What is Per-Occurrence and Aggregate Limits?
Also called: Per Occurrence Limit, Aggregate Limit
A per-occurrence limit is the most an insurer pays for any single claim; the aggregate limit is the most it pays in total across the whole policy period. A policy written as $1,000,000 / $2,000,000 pays up to $1M per claim and $2M for all claims combined during the term.
Why it matters for sellers
Marketplace requirements are stated in these terms. Amazon requires at least $1,000,000 per occurrence and in aggregate; Walmart requires $1,000,000 per occurrence and $2,000,000 aggregate. Read both numbers, because the aggregate can be exhausted by earlier claims.
Example
With a $1M/$2M policy, two separate $1M product claims in one year are both covered, but a third would exceed the aggregate.
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Questions
What does $1,000,000 / $2,000,000 mean on a policy?+
It pays up to $1,000,000 for any one claim and up to $2,000,000 total for all claims during the policy period.
Definition based on Insurance Information Institute and IRMI Glossary of Insurance & Risk Management Terms. Reviewed 2026-07-01. This is general information, not insurance advice.