The advantages and disadvantages fo...

The advantages and disadvantages for contractors of utilizing wrap-up insurance are explored in a novel study by the U.S. General Accounting Office (GAO).
The agency's report notes that holders contractors and subcontractors traditionally have purchased insurance independently to save themselves from financial losses. However, according to using wrap-up insurance, the possessor can cover himself, the construction manager, the general contractor and the subcontractors, with the potential for a substantial take away from savings, according to the report.
The major advantages of a wrap-up policy