Converting Team Project to a standard (local) project?

In the editor's bible, the first commandment is SAVE.

The 2nd commandment is SAVE. The 3rd commandment is SAVE.

As a film editor of over 25 years, i cannot sleep at night unless i know my project file is safely saved on my local drive.

This is our insurance policy. After every edit, SAVE. Millions and millions of dollars would have been lost in the film making process if we didn't follow this number one commandment in the editors bible. But Adobe for what ever reason, decided to ignore this fundamental process in its work flow on Team Projects. I fear that the designers of such software are not editors or film makers and are committing a great sacrilege. I am aware of the ability to convert a Team Project back to a regular tried and tested project. And that can be saved to ones local drive. But then if one is to follow the work flow that all editors have religiously followed since the advent of non linear editing on computers, then we would need to convert this Premiere Project file on our desk top back to a Team Project after every SAVE AS... This way we know that all the work is saved and not blindly rely on Adobe Cloud to look after, protect and insure that all the work is saved.  Thousands and thousands of edit decisions, and in a professional capacity, those decisions costing tens of thousands of dollars. And the designers at Adobe, think it's ok to have Adobe Cloud look after our work up there somewhere.  

Are Adobe also taking financial responsibility for any work lost? I fear if they did, the law suits would put Adobe out of business. Come on guys. Back to the drawing board or what ! Team projects is a bad design. A design that is in it's infancy and are using us editors and film makes as guinea pigs, so as we fail and lose our work, our hard earned money and our jobs,  Adobe can use our misfortune to better their products.  Team projects is a design that should not yet be out in the market place, until they get it right. 

Well that's embarrassing haha.

I was convinced it would be in the file menu.

Thanks, as always, Ramesh.

Andrew