Can we “buy-up” the General Aggregate Limit? (e.g., if ING normally provides $5M General Aggregate Limit where Each Occurrence Limit is $5M, would you consider $5M Each Occurrence/$10M General Aggregate?) As brokers, we are concerned that in the unlikely case that a single event exhausts the General Aggregate, our client will be left with no coverage for the remainder of the policy period on premises/operations losses.

The majority of clients purchase CGL coverage with Each Occurrence Limits of $1Million or
$2Million. In order to facilitate ease of doing business we decided on a standard approach
which would provide the coverage that would address the needs of most of our customers.
By giving 5 times the occurrence limit, we have allowed for multiple claims, multiple projects or multiple locations within the context of at least 90% of our customer base.
Based on broker feedback, received during our presentation sessions, we agreed that there may be gap on a small percentage of business, in particular where we insure risks with multiple locations or are larger contractors with multiple projects in progress simultaneously during a policy term. As a solution, for these unique customers, we agreed the we would consider attaching a Designated Locations General Aggregate Limit endorsement, which applies the General Aggregate on a per-location basis or, for larger contractors with projects taking place at multiple project sites at the same time, the Designated Project Site General Aggregate Limit. Other options brokers may wish to consider are to increase Each Occurrence Limit on the CGL, or to suggest Excess or Umbrella coverage to insureds.
For clients that purchase higher Occurrence Limits and present potential for a large event, where the insured would benefit from doubling the General Aggregate, discuss this with your underwriter who will give it every consideration. Ultimately, the purpose of the General Aggregate is to allow insurers to assess the gross capacity of a risk.