General Each Occurrence Limit
What Does “General Each Occurrence Limit” Mean?
The General Each Occurrence Limit is the most your insurance company will pay for a covered claim.
What Is the Difference Between General Each Occurrence vs. General Aggregate?
While the General Each Occurrence Limit is the most your insurance will pay on a single claim, the Aggregate Limit is the maximum amount your insurance will pay within the policy period.
If you reach the Aggregate Limit before your policy ends, your insurance will not cover any additional claims, even if they’re lower than your General Each Occurrence Limit.
What Does “General Each Occurrence Limit” Mean for My Insurance Policy?
The Each Occurrence Limit is the most your insurance can pay per claim, so it’s important to evaluate your business needs to make sure that’s enough. If you’re required by contract to have a higher Each Occurrence Limit, you’ll need to invest in an excess liability policy.
General Each Occurrence Limit Example
