What is a general aggregate limit vs. a per-project aggregate limit?

General Aggregate Limit: The total limit for all claims during the policy term. Per-Project Aggregate Limit: Separate aggregate limits apply to each project, which is beneficial for construction businesses.

A general aggregate limit is the total amount the policy will pay for all claims during a policy period, while a per-project aggregate limit applies separately to each project, offering greater coverage for businesses handling multiple projects.

A construction company working on multiple projects opts for a per-project aggregate limit, ensuring each project has its own coverage limits.

If your business handles multiple projects simultaneously, consider a per-project aggregate limit for adequate coverage on each project.