The most we will pay for any single event or item. Your policy schedule will provide you with any policy limits that are applicable to you.

It important that policy limits are adequate to cover both the cost of Defense and Damages. In choosing a limit the insured must consider any number of factors including size of firm, areas of practice, claims history, case size, and any other circumstance that will help him determine the maximum loss the firm may suffer in a worse case situation. [..]

in an insurance policy, the maximum amount of insurance provided for a particular coverage.