| There is a saying: "I don't need a drill, I just need a hole." Ownership is becoming less appealing to more people, especially regarding items they don't use on a regular basis. And the insurance industry must start work immediately to prepare for this shift in attitude. Personal lines clients are sharing their cars, homes, boats, tools, jewelry and even clothes. And now commercial lines clients are also getting on board to make extra money from idle construction equipment, unused production capacity and employees. Regulations, the lack of regulations, contracts, the lack of contracts and other issues create an interesting insurance landscape in this economy. The change is coming, but what's an insurance professional to do? In March, the Big “I" Virtual University's new 20-minute education concept Lightning Learning will focus on select aspects of the sharing economy: - March 7: Reviewing the Ridesharing Endorsements
- March 20: Reviewing the Home Sharing Endorsements
- March 28: Understanding the Other "Property Pimping" Exposures
All March Lightning Learning sessions begin at 11:30 a.m. ET. Registration is $9.99 for the entire month of offerings and includes a link to watch on-demand and share internally with your colleagues. Check out the 2018 education calendar, and send any questions to VU staff. |
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