Per-Occurrence Limit
Definition. Per-Occurrence Limit is the maximum your policy will pay for a single claim or incident.
Also known as: Per-Claim Limit, Per-Incident Limit
Standard small-business GL is $1M per-occurrence. Combined with the Aggregate Limit (which caps total annual claims), determines maximum payout.
Example
$1M per-occurrence / $2M aggregate GL. Single $1.5M slip-and-fall claim — policy pays $1M, customer pursues the remaining $500K from your assets.
Sources cited
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Reviewed by California-licensed Property & Casualty insurance agent
Jason Wootton (CA License #0I94454). Not insurance advice, an individual recommendation, or a solicitation in any state. Insurance regulations vary by state. For specific coverage decisions, consult a licensed insurance agent in your state.
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