General aggregate limit

{
  "id": "MLC-T-INS-001629",
  "term": "General aggregate limit",
  "field": "Insurance and risk management",
  "definition": "The maximum amount an insurer will pay for all covered losses under a liability policy during a specific policy period, regardless of the number of occurrences or claimants. Once this limit is reached, the insurer's obligation for further payments ceases for that policy term. This limit applies to bodily injury, property damage, and personal and advertising injury claims, but excludes products-completed operations aggregate limits.",
  "url": "https://mlchart.com/terminology/insurance/general-aggregate-limit/"
}