Always ask your personal lines clients if they currently use their homes or automobiles for sharing purposes, or if they have any intention to do so in the future. (Photo: natasaadzic via iStock)
It's been a decade since TIME magazine identified the sharing economy as one of its "10 Ideas That Will Change the World." Looking back, the authors were pretty spot on with their prediction.
The sharing economy is here to stay. It's important for brokers and agents to keep abreast of its many parts and the unique exposures that it presents to clients. It's also vital to effectively review current coverage available, explain any potential coverage gaps, and advise clients how best to protect themselves.
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