Nonownership Liability Insurance

Definition of "Nonownership liability insurance"

Mindy Maranto-Wegleitner
Mindy Maranto-Wegleitner Austin City Realty Sales

Coverage for an employer against liability for property damage or physical injury caused by an employee operating a personally owned vehicle for the business firm. Employers can be held liable if an employee has an accident while driving a leased automobile or operating a motorboat that the employee owns, if it is done for the benefit of the employer.

Have a question or comment? We're here to help.

*** Your email address will remain confidential.

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ