General Aggregate Limit Sample Clauses
The General Aggregate Limit clause sets a maximum total amount that an insurer will pay for all covered losses or claims during a policy period, regardless of the number of incidents or claimants. This limit applies collectively to all claims made under the policy, such as multiple liability claims arising from different events within the same year. By establishing this cap, the clause helps insurers manage their overall risk exposure and provides policyholders with clarity on the maximum coverage available within a given timeframe.
General Aggregate Limit. Should any of the required insurance be provided under a form of coverage that includes a general annual aggregate limit or provides that claims investigation or legal defense costs be included in such general annual aggregate limit, such general aggregate limit shall double the occurrence or claims limits specified above.
General Aggregate Limit. The General Aggregate limit for Commercial General Liability must be at least $500,000.00. This coverage ensures adequate financial protection in case of any incidents during your event.
General Aggregate Limit. The general aggregate limit for any required insurance under this Master License must be double the per-occurrence or Claims limits specified in Section 19.1 when coverage includes a general annual aggregate limit or provides that Claims investigation or legal defense costs will be included in such general annual aggregate limit.