Designated construction project general aggregate limit endorsement

{
  "id": "MLC-T-INS-001143",
  "term": "Designated construction project general aggregate limit endorsement",
  "field": "Insurance and risk management",
  "definition": "An addition to a commercial general liability policy that modifies the general aggregate limit to apply separately to each designated construction project. This endorsement provides a dedicated aggregate limit for each specific project, rather than a single limit shared across all of an insured's operations. It is commonly used in construction contracts to satisfy owner or general contractor insurance requirements.",
  "url": "https://mlchart.com/terminology/insurance/designated-construction-project-general-aggregate-limit-endorsement/"
}