noun
per-occurrence limit
Appears on:GL ·Commercial auto ·Umbrella
In plain English
The most your insurance will pay for any single claim or incident.
Paired on the dec page with the aggregate limit (the year-total). On a $1M / $2M GL policy, $1M is the per-occurrence and $2M is the aggregate.
What it covers
One incident's worth of payouts — the single biggest check the insurer will write for one event.
What it does not cover
It is NOT the year's total. The aggregate limit is the year's total; the per-occurrence is the per-event ceiling.
Where it trips people up
Severe claims can exceed the per-occurrence limit even if the aggregate has plenty left. The defense is umbrella coverage stacked above.
The technical version
The maximum the insurer will pay for damages arising out of any one occurrence, regardless of the number of claimants, claims, or insureds involved in that occurrence.