Introduction
Canadian sole proprietors working in Ontario often need $2,000,000 Commercial General Liability (CGL) to satisfy landlord, client, or contract requirements. This page provides a 2025 price snapshot, what $2M CGL typically covers, the key factors that change your premium, and how Summit shops the market to place coverage.
Pricing snapshot (Ontario, 2025)
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Estimated starting premium: ~$650 per year ≈ ~$54/month.
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Context: Canada‑wide baselines for $2M CGL can start lower, but Ontario pricing typically trends closer to ~$650 for low‑risk sole proprietors. See sources in “References.”
Ontario cost (single‑row view)
| Province | Limit | Est. starting annual premium | Monthly equivalent | Assumptions |
|---|---|---|---|---|
| Ontario | $2,000,000 CGL | ~$650/year | ~$54/month | Sole proprietor, low‑risk services (e.g., consulting, light trade), no recent claims; actual underwriting may price higher/lower. |
Notes
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Estimates exclude taxes, policy fees, and optional endorsements.
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Pricing varies by operations, contracts, certificate requirements (e.g., additional insured, primary/non‑contributory), location, and claims history.
What $2M CGL covers (typical)
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Third‑party bodily injury and property damage arising from your operations.
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Personal and advertising injury (e.g., libel/slander allegations).
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Defence costs within or outside limits, depending on policy form.
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Products and completed operations (scope varies by policy wording).
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Tenants’ legal liability limits may be included or scheduled separately. For coverage definitions and FAQs, see Summit’s guide to Commercial General Liability Insurance.
What drives your price (Ontario sole proprietors)
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Industry and risk profile (office‑based consulting vs. onsite contracting).
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Revenue, payroll/contracted labour, and subcontractor usage.
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Location(s) of work performed and certificate wording required by landlords/clients.
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Limits, deductibles, and added coverages (e.g., tools/property, non‑owned auto).
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Years in business and prior claims/loss control practices.
How Summit helps sole proprietors in Ontario
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Independent market access: We shop multiple Canadian insurers for value and fit.
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Fast, responsive placement: Certificates issued quickly to meet contract needs.
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Ongoing support: Dedicated account management as your business scales. Get started: contact the team via Summit Contact or review CGL basics at Summit CGL.
References (pricing context)
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Ontario small business liability pricing guidance indicating ~$650/year for $2M limits, province‑level view: HelloSafe – Business Liability Insurance 2025.
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Canada‑wide baseline indicating a basic $2M General Liability policy can start around $450/year (small business context): Zensurance – Liability Insurance and supporting overview on GL pricing: Zensurance – General Liability Insurance Cost.
Last updated: October 30, 2025.