Page 151 - Binder2

Condition - Aggregate stop limit: GBP

The non-ranking excess means the first amount payable by the insured in respect of each and every
occurrence, claim or potential claim including any defence costs made against the insured, and all
such payments are excluded from this insurance. The non-ranking excess applies to any one claim
and the meaning of “any one claim” is to be construed in accordance with the description given in the
definitions of retention and series of claims in the policy. The limit of indemnity by this policy is
additional to the non-ranking excess which shall stand at:
GBP Nil
In addition the insured will pay the first amount of any covered loss as retention but the maximum
amount for which the insured is responsible during any one period of insurance in respect of all
amounts payable as retention will not exceed the figure shown above as the Aggregate stop limit.
The amounts payable as non-ranking excess will not contribute to the Aggregate stop limit

Further the Aggregate stop limit under this policy is shared with and eroded in like manner by
payments under the following coverages:

Officials Indemnity – 037499/01/2019/0180
Professional Indemnity – 037803/01/2019/0167

Upon exhaustion of the Aggregate stop limit the insurer will reimburse the insured for subsequent
loss payments within this retention but the non-ranking excess will stand at:

GBP in respect of Officials Indemnity and Professional Indemnity only

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