Aggregate Limit of Liability definition

Aggregate Limit of Liability means the maximum amount payable as stated in the Schedule byus in respect of all claims and losses.

Aggregate Limit of Liability means the maximum amount payable under this Section of Cover in any one Period of Insurance. The Aggregate Limit of Liability is £500,000.

Aggregate Limit of Liability means the maximum amount payable as stated in the Schedule by usin respect of all claims and losses .

Examples of Aggregate Limit of Liability in a sentence

• The Aggregate Limit of Liability shall be reduced by the amount of any payment made under the terms of this bond.

• In the event that a loss of Property is settled by the Underwriter through the use of a lost instrument bond, such loss shall not reduce the Aggregate Limit of Liability.

• Single Loss Limit of Liability Subject to the Aggregate Limit of Liability, the Underwriter’s liability for each Single Loss shall not exceed the applicable Single Loss Limit of Liability shown in Item 4 of the Declarations.

• The Underwriter shall have no obligation under General Agreement F to continue the defense of the Insured, and upon notice by the Underwriter to the Insured that the Aggregate Limit of Liability has been exhausted, the Insured shall assume all responsibility for its defense at its own cost.

• The Underwriter’s total liability for all losses discovered during the Bond Period shown in Item 2 of the Declarations shall not exceed the Aggregate Limit of Liability shown in Item 3 of the Declarations.

More Definitions of Aggregate Limit of Liability

Aggregate Limit of Liability means the maximum amount We will pay for all pay for all claims during the pe- riod of insurance. The Aggregate Limit of Liability is stated in the Schedule. If this amount is not enough to pay all claims in full, then We will reduce each Insured Person’s Benefit proportion- ately so We do not pay more than the Aggregate Limit of Liability.

Aggregate Limit of Liability means the maximum amount payable for all claims by any one or all Insured Persons combined under the Policy in any one Period of Insurance as set out in the Certificate of Insurance under the heading “Aggregate Limit of Liability”.

Aggregate Limit of Liability means the largest amount that will ever be paid by the Company to or on behalf of any Insured during a single Policy term for any Claim or series of Claims, including amounts paid for Claim Expense, Defense Cost and Damages. Loading and Unloading

Aggregate Limit of Liability. Premium: $10,000,000, excess of $40,000,000 $109,250 Claim Reporting Provisions: This policy is written on a claims-made basis and follows form of the primary policy reporting provisions. Be advised that late reporting may result in a disclaimer of coverage letter from the insurer.

Aggregate Limit of Liability means the maximum amount we will pay for all claims arising under the Policy made by all insured persons during the Period of Insurance.

Aggregate Limit of Liability means the maximum amount payable as stated in the Declarations by us in respect of all claims and losses.

Aggregate Limit of Liability means the total maximum aggregate liability of the Insurer under the policy, as specified in Item 4 of the Insurance Contract, in respect of all Insuring Clauses and applicable Extensions, (other than with respect to Extensions Error! Reference source not found. and Error! Reference source not found.), irrespective of the number, timing or amount of Loss, Wrongful Acts, Claims or the number of Insureds who claim.