What is the general aggregate limit under BOP liability for bodily injuries?

The general aggregate limit under a Businessowners Policy (BOP) for liability coverage is designed to cap the total payouts for all claims made during a policy period. This limit is typically structured to be twice the per occurrence limit.

For example, if the per occurrence limit is set at $1 million, the general aggregate limit would be $2 million. This structure is in place to provide both a maximum payout for any single incident (the per occurrence limit) and a broader cap for all incidents occurring within the policy period (the aggregate limit). This helps insurers manage their risk while still offering substantial coverage for businesses.

This option is consistent with standard BOP liability coverage structures, ensuring that businesses have a balance between sufficient protection for individual claims and an overall limit to their liability exposure within a given period. Understanding these limits is crucial for insurance adjusters when evaluating and managing claims effectively.