The two limits you will see most
A per-occurrence limit is the most an insurer will pay for any single claim. An aggregate limit is the most it will pay in total during the policy period. A certificate showing $1M per occurrence and $2M aggregate means one claim is covered up to $1M, but once $2M in total claims is reached, the policy stops responding.
Reaching higher limits
When a contract requires a high limit like $5M, a partner often meets it by stacking an umbrella or excess policy on top of a primary one. Read both together toconfirm the combined limit actually reaches your requirement.
Why it matters for compliance
Setting and checking limits is how you make sure a partner's coverage is sized to the work they do for you. A limit that looks fine in isolation may be far too low for the exposure involved.
