Per Project Aggregate
An endorsement that applies the general liability aggregate limit separately to each project, so claims on one job do not use up the limit for the others.
What it means for your firm
Without it, one annual aggregate is shared by every project the firm works on during the policy year.
Owners and GCs often require it in contracts. It is added by endorsement to the general liability policy.
General definition for education only. It is not an interpretation of any policy or contract, and it is not legal advice. The wording of your own policy and contract controls. Policies and definitions vary by insurance company.
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Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.