If Pay-Roll is to be Insured separately using the Dual Wages Method, 100% of Pay-Roll should be shown as an Uninsured Working Expense as Pay-Roll is insured separately as a separate item. By using BICalculator, this will all be done automatically by the system when you select “No” to the question on Pay-Roll Assumptions that reads: “Is full Pay-Roll to be insured as part of Item 1 – Loss of Gross Profit. If you intend insuring 100% of Pay-Roll the Coach recommends you do not split it out but insure it as part of Gross Profit. In such a case you should select “Yes”.

 

If no is selected Users of BICalcualtor should not deduct Pay-Roll or any part thereof (such as wages or salaries) as an Uninsured Working Expense when calculating Gross Profit on Screen 4.