Divided risk endorsement

{
  "id": "MLC-T-INS-001202",
  "term": "Divided risk endorsement",
  "field": "Insurance and risk management",
  "definition": "An attachment to an insurance policy that specifies how coverage applies when multiple insurers share the risk on a single property or exposure. It outlines each insurer's proportion of the total coverage and their respective liabilities in the event of a loss. This endorsement clarifies the responsibilities of each party and prevents disputes over claim payments.",
  "url": "https://mlchart.com/terminology/insurance/divided-risk-endorsement/"
}