What is Per policy vs per project?
This refers to the "aggregate" limit of your general liability
policy. Look at your policy declarations and you'll likely see
something like this:
General Aggregate: $2,000,000
Prod/Comp Ops Aggregate: $2,000,000
Each Occurence: $1,000,000
Personal/Adv Injury: $1,000,000
Fire Legal Liablity: $100,000
Medical Payments: $5,000
A "Per Policy" aggregate means the most your insurer will pay
for the total of all claims during your policy term (usually one
year) is the first number - $2M.
A "Per Project" aggregate means the insurer will pay the same
$2M for all claims that occur from any specific project.
Frequently, the "Per Project" endorsement requires that each
separate project be listed by name.
Expect the insurer to charge you for a "Per Project" aggregate -
it greatly increase the amount they could potentially pay during
the policy term.