The employees as insureds endorsement will provide the insured's employees additional protection while using a vehicle not owned, hired, or borrowed for the insured business.
What is an endorsement?
- An endorsement can be an update to a contract or document, such a life insurance policy or a driver's license, or it can be a signature approving the legal transfer of a negotiable instrument between parties.
- An endorsement is a public declaration of support for a person, thing, or service.
- Although the word "endorsement" has many different connotations, many of them relate to the idea of "approval" or "permission."
- An endorsement is a signature or a stamp that authorizes a payment, a transfer of funds, or other financial transaction in business or legal contexts.
- A remark, revision, or clause that updates or specifies provisions in a formal document or contract is also referred to as a clause.
An endorsement is a declaration or action of support for something or someone; the endorser may or may not receive payment.
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