Limit of Indemnity definition

Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.
Limit of Indemnity means the amount stated in the Schedule, which shall be the Company’s total liability under this Policy (inclusive of Damages and/or Defence Costs, and regardless of the number of Insureds or claimants or the total number or amount of Claims made against the Insured) for any one Claim and in the aggregate for all Claims made against the Insured during the Policy Period.
Limit of Indemnity means the amount stated in the Schedule against each relevant Section, which shall be Our maximum liability under this Policy (regardless of number of Claims made) for any one claim and in the aggregate for all claims under such Section subject to deductible specified in the policy schedule.

Examples of Limit of Indemnity in a sentence

  • In respect of all Events happening during any one Period of Insurance in respect of products supplied the most We will pay is the Limit of Indemnity in respect of Products shown under Section 2 (Public Liability/Products Liability) in Your Schedule.

  • Our right to pay the full limit at any time In respect of any one Event We may pay the Limit of Indemnity shown under Section 2 (Public Liability/Products Liability) in Your Schedule (less any sums already paid or incurred) or any lesser amount for which any claims arising from the Event can be settled.

  • Our right to pay the full limit at any time We may pay the Limit of Indemnity shown under Section 3 (Legal Defence Costs) in Your Schedule (less any sums already paid or incurred) or any lesser amount for which any claims You have notified to Us can be settled.

  • Parties to the contract of insurance If We have to provide cover for more than one person Our liability will not be more than the Limit of Indemnity shown under Section 2 (Public Liability/Products Liability) in Your Schedule.

  • The most We will pay Irrespective of the number of Persons Entitled to Indemnity the most We will pay in any one Period of Insurance for legal defence costs is the Limit of Indemnity shown under Section 3 (Legal Defence Costs) in Your Schedule.


More Definitions of Limit of Indemnity

Limit of Indemnity means the amount stated in the Schedule, which shall be the Company’s maximum liability under this Policy (regardless of the total number or amount of Claims made) for any one Claim and in the aggregate for all Claims during the Policy Period.
Limit of Indemnity means the amount(s) stated in the Schedule or any lesser limit shown in the Schedule or Policy. The Limit of Indemnity is:
Limit of Indemnity means the amount stated in the Schedule.
Limit of Indemnity means the amount specified in the Schedule.
Limit of Indemnity means the maximum amount of indemnity as specified in the Schedule that will be provided under this Policy by the Company in respect of
Limit of Indemnity means the maximum amount payable by Underwriters in respect of any one Claim (or Claim(s) arising out of or attributable to the same originating cause or source or the same act, error or omission, event or transaction or in any way related to such cause or source, act, error or omission, event or transaction) under this policy irrespective of the number of claimants and/or the number of Insureds and/or the number of Insuring Clauses and/or Automatic Extensions applicable.
Limit of Indemnity means the amount(s) stated in the Schedule as the Limit of Indemnity or any lesser limit shown in the Schedule or this document. The Limit of Indemnity is inclusive of and not additional to any applicable Excess.