The traditional approach to managing risk in construction projects is to pass it down to others through contracts (the "back to back" culture). These others are then expected to insure that risk as best they can (usually by way of a liability insurance policy), or simply ignore it and hope for the best This process results in massive overlap and duplication of insurance and is thus wholly inefficient, wasteful and costly. It undermines arrangements aimed at building integrated and efficient project teams and supply chains. What project teams need, in order to achieve the necessary co-ordination and collaboration, are integrated insurance policies.
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