Commercial damage
A commercial fire or flood can bring an abrupt halt to business and put a company’s future in jeopardy. We negotiate the insurance claim so that our clients and their companies can get back up-and-running and begin to recover.
Navigating the claim process
Damage to commercial spaces leads to prolonged company shut-downs and this can have crippling effects on business. We navigate the claim process to ensure that no coverage is overlooked, overlapped or waived; and we keep the process flowing forward to that our clients’ businesses can begin to recover.
Why You Should Choose Virani Law
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Experienced Negotiators
As lawyers our expertise is negotiating on your behalf. We are becoming Canada’s leader in property damage loss negotiations.
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Legal Knowledge
We protect your legal rights to ensure you are treated fairly. Your policy is a contract. Policy interpretation is key and we understand the fine print.
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Flexible Billing
We want people to have access to proper legal advice, so we offer a variety of fee structures to determine what’s best for you.
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Personal Understanding
Having personally experienced a tragic loss, our team has a unique viewpoint that cannot be replicated. We have walked in your shoes.
Commercial Insurance policies vary widely, but generally speaking there are three distinct coverage areas:
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Business interruption insurance
This varies by policy, but generally, it covers lost business income as well as those expenses that continue to accrue even when a company has to be temporarily shut down; issues can arise when proving the amounts at issue and managing payment schedules to stay up-do-date with business responsibilities.
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Business contents, equipment, and inventory
This will depend on your policy, but these coverages will generally provide reimbursement for a fair portion of the costs associated with replacing all of the damaged and destroyed items in the building; issues can arise with regard to what coverage area each item falls into, under-valuation, and over-depreciation.
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Structure
This varies from policy-to-policy, but should generally cover the cost of rebuilding a comparable structure to the one you had prior to the loss; a multitude of issues can arise when your vision for the repairs do not match the Insurance Company’s suggestions.
