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A "Per location aggregate" is an endorsement added to Commercial General Liability policies which extends separate liability limits for each location as opposed to sharing one limit. For example.... If you have a policy with 2 locations covered with a $1m Occurence/$2m Aggregate limit and you DO NOT have a "Per Location Aggregate" then both locations would share the $1m/$2m limit. If your policy includes a "Per Location Aggregate" Endorsement the both Location #1 and Location #2 would each have separate $1m/$2m limits in the event of a loss.
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∙ 15y ago
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Is the primary per location aggregate follow form on the excess?
No
Are per project aggregate and per location aggregate the same thing?
No, per project aggregrate applies seperately to each project during the policy period, per location aggregrate applies uniquely to the locations worked at during the policy period. Per location doesnt seem that common...
What does general aggrEGATE insurance cover?
Aggregate = per year, which generally is the policy period.
Does per project aggregate override per policy aggregate?
You should check your specific policy or have a broker do it because per project endorsements can vary from carrier to carrier and be restricted. The answer to your question is yes though, per project CAN override the policy aggregrate, the endorsement should indicate how much by, usually 5x original aggregrate max, etc. Also this only comes into pla yif the claims happen on seperate projects..it doesnt increase the per occurence or per location aggregrate.
What is Homeowners insurance stated aggregate limit?
Aggregate limits general are referring to the liability portion of the policy, the aggregate limit is a pre-determined dollar amount up to which an insurance policy will cover an insured per year or policy period or accident. As an example, your limit is 100k per person 300k per accident/loss, and 500k aggregate, so each person could get up to 100k per person, but only 300k per accident, and no more than (no matter how many accidents in that policy period) 500k aggregate....clear as mud isn't it? If you have a specific coverage that you are wondering about I would be happy to assit, check your policy for the length of the aggregate amount..should say , 'during policy period or per calendar year etc.''
What is the density of aggregate of 20mm?
1.5 tonnes per Cubic metre.
What does Aggregate mean in general liability?
In a insurance policy, the limit of liability is often expressed as a value per occurrence and a separate value as an aggregate limit. The policy will pay no more than the per occurrence limit for each covered occurrence Further, the pay no more than the aggregate limit for all claims during the policy period. On an insurance policy it would often be expressed as $1,000,000/$2,000,000 occurrence / aggregate The numbers listed above could be replaced by any other number, however the aggregate limit will never be less than the per occurrence limit. Alternatively, the limit could be split between per claim and aggregate instead of per occurrence and aggregate This has no effect on the meaning of aggregate in the policy. Mark Walters, ARM AAI West Insurance Group mwalters@westagy.com In a nutshell, aggregate means the total paid out for all incidents during the policy period. In the above example you could have 2 claims during the insured period for $1m each but not 3, as 3 x $1m is more than the aggregate limit.
You m3 equal to how much ton aggregate?
Ok - some facts, a/ About 105lbs of aggregate per cu foot. b/ 27 cu feet per yard c/ 1 cu yard is 0.765 cubic meters d/ 1 ton is 2000lbs (as compared to a metric TONNE - which is about 2200) Therefore... 105 x 27 = 2835 lbs of aggregate per cu.y 2835/0.765 = 3705lbs of aggregate per cu.m 3705/2000 = 1.85 Ton/cu.meter
What is the definition of per project aggregate?
The project agg must be added to a CGL by endorsement. This will provide for the full amount of your per occuerence limit to that project. If your policy limits are set for $1,000,000 per occuerence and a general policy aggregate of $2,000,000 you would be able to use the $1,000,000 limit for the per project aggregate. This is all subject to your carrier approving this type of transaction. However it is very commonly done.
What is Density Basket?
for desity test on aggregate as per procedure lay down
How much does a ton of aggregate base cost?
I got a quote for $20.36/ton today class 2 aggregate base. (1.8 tons per cubic yard).
Convert 1 cubic meter of aggregate to kg?
The density of aggregate can vary, but on average it is around 1.5 tonnes per cubic meter. Therefore, 1 cubic meter of aggregate would weigh approximately 1500 kg.
