Definition: The aggregate limit is the most a policy will pay for all covered claims during the policy period.

Why it matters for salons and spas

Association plans sometimes share an aggregate across many members; an individual aggregate protects you better.

Example

A policy with a $2 million aggregate pays no more than that total across all claims in the year.

Related terms

Per-Occurrence Limit · Sublimit

Learn more: membership vs. business policy · full glossary · salon insurance questions.

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