What is the aggregate limit of liability?

The aggregate limits are part of commercial general liability (CGL) and professional general liability insurance policies. Insurance policies limit not only how much they will pay for a single incident; but the aggregate limit of liability is the limit for the entire policy term, which is typically one year.

What is aggregate insurance?

The aggregate insurance definition is the highest amount of money the insurer will pay for all of your losses during a policy period—this period typically lasts for one year. On certain types of insurance coverage, an aggregate limit is put in place.

What are aggregate limits in insurance?

Aggregate limits in insurance refer to the maximum amount an insurer will reimburse a policyholder for covered losses during a specific time period. They are a fundamental aspect of insurance policies, determining the financial boundaries of coverage. How Do Aggregate Limits Differ from Per Claim Limits?