How many aggregate limits does the Commercial General Liability Policy include?

The Commercial General Liability (CGL) Policy typically includes two aggregate limits: one for "general aggregate" and one for "product-completed operations aggregate."

The general aggregate limit is the maximum amount the insurer will pay for all covered claims during the policy period, excluding any amounts applicable to personal and advertising injury, or any other aggregate limit specified in the policy. The product-completed operations aggregate, on the other hand, is specifically concerned with claims arising out of product hazards or completed operations.

This structure allows businesses to have a cap on their liability coverage while distinguishing between different types of risk exposure that the policy covers. Therefore, the presence of these two distinct aggregate limits reflects how the policy is designed to respond to various liability claims effectively.