Glossary

Products-completed operations aggregate

The most a general liability policy pays per policy period for injury or damage in the products-completed operations hazard, apart from the general aggregate.

Also called: products-completed operations aggregate limit, PCO aggregate, products aggregate, products and completed operations aggregate

The ISO commercial general liability form, CG 00 01, stacks three caps in its Limits of Insurance section. The each occurrence limit applies per event. The general aggregate caps most other payments in the policy period. The products-completed operations aggregate is the most the insurer will pay under Coverage A for bodily injury and property damage within the products-completed operations hazard, meaning injury or damage that arises from your product or finished work away from your premises. That hazard does not count against the general aggregate.

A common package is $1 million each occurrence, $2 million general aggregate and $2 million products-completed operations aggregate. Say a manufacturer settles three injury claims from one defective product at $900,000, $800,000 and $700,000 within a policy year. The first two use $1.7 million, and only $300,000 remains for the third. Meanwhile a customer's slip-and-fall claim draws on the untouched general aggregate.

The aggregate applies per policy period, and on an occurrence form each claim goes to the policy in force when the injury happened. Contractors and manufacturers with large exposures often buy an umbrella that sits above it. Contracts sometimes ask for higher products limits than the general aggregate. The guide on products and completed operations coverage covers the hazard, and general aggregate explains the other cap.

Last reviewed October 10, 2026

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Related terms

General aggregate The most a general liability policy pays in one policy period for all claims other than products-completed operations, however many occurrences there are. Aggregate limit The most an insurer will pay for all covered claims during a policy period, however many separate occurrences or claims there are. Completed operations Liability coverage for injury or damage that occurs after a contractor or service provider finishes a job and leaves, arising out of the finished work. Per-occurrence limit The most a liability policy will pay for all damages arising from a single occurrence, however many people are hurt or claims are made. Product liability A manufacturer's, distributor's or seller's legal responsibility for injury or damage caused by a defective or unreasonably dangerous product.

Related guides

Additional insured endorsements explained What CG 20 10, CG 20 37, CG 20 26 and CG 20 38 do, how the 04 13 wording limits additional insured coverage, and why a certificate is not the endorsement. Commercial policy limits: per occurrence, aggregate and sublimits How per-occurrence limits, aggregates and sublimits work in CGL, property and workers' comp policies, with an example of an aggregate running out. Product liability insurance for makers, sellers and importers How product liability coverage works for makers, distributors, retailers and importers: what the CGL pays, what it excludes, and where vendors endorsements fit. Product liability vs professional liability Product liability covers injury or damage from what you sold; professional liability covers financial loss from your advice or services. Where they overlap. Products and completed operations coverage What the products-completed operations hazard covers in a CGL policy, when work counts as completed, why it has its own aggregate, and how to keep it in force.

Related insurers

Kinsale Insurance Richmond, Va., E&S-only insurer founded in 2009, writing hard-to-place casualty, property and professional risks for small and midsize firms via wholesalers. Vantage Risk Bermuda specialty (re)insurer founded in 2020 that writes U.S. excess casualty, construction, healthcare and large property; owned by Howard Hughes since 2026.

Related industries

Food and beverage manufacturer insurance What food and beverage makers need: products liability, contamination and recall cover, spoilage and breakdown, FSMA preventive controls, retailer limits. Manufacturer insurance What manufacturers need: products liability, recall, property with equipment breakdown, workers' comp for plant hazards, vendor's endorsements and contracts. Wholesaler and distributor insurance What wholesalers and distributors need: products liability, vendor's endorsements, stock and warehouse property, fleet and cargo, forklift injuries, FDA duties.

Related en español

Cobertura de productos y operaciones terminadas Qué cubre el riesgo de productos y operaciones terminadas en la póliza CGL, cuándo un trabajo se da por terminado, su agregado propio y cómo mantenerla vigente. Endosos de asegurado adicional, explicados Qué hace cada endoso CG 20 10, CG 20 37, CG 20 26 y CG 20 38, cómo la edición 04 13 limita la cobertura y por qué el certificado no es el endoso.