Limit of indemnity Clause Samples
The "Limit of Indemnity" clause sets a maximum amount that an insurer will pay for claims arising under an insurance policy. This limit can apply per claim, per event, or in aggregate over the policy period, and may include or exclude legal costs depending on the policy wording. By clearly defining the insurer's financial exposure, this clause protects both parties by ensuring predictability of coverage and preventing unlimited liability.
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Limit of indemnity liability in excess of the limit of indemnity stated in the schedule.
Limit of indemnity. 3.1 Not less than £10,000,000 in respect of any one claim and in the aggregate per annum.
Limit of indemnity. Not less than £5,000,000 in respect of any one occurrence, the number of occurrences being unlimited, but £5,000,000 any one occurrence and in the aggregate per annum in respect of products and pollution liability.
Limit of indemnity. Limit of Indemnity represents Our maximum liability to make payment for each and every claim per person and collectively for all persons mentioned in the Schedule during the policy period and in the aggregate for the person(s) named in the schedule during the policy period, and means the amount stated in the Schedule against each Cover.
Limit of indemnity liability in excess of the limit of indemnity stated in the schedule within the e-certificate.
Limit of indemnity. Our liability under this section in respect of any one claim shall not exceed the amount stated as the limit of indemnity in the schedule exclusive of defence costs that will be payable in addition to the limit of indemnity unless such defence costs are expressly stated in any clause as included within the limit of indemnity. Where provided, the limit of indemnity in respect of North America will always be in the aggregate inclusive of defence costs and the limit granted is deemed to be part of and not in addition to the overall policy limit of indemnity specified in the schedule.
Limit of indemnity liability in excess of the limit of indemnity stated in the schedule except for payment of defence costs where defence costs are stated to be payable in addition to the limit of indemnity.
Limit of indemnity. The liability of the Underwriter shall not exceed during the Defects Insurance Period and/or the Structural Insurance Period the amount shown as the Sum Insured on the Certificate of Insurance or the relevant limit in the Financial Limit section of this Policy, whichever is the lesser. The Limit of Indemnity is index linked in accordance with Condition 5 of the Policy.
Limit of indemnity. Not less than USD50,000,000 in respect of any one occurrence, the number of occurrences being unlimited but in the aggregate in respect of sudden and accidental pollution and products liability.
Limit of indemnity. 7.27.1 For Section – Professional Liability
a) Limit of indemnity means the amount specified in the schedule, which shall be the maximum amount payable by us in respect of any one claim: claims against you and