What is the limit of indemnity?
The Limit of Indemnity is the maximum amount that insurers are liable to pay in respect of any one claim, or series of claims, during the policy period. The Limit is an “aggregate” limit so all claims notified within the policy period must not exceed the stated level and will include costs and expenses incurred in defending you. Hamilton Fraser now offers a standard limit of indemnity of £5,000,000 any one claim and in the aggregate.