What is aggregate excess?
This additional benefit limits the total excess the firm will pay for the insurance period to three (3) times the selected ‘per claim’ excess. For example, if a firm has an excess of £1,000, the firm would only pay £3,000 over the course of any one year. Without an aggregate excess, a firm would have a potential liability of £1,000 for each and every claim and circumstance reported during the course of the policy period. As the firm is able to limit its exposure in this way, we charge an additional premium for this coverage.
