What is general aggregate limit other than products-completed operations

The General Aggregate Limit This aggregate limit is the most the insurer will pay for all sums as damages because of bodily injury, property damage, personal and advertising injury except for those sums paid as damages because of bodily injury or property damage included within the products-completed operations hazard.

What is general aggregate limit?

The general aggregate limit applies to the total amount insurance companies will pay for covered losses during the policy period. If you reach the limit before the end of your policy period and there's another claim, you'll have to cover the costs out of pocket.

What does aggregate mean on insurance policy?

Aggregate — (1) A limit in an insurance policy stipulating the most it will pay for all covered losses sustained during a specified period of time, usually a year. Aggregate limits are commonly included in liability policies.

Which limit is not included in the general aggregate limit?

The only circumstances in which the general aggregate limit does not apply is to damages because of bodily injury or property damage arising out of the products-completed operations hazard.

What is covered in products and completed operations?

What Is Products-Completed Operations Coverage? Products-Completed Operations Coverage helps cover liability claims resulting from your business' product or completed operations that were done away from your location. It can help cover claims that your business caused bodily injury or property damage.