Explain the difference between per occurrence and aggregate liability limits.

• A. Per Occurrence Applies to a Single Event; Aggregate Is the Total for All Events During the Policy Period
• B. Per Occurrence Is the Total Yearly Limit; Aggregate Applies to Each Event
• C. Per Occurrence Applies to Property Claims; Aggregate Applies to Liability Claims
• D. Per Occurrence Is Higher Than Aggregate Always

Answer: (A)