Aggregation

An aggregate limit is the maximum total amount an insurer will pay across all claims made or notified under a liability policy during the policy period, irrespective of the number of separate claims.

An aggregation clause is a policy provision that treats two or more claims, losses or circumstances as a single claim for the purposes of the limit of indemnity, the excess, or both, where they share…

A deductible is the amount of each loss the insured retains before insurer indemnity engages; in modern UK usage the term is largely interchangeable with "excess", although it retains specific histori…

"Each and every loss" is a basis on which a limit, excess or deductible applies separately to each individual loss or claim, rather than collectively across all losses in the policy period.

An excess is the amount the insured retains on each claim before the insurer's indemnity engages, functioning as a first-loss layer that the insured must absorb either from its own resources or from a…

"Originating cause" is the broadest of the unifying factors commonly used in aggregation clauses, treating losses as a single claim where they can be traced back to a common underlying source even tho…

A per claim limit is the maximum amount an insurer will pay in respect of each individual claim under a liability policy, irrespective of how many separate claims are notified during the policy period…

"Series of related matters" is an aggregation trigger that treats claims as a single claim where they arise from the same act or omission, or from similar acts or omissions, occurring in a series of s…

"Series of related transactions" is an aggregation trigger that treats claims as a single claim where they arise from the same or similar acts or omissions occurring across a sequence of transactions…

"Single act or omission" is a relatively narrow aggregation trigger that treats claims as one claim only where they arise from the same identifiable act or failure to act on the part of the insured.