Any One Claim Limit of Indemnity

An ‘Any One Claim’ limit of indemnity is found on a Professional Indemnity policy and it means that the cover limit you select is applied to every claim that happens during the policy year. So, if you select £1m of cover and have three claims in the year for £900,000 each, the costs of all three totalling £2.7m would be covered. ‘Any One Claim’ policies provide a higher level of cover than ‘Aggregate’ policies and so they tend to cost more.