Q&As

Where an insurance policy is stated to have a limit of indemnity which is 'any one claim and in the aggregate' how does this differ from an aggregate cap?

read titleRead full title
Published on LexisPSL on 08/06/2016

The following Construction Q&A provides comprehensive and up to date legal information covering:

  • Where an insurance policy is stated to have a limit of indemnity which is 'any one claim and in the aggregate' how does this differ from an aggregate cap?

Where an insurance policy is stated to have a limit of indemnity which is 'any one claim and in the aggregate' how does this differ from an aggregate cap?

The most obvious and straightforward method for a party to protect itself is to limit its financial liability under a contract by agreeing a financial cap. Some parties take the approach that they are willing to accept unreasonable or onerous clauses in contracts provided they cap their ultimate liability. Doing so may provide the ring-fence

Related documents:

Popular documents