Insurance Limits definition
Examples of Insurance Limits in a sentence
Insurance Limits and Coverage: To the extent applicable, the amounts and types of insurance will conform to the minimum terms, conditions, and coverage of Insurance Service Office (ISO) policies, forms and endorsements.
Minimum Insurance Limits (USD): (i) Automobile Liability (AL) - $1,000,000 per occurrence; (ii) Commercial General/Products Liability (GL) - $2,000,000 per occurrence; (iii) Employer’s Liability - $1,000,000 per occurrence; (iv) Worker’s Compensation – Statutory or Equivalent Government Scheme.
Employers’ Liability insurance for employee accidents or diseases (Employers’ Liability Insurance Limits: One Million Dollars ($1,000,000.00)) per employee: Aggregate Limit for disease: One Million Dollars ($1,000,000.00).
Minimum Insurance Limits: $1,000,000 per occurrence, $3,000,000 aggregate.
Reinsurance coverage under a conditional receipt or temporary insurance provision is limited to the Reinsurer’s share of amounts within the Conditional Receipt or Temporary Insurance Limits specified in Exhibit B.