Check whether the stated limit applies per claim, per event or across the policy period. Also ask whether defence costs consume that limit.
For a contract requiring insurance, record the limit required by the customer and ask your adviser to check the actual policy wording against that requirement. A certificate alone may not answer every condition.
Do not treat the limit as a guaranteed payment: the loss must first fall within the cover.
Sources
- AIG Singapore: Commercial General Liability policy wording
Pages 3, 6–9 and 18: contract, schedule, liability limits, defence costs, deductible and subrogation.
Reviewed 23 October 2026 · Source details