Car sharing

{
  "id": "MLC-T-INS-003602",
  "term": "Car sharing",
  "field": "Insurance and risk management",
  "definition": "An arrangement where individuals access a fleet of vehicles for short-term use, paying based on time or distance. A managing organization handles vehicle acquisition, maintenance, and insurance, providing an alternative to personal car ownership. Insurance for these services is structured as a commercial auto policy held by the car-sharing company, which covers liability for multiple, non-owner drivers under a single master agreement.",
  "url": "https://mlchart.com/terminology/insurance/car-sharing/"
}