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ABC Company has an occurrence-triggered CGL policy with a $1 million each occurrence limit, a $1 million general aggregate limit, and a $1 million products-completed
ABC Company has an occurrence-triggered CGL policy with a $1 million each occurrence limit, a $1 million general aggregate limit, and a $1 million products-completed operations aggregate limit. The company has three claims resulting from three separate accidents occurring in the same policy period:
Claim | Damages Awarded | Type of claim |
1 | $600,000 | Products liability |
2 | $800,000 | Premises liability |
3 | $1,200,000 | Products liability |
No other claims were made against ABC for injuries occurring during that policy period. How much will ABCs insurer pay for each claim? Explain your answer.
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