Common use of Our Limit of Liability Clause in Contracts

Our Limit of Liability. The limit of liability as stated on the Declarations page as applicable to "each person" is the limit of our liability for all medical expenses for bodily injury to any one person as the result of any one accident. BUT, subject to the above provision regarding “each person”, our total liability, under this endorsement, for all medical expenses for bodily injury to two or more persons as the result of any one accident will not exceed the amount of $25,000 unless an increased amount is shown on the Supplemental Declarations. The Manufacturers' and Contractors' Liability Insurance Coverage (LS-3) is the standard insuring agreement forming a part of this policy. We pay up to $25,000 (or the additional amount specified on the Declarations or Supplemental Declarations) for bodily injury and property damage caused by an occurrence within the coverage territory during the policy period. The LS-3, or any substitute form shown on the Supplemental Declarations, will be included in it's entirety with this policy. The complete Manufacturers' and Contractors' Liability Insurance Coverage (or other insuring form which you select) consists of the Declarations Page, Supplemental Declarations Page, the LS-3 Booklet (or other insuring form booklet that you selected) and other endorsements which may be added, including State required endorsements. It is important that you read each part of your policy carefully to understand the coverage provided, your obligations and our obligations under the policy. Each coverage part is subject to all of the terms relating to that coverage. This policy also provides Incidental Coverages. These Incidental Coverages are subject to all of the terms of the applicable Principal Coverage. These Incidental Coverages do not increase the amount of insurance stated for the Principal Coverage.