Understanding What is Aggregate Insurance Limits: A Guide

Aggregate insurance limits play a vital role in determining the maximum amount an insurance company will pay for claims during a policy period. It is crucial for businesses to understand the concept of aggregate insurance limits in order to ensure they have adequate coverage. In simple terms, the general aggregate limit represents the maximum amount an insurer will pay for all claims within a specific policy period. This limit applies to various types of liability insurance, including general liability and professional liability insurance. If the aggregate limit is reached before the policy period ends, the insured will be responsible for

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