The cost of CGL insurance for contractors in Ontario depends on several factors. On average, small contractors might pay $600 to $2,500 per year. Larger firms with higher risks can pay much more.

Key factors include:

• Type of Work – High-risk trades like roofing, electrical, and plumbing have higher premiums. Low-risk trades, such as painters or landscapers, usually pay less.

• Business Size & Revenue – A small one-person business pays less than a large contractor with many employees.

• Coverage Limits – Most Ontario businesses choose at least $2 million in liability coverage. Large projects may need $5 million or more, which raises the premium.

• Claims History – A contractor with previous claims will likely face higher costs.

• Subcontractors – Hiring subcontractors often increases premiums since you are responsible for their work.

For example, a Brampton roofing contractor might pay higher rates due to injury and property damage risks. A Mississauga general contractor could pay moderate rates depending on project types.

To get affordable coverage, work with a Mississauga or Brampton insurance broker. They compare quotes from several insurers so you get the best rate while meeting contract needs.

The cost of CGL insurance is small compared to the financial loss a single claim can cause. Many clients and municipalities in Ontario require contractors to show proof of insurance before work begins.