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General Liability Insurance Overview

General Liability coverage pays claims for both bodily injury and Property damages that you are legally obligated to pay due to your negligence. Coverage is issued in the following categories

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Per Occurrence limit:  The maximum amount of money the insurance company will pay for an individual claim

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Aggregate Limit: This is the maximum an insurance company will pay in a given policy period. For example, If you have a $2,000,000 aggregate limit and a $1,000,000 Occurrence limit you could have two one million dollar claims during a policy period

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Products and completed operations: The maximum amount the Insurance co will pay for a claim arising from work you have completed.

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Fire Damage This is incidental coverage that pays the maximum amount the insurance co will pay to damage to property you lease when the damage was caused solely by you negligence.

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Medical Payments This is incidental coverage that pays claimants, up to the specified amount, money to avoid litigation

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