X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In trying economic times, businesses look to reduce costs. Sharing space with other businesses is one way to cut expenses. This arrangement also offers many side benefits. Your insurance clients may, however, be unaware of the risks they are incurring. A claim professional can educate them about the risks and methods to control those risks.

There are many incentives to share space. By sharing rent and overhead, businesses reduce costs and burdens. Some space-sharing arrangements also create professional synergy. Such is the case when a lawyer who handles real estate work shares space with a real estate broker who sells homes. Sharing space may enhance a business’s reputation; for example, when a just-starting tailor shares space with a well-established dry cleaner.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.