Payroll and Rent Expense Protection
Payroll and Rent Expense Protection (PREP™) Be prepared with PREP Payroll and Rent Expense Protection (PREP) insurance coverage was designed to help American businesses maintain their most valuable assets – their employees and places of business – during periods of pandemic-induced economic distress. In simple terms, when the next wave of COVID-19 or a similar pandemic strikes, and if a government-mandated statewide “shelter in place” order is issued, which impacts an employer’s monthly operating income, PREP can be used by an insured employer to recoup up to 50% of up to two months of its payroll and …
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