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What is an aggregate level of cover?

April 26, 2017aggregate cover level

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What is an aggregate level of cover?

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This feature allows firms to reduce their premium significantly by capping the total limit of indemnity required over the policy period. Firms can cap this at three (3) times the limit of indemnity. Alternatively, for an even greater reduction in premium, it can be capped at the total limit of indemnity per claim. This option is not available to firms regulated by the ACCA and AAT.