What Does Ordinary Payroll Limitation or Exclusion Endorsement Mean?

Free Business Insurance Quote Click Here
What does Ordinary Payroll Limitation or Exclusion Endorsement mean? Read on to discover the definition & meaning of the term Ordinary Payroll Limitation or Exclusion Endorsement - to help you better understand the language used in insurance policies.

Ordinary Payroll Limitation or Exclusion Endorsement

Ordinary Payroll Limitation or Exclusion Endorsement

A business income coverage endorsement limiting to a specified number of days (such as 90 days), or eliminating altogether, coverage for payroll expense of employees other than executives, department managers, employees under contract, and other "important" employees. The 2012 edition of the standard ordinary payroll limitation or exclusion endorsement (CP 15 10) was retitled "payroll limitation or exclusion." It limits or excludes coverage for payroll expense for any employee or category of employees, rather than just "ordinary" payroll.

We hope the you have a better understanding of the meaning of Ordinary Payroll Limitation or Exclusion Endorsement.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here