Aggregate Limit of Indemnity

An ‘Aggregate’ limit of indemnity is found on a Professional Indemnity policy and it means that the policy will only cover the cost of claims up to the cover limit you have selected. Each claim you have in the year effectively reduces the amount of cover you have left in your policy for any subsequent claims. So, if you have £1m of cover and a claim for £400,000, you would have £600,000 of cover left in the policy year. The alternative to an ‘Aggregate’ policy is an ‘Any One Claim’ policy – a more expensive option that provides more cover.