insurance. Mr. Stern has over 15 years of experience in the insurance industry and 5 years of experience in product development, distribution, and sales. He is a licensed producer and surplus lines broker in California. He also has his Series 7 and 63 securities licenses through FINRA. Mr. Stern is directly responsible for managing agency business as it applies to compliance issues, agent licensing and appointments, contracts, and records. He acts as a liaison between Saint Vincent underwriters and underwriters with Lloyd’s of London. Additionally, he is responsible for claims management and works directly with clients to ensure excellent service and product delivery. Mr. Stern obtained his MBA from the University of Southern California.

AJ Nosek | Principal & National Client Manager, Partner Engineering and Science, Inc.
AJ Nosek has over 12 years of experience working in construction risk management, which include ALTA surveys, Zoning Reports, Contractor Vetting/Review, Document and Cost Reviews, Construction Progress Monitoring Inspections, Funds Control and Disbursement services, and Completion Commitments to lender and owner clients to better manage construction cost, quality, and schedule risks. 
He serves a variety of lenders, developers, attorneys, mortgage brokers, CDCs, individual property owners, and municipal clients. Mr. Nosek’s education and background in finance allows for an understanding from the clients’ perspective on both execution and risk.  

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