The limit is the maximum amount to be paid by THREE for a given claim. (All limits are explained in the Quote Summary prior to purchasing your policy.) For liability claims, if we think the policy limits may not be enough to resolve the claim, we will work with your business to make sure the options are clearly explained—these claims may involve ongoing legal proceedings. For claims other than liability, if the loss is greater than the policy limit, then THREE will pay our limit, and your business will be responsible for amounts above the limit.