What is the general aggregate limit applied to injury or medical expenses under a businessowners policy?

The general aggregate limit in a businessowners policy is designed to provide a cap on the total coverage available for all claims within a policy period for certain types of losses, particularly injury or medical expenses. Typically, this limit is set at two times the policy's liability and medical expenses limit. This structure helps insurers manage risk while providing business owners with a worthwhile level of financial protection against multiple claims that may arise over the policy's duration.

The reason the correct answer emphasizes this multiplicative factor is to ensure that policyholders have sufficient coverage while the insurer can maintain stability. Having an aggregate limit calculated this way is a common practice in insurance policies, as it balances the needs of businesses with the realities of risk management for insurers.