In a cgl policy, under both occurrence and claims made forms Limits of Insurance.
Limit of Insurance — the maximum amount that an insurer will pay in the event of a covered loss under an insurance policy. The maximum amount your insurance will pay for claims on each type of coverage you have is specified in your policy limits. You may be held personally liable if you incur additional expenses after your insurance has paid up to the limit. In some cases, you can specify the limit of a policy. Other times, you may be required to meet minimum requirements set by the government or another party in order to obtain the desired limit.
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