San Diego, CA (PRWEB) July 11, 2008
MainLine insurance has recently announced their decision to expand their target markets to include a wider array of insurable assets. This new expansion involves a new solution for California Contractors Insurance customers. This expansion brings new ideas to save money.
The newest offering from MainLine includes "Wrap-Up" insurance. Wrap up insurance protects the developers, as well as the owners. Wrap-Up insurance has become quite popular as of late, due to the increasing cost of insurance for developers. In 1991 up to 75% of developers were involved in litigation due to lack of liability insurance.
As far as the savings garnered by this new type of policy, take the Interstate 15 project in Salt Lake City. The U.S. General Accounting Office claimed that Wrap-Up policies can save an average of over 50% savings compared to traditional insurance policies.
This new type of policy "Wraps up" various policies into one, avoiding the costly alternative of taking each policy individually. MainLine will wrap up new things such as liquor liability, food distribution, and trucking. All under a self controlled insurance program for developers. With this innovation in California contractor's insurance, MainLine is sure to save a substantial amount of money for its clients.
For more information on our company click here: MainLine Insurance