Per Occurrence Limit of Liability definition

Per Occurrence Limit of Liability means the applicable Per Occurrence Limit of Liability stated in ITEM 9 of the Declarations.
View Source
Per Occurrence Limit of Liability means the limit of liability for each Occurrence covered and set out at Item X of the Schedule for that Coverage Section.
View Source

Examples of Per Occurrence Limit of Liability in a sentence

  • This Coverage Section is specifically excess of, and will not contribute with, any other valid and collectible insurance available to any Insured or any other party with interest in any loss covered by this Coverage Section, unless such other insurance is written specifically in excess of any applicable Per Occurrence Limit of Liability provided by this Coverage Section.

  • Subject to the terms, conditions and limitations of this Coverage Section, the Underwriter will then pay to the Organization the amount of loss in excess of the applicable Deductible, up to the applicable Per Occurrence Limit of Liability.

  • The applicable Per Occurrence Limit of Liability stated in ITEM 9 of the Declarations shall be the maximum limit of the Underwriter’s liability for all loss resulting from an Occurrence, regardless of the number of Insureds sustaining such loss.

  • If any loss is covered under more than one Insuring Agreement of this Coverage Section, the largest applicable Per Occurrence Limit of Liability of any such Insuring Agreement shall be the maximum of the Underwriter’s liability for such loss.

Related to Per Occurrence Limit of Liability

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Guarantee/Warranty/ Defect Liability Period (DLP) means the period and other conditions governing the warranty/guarantee/defect liability period of the services as provided in the Contract.

  • Loss Occurrence means the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;