An insured elects to exclude ordinary payroll from its business income coverage. During a shutdown the policy will then not pay:
Explanation
Ordinary payroll is the payroll of employees other than officers, executives, department managers and employees under contract. Excluding it, or limiting it to a set number of days, cuts the premium on the reasoning that rank-and-file staff would be released after a shutdown while key people are retained. So officer and executive pay stays covered, and continuing expenses such as rent and utilities are still paid, which is why the answers stripping out all payroll or removing rent are wrong.
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