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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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