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There are two limits of commercial liability insurance that you need to consider when purchasing a policy. The first is what the policy will pay max for one loss during the policy term. This is called the Occurrence limit. The second is what the policy will pay out max for multiple losses. This is called the Aggregate limit. For example a policy may have a $500,000 occurrence limit with a $1,000,000 aggregate limit.

This would mean that the policy would pay out a max of $500,000 for any one claim during the policy term and they would pay out a max of $1,000,000 total for all claims during the policy period.

Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!

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Q: What is commercial general aggregate insurance?
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Related questions

In the Commercial General liability what liability exposures has its own aggregate that is separate from the general aggregate?

Premises and operations.


What does general aggrEGATE insurance cover?

Aggregate = per year, which generally is the policy period.


How does commercial general aggregate insurance protect the customer?

The aggregate limit can be higher than the per occurrence limit of the policy, thus providing additional coverage should multiple claims be filed against the insured.


Who is the actress in the general insurance commercial?

The name of the actress with red hair in The General Insurance commercial is named Tommy Carl.


Diffenance in commercial and non commercial insurance?

Commercial Insurance is for a business. (general liability, worker's comp, etc.) The term "non-commercial" insurance isn't generally used. There is commercial insurance and personal insurance (i.e. homeowners, personal auto)


What companies offer general liability insurance for commercial workplaces?

All the major insurance companies offer general liability insurance for commercial workplaces. Some of these are Nationwide, Progressive and Allstate.


What is the limit per project to the commercial general aggregate?

This will vary with the surety company and the state in which you reside. No easy answer.


Insurance for mobile mechanic repairs?

You need commercial General Liability Insurance


Was Ricky Gervais in a General insurance commercial?

yes


Where do you buy General liability insurance?

General Liability insurance is purchased through any insurer that provides commercial insurance lines coverage.


What is no limit to the commercial general aggregate?

this means that the ins co. will cover all the accidents during this policy period


What type of insurance is needed for floor cleaning business?

Commercial General Liability Insurance.