Ordinary Payroll Coverage Endorsement
Policy provision that provides coverage for continuing payroll expense of all employees of an insured business (except for officers and executives) for the first specified number of days of business interruption. Applies when the business's continuing operation is interrupted by damage or destruction by an insured peril.
Popular Insurance Terms
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Maximum that an insurance company can underwrite. The limits of coverage that a property and casualty company can underwrite are determined by its retained earnings and invested capital. ...
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