The most your insurance pays for any single incident.
The per occurrence limit is the maximum amount an insurer will pay for any single covered event or claim under a liability policy, regardless of the number of claimants involved. This limit resets with each separate occurrence during the policy period, subject to the overall general aggregate limit. For example, a policy with a $1 million per occurrence limit and a $2 million aggregate will pay up to $1 million per event but no more than $2 million total in a policy year.
A contractor's $1 million per-occurrence CGL limit covers a $750,000 settlement after a worker's fall injures a pedestrian at a downtown jobsite.
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