Employee as lessor endorsement

{
  "id": "MLC-T-INS-001285",
  "term": "Employee as lessor endorsement",
  "field": "Insurance and risk management",
  "definition": "An addition to a commercial auto insurance policy that extends coverage to a vehicle owned by an employee but leased to the employer for business use. This endorsement modifies the policy to treat the employee's vehicle as if it were owned by the business while operating under the lease agreement. It clarifies liability and coverage responsibilities for such arrangements.",
  "url": "https://mlchart.com/terminology/insurance/employee-as-lessor-endorsement/"
}