What is another word for coinsure?
Pronunciation: [kˈɔ͡ɪnʒə] (IPA) 
Coinsure means to share an insurance policy with others. Some synonyms for the word coinsure are co-insurance, joint insurance, shared insurance, and shared liability. Coinsuring can be a perfect option for businesses or individuals with higher rates of risk, as it helps lower the overall cost and shared a portion of the liability. By coinsuring with similar businesses, they can build a more extensive pool of collective knowledge and expertise while also reducing the cost burden of insurance. Overall, coinsuring allows for a joint approach to risk management, resulting in a better chance for overall success with lower financial impact in the event of a claim or loss.
