This form combines the two forms described in 1. above. However, it limits all loss payments to two aggregate limits, one for products and completed operations and one for all other losses. The name of this form is similar to that of the older form used above, so care must be used in distinguishing between the names of these forms. Also, some policies even eliminate the aggregate limit. The aggregate limit is the total amount the policy will pay in one year.
Prior claims can exhaust the amount of insurance available to pay on a current claim.
It is important to ask if there are any claims pending, if the policy has an aggregate. If prior claims paid or filed exceed the policy annual aggregate, you are not receiving any coverage at all. This coverage insures against liability claims arising out of the contractor's use of automobiles. The symbol used in the policy defines the scope of cover. Below are descriptions of automobile designation symbols quoted from standard language used by insurers.