how much does $1m liability insurance cost
Another 23.5 percent pay between $200 and $400, meaning that 80 percent of our customers pay $600 or less per year for coverage. The average cost of a $1M / $2M GL policy is just $576.08 per year, and the median is $425.See the chart below for a full breakdown of the cost of $1M / $2M GL coverage.eneral Liability: Coverage Limits Affect Cost. If you want car insurance that pays for a wide range of damage, you have to pay more for it. The same rule applies to business insurance: if you want a policy with higher coverage limits, expect to pay more than you would for bare-bones coverage.