Ensure the Insurer
May 6, 2011 6:15 PM Subscribe
How can I branch out my title insurance company to survive this economy?
posted by rabidsegue to work & money (3 answers total)
My husband has a small title insurance company in the DC area. It's been successful through ups and downs over the past 10 years, but the current economy has been quite brutal, and things aren't looking up, even as the "worst" of the economy is theoretically behind us. He's hoping this dry spell is just a phase, but he thinks he needs to branch out the business to help ride it out or make it flourish in more directions for the longer term.
I've brought his concerns to mefi hoping for some ideas for directions that are a natural (or even unusual) extension of title insurance/real estate settlements so that he can keep his company alive. For example, should he get a license in property/casualty insurance and sell homeowners and auto insurance as well? He's got a scrappy and sharp staff of 2 other employees (who he can potentially get more training for) and a lawyer he works with (peripherally), but my husband himself is not an attorney.