Identify the Correct Statement About Payroll Endorsements in a Business

question 55

Multiple Choice

Identify the correct statement about payroll endorsements in a business income coverage policy.

• A)This option negates the coinsurance provision of business income coverage.
• B)An organization with stable earnings and expectations of a short period of restoration would find this option worthwhile.
• C)This option limits the duration of coverage to 120 days or until the limit is reached, whichever comes first.
• D)This option allows the insured to deduct some or all payroll expenses from the value of operating expenses before calculating the coinsurance requirement.
• E)This option includes payroll from covered expenses.

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