Liability and Exclusion of Liability

I am working on both a software licence and support agreement and both have Limitation terms in the agreements. If a supplier has the following wording in an agreement for both the software and the support. LIMITED LIABILITY OF supplier. SUBJECT ALWAYS TO SECTION 8(a) AND EXCEPT IN THE EVENT OF supplier DAMAGE TO LICENSEE’S TANGIBLE PROPERTY, THE TOTAL LIABILITY OF supplier, ITS AFFILIATES AND THIRD PARTY LICENSORS IN CONNECTION WITH OR RELATED TO SUPPORT, HOWSOEVER ARISING, INCLUDING BUT NOT LIMITED TO LIABILITY UNDER OR FOR BREACH OF CONTRACT OR FOR NEGLIGENCE, SHALL UNDER NO CIRCUMSTANCES EXCEED ONE HUNDRED AND TEN PERCENT (110%) OF THE FEES PAID OR PAYABLE BY LICENSEE FOR THE TWELVE MONTH CONTRACT PERIOD IN WHICH SUCH LIABILITY ARISES. Question 1: Should this be more 110% and covers ongoing support after the 1st 12 months if the licenses are perpetual? Supplier MAXIMUM LIABILITY IN CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE FOR PHYSICAL DAMAGE TO LICENSEE’S TANGIBLE PROPERTY SHALL UNDER NO CIRCUMSTANCES EXCEED ONE MILLION POUNDS STERLING (£1,000,000) PER EVENT OR SERIES OF EVENTS. Question 1: Is this sufficient? Thanks