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 rent expenses.

Vanbridge, an EPIC company, is one of only two brokers who can offer this product – it is not otherwise available in the marketplace today.


Typical Terms:
  • Insured: Companies which are located in a covered state, and employ staff and maintain business operations in one or more of the covered states
  • Covered States: Alabama, Alaska, Arizona, Arkansas, Florida, Georgia, Idaho, Iowa, Maryland, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, West Virginia, Wisconsin, Wyoming
  • Policy Type: Surplus Lines Insurance Policy
  • Policy Term: 6 months
  • Limit: $500,000 – $1,500,000
  • Premium: $56,364 – $109,091 (not inclusive of applicable taxes and fees)
Preparing a Submission:

Submissions from corporate applicants who operate in a covered state or states will be considered (subject to certain limitations). A completed application is the only requirement for underwriting.

For more information on this solution, please contact Greylen Erlacher Mardy at (646) 572-9362 or or Nancy Rodrigues at (917) 733-3293 or .