WebThe main difference between general liability and professional liability is in the types of risks they each cover. General liability covers physical risks, such as bodily injuries and … WebAug 11, 2024 · Let’s say you have a $1 million aggregate limit for your general liability coverage, also known as commercial general liability (CGL) insurance. ... An occurrence limit is the max an insurance company will cover per claim. The aggregate limit is the total claim costs an insurer will cover during a policy period, which is typically one year. ...
What Does Per Project Aggregate Mean In Insurance? Rob Freeman
PER PROJECT: A per project aggregate would apply to each individual project. PER LOCATION: Per location aggregate limits actually applies only to those locations owned or rented by the named insured/policyholder and will always exclude worksite project locations. See more If the general aggregate limitis on a “per location” basis, that means it will apply to each location of the policyholder. ... As for the “per project” basis, the general aggregate limit will apply to each project that the policyholder … See more Aggregate Limit is the most we will pay for the sum of all damages under COVERAGE A, except damages because of “bodily injury” or … See more The general aggregate limit of liability refers to the most money an insurer can pay to a policyholder during a specified period. ... The aggregate limit of liability represents the … See more WebLimits Per Project Can Do Construction had numerous claims at multiple job sites. The total of the claims exceeded the General Aggregate Limit of their Commercial General Liability policy. Many insurance carriers provide either one aggregate or otherwise cap the aggregate limit, regardless of the number of job sites. The Aggregate Limits Per ... cyclingreen
General Liability vs. Professional Liability The Hartford
WebDec 31, 2024 · Aggregate Limit Of Liability: The aggregate limit of liability is the most an insurer is obligated to pay to an insured party during a specified period. The aggregate limit of liability is spelled ... WebJul 27, 2013 · If your policy limits are set for $1,000,000 per occuerence and a general policy aggregate of $2,000,000 you would be able to use the $1,000,000 limit for the per project aggregate. WebJun 15, 2015 · Additional Insured Endorsement CG 20 10–11/85 and beyond. The most common additional insured endorsement for contractors is the CG 20 10. The CG 20 10 changed significantly after the November ... cycling reflective band