Per occurrence limit

{
  "id": "MLC-T-INS-002539",
  "term": "Per occurrence limit",
  "field": "Insurance and risk management",
  "definition": "The maximum amount an insurer will pay for all claims arising from a single incident or event, regardless of the number of individuals injured or the extent of property damage. This limit applies to the entire occurrence, encompassing all related losses. It is a common feature in liability policies, setting the financial boundary for the insurer's responsibility for any one event.",
  "url": "https://mlchart.com/terminology/insurance/per-occurrence-limit/"
}