What is commercial general aggregate insurance?

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!

State Insurance Department websites: Visit the Related Links for a link to the site.