Ordinary payroll limitation or exclusion endorsement

Term · Insurance and risk management · MLC-T-INS-003707

An addition to a business income insurance policy that modifies coverage for the payroll expenses of employees. A limitation endorsement typically covers ordinary payroll for a specified period, such as 90 or 180 days, following a covered loss. An exclusion endorsement removes ordinary payroll from the covered expenses entirely, reducing the premium.

Table 1. Record
Identifier	MLC-T-INS-003707
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003707",
  "term": "Ordinary payroll limitation or exclusion endorsement",
  "field": "Insurance and risk management",
  "definition": "An addition to a business income insurance policy that modifies coverage for the payroll expenses of employees. A limitation endorsement typically covers ordinary payroll for a specified period, such as 90 or 180 days, following a covered loss. An exclusion endorsement removes ordinary payroll from the covered expenses entirely, reducing the premium.",
  "url": "https://mlchart.com/terminology/insurance/ordinary-payroll-limitation-or-exclusion-endorsement/"
}

Record 2,449 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.