What Is a Business Insurance Policy Limit?

What Is a Business Insurance Policy Limit?

When buying a business insurance policy, business owners have many options to help protect their companies or professions from expensive losses that may arise if something goes wrong or are sued. One of these options is the policy’s coverage limits. The policy or coverage limit is the maximum amount of money an insurance company will pay for a covered loss during a policy period (usually one year).  As an overall insurance policy consists of a c…