Introduction

$2M Commercial General Liability (CGL) is the most-requested liability limit for Canadian contracts and vendor agreements. It’s designed to protect your business from third‑party bodily injury, property damage, and related legal costs. For coverage details, see Commercial General Liability.

The $2M CGL anchor price (example only)

• Anchor example: $600 per year (about $50 per month) for a low‑risk micro business (1–2 staff, < $500k revenue, no prior claims) operating in BC, AB, SK, MB, or ON.

• This is an illustrative benchmark to help you budget—not a quote. Actual premiums vary by operations, province/city, exposure, and underwriting appetite. Excludes Quebec.

Convert annual to monthly

• Quick math: Monthly ≈ Annual ÷ 12. Example: $600 ÷ 12 = ~$50/month. Payment plans may be available; financing fees can apply.

What $2M CGL covers (at a glance)

• Third‑party bodily injury and property damage

• Tenants legal liability (when added) and premises liability

• Products and completed operations liability

• Personal and advertising injury For fuller coverage/exclusions and FAQs, visit Commercial General Liability.

Key drivers of your $2M CGL premium

• Operations risk class and industry (e.g., contracting vs. consulting). Explore: Contractors, Construction & Realty, Professional Services.

• Province/city and premises exposure (foot traffic, lease/landlord requirements). See local pages below.

• Revenue, payroll, and number of employees (rating bases used by insurers).

• Products and completed operations exposure; consider pairing with Product Liability.

• Claims history, years in business, and risk controls (contracts, waivers, training).

• Add‑ons, limits, and deductibles (e.g., additional insureds, primary/non‑contributory wording, waiver of subrogation).

• Bundled coverages and property/equipment values; see Commercial Property, Business Interruption, Cyber, and Commercial Auto.

Use this multiplier to personalize the anchor

Estimated annual cost = Anchor ($600) × Risk tier index. Monthly ≈ Annual ÷ 12.

Notes: Indices are directional; underwriters can price outside these ranges based on specifics (operations, contracts, past losses, and risk controls).

Quick links by province/city (for localized guidance)

• British Columbia: Kelowna, Vancouver

• Alberta: Calgary, Edmonton

• Saskatchewan: Saskatoon, Regina

• Manitoba: Winnipeg

• Ontario: Toronto, Hamilton, Ottawa

Quick links by industry

• Retail & Wholesale • Hospitality • Restaurants • Manufacturing

• Property Management • Nonprofit • Fintech • Life Sciences

• Agribusiness • Energy & Power • Cannabis

How Summit helps lower your $2M CGL cost

• Independent market access: we shop multiple Canadian insurers for value and fit.

• Policy design: align limits, deductibles, and endorsements to contract needs without overbuying.

• Risk engineering: improve underwriting outcomes with controls, contracts, and documentation. Learn more about our approach on Business Insurance and our commitment to transparency in How We Get Paid.

Get your firm $2M CGL price

Start with Commercial General Liability or Contact Us for a tailored quote. If you have an active claim or past loss, see Claim Services for support.