Joint venture JV

Term · Insurance and risk management · MLC-T-INS-001936

A business entity created by two or more parties to undertake a specific project or business activity, sharing ownership, risks, and profits. Standard commercial general liability policies exclude coverage for liability arising from joint ventures (JVs) unless the JV is specifically named as an insured on the policy. To cover the venture's operations, the parties must either add it as a named insured via endorsement or purchase a separate dedicated policy for the JV itself.

Table 1. Record
Identifier	MLC-T-INS-001936
Field	Insurance and risk management
Subject	Commercial Liability

Record as JSON

{
  "id": "MLC-T-INS-001936",
  "term": "Joint venture JV",
  "field": "Insurance and risk management",
  "definition": "A business entity created by two or more parties to undertake a specific project or business activity, sharing ownership, risks, and profits. Standard commercial general liability policies exclude coverage for liability arising from joint ventures (JVs) unless the JV is specifically named as an insured on the policy. To cover the venture's operations, the parties must either add it as a named insured via endorsement or purchase a separate dedicated policy for the JV itself.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/joint-venture-jv/"
}

Record 1,844 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.