The aggregate limit of a commercial general liability (CGL) policy is the maximum amount the insurer will pay per what?

The aggregate limit of a commercial general liability (CGL) policy is correctly defined as the maximum amount the insurer will pay for all claims made during a specified policy period. This limit encompasses multiple claims or occurrences that may arise from various incidents, providing a cap on the total amount payable regardless of the number of claims filed.

During the policy period, the insurer has an obligation to cover claims up to the aggregate limit, promoting a balance between providing coverage to policyholders and managing the insurer's financial exposure. Understanding this limit is crucial for businesses to ensure they have adequate coverage for multiple incidents that may happen in a given year.

While other options refer to different aspects of liability coverage—like individual claims or occurrences—none appropriately capture the comprehensive nature of the aggregate limit across the entire policy duration.