What Does Payroll Mean?

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What does Payroll mean? Read on to discover the definition & meaning of the term Payroll - to help you better understand the language used in insurance policies.

Payroll

Payroll

The premium basis used to calculate premium in workers compensation insurance and, for some classifications, in general liability insurance. Also known as "remuneration."

We hope the you have a better understanding of the meaning of Payroll.

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