Are indemnity limits combined?

Both Insuring Agreement A and Insuring Agreement B have indemnity limits. Are these two limits combined when paying the claim?

  • No. Insuring Agreement B only covers defence costs and the policy Conditions stipulate that defence costs are “part of and not in addition to the limit of indemnity”.
  • Similarly, the indemnity provided by the extensions provides wider cover but does not actually increase the indemnity limit.
Directors and Officers Liability