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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.

Why You Should Choose Virani Law

  • Experienced Negotiators

    As lawyers our expertise is negotiating on your behalf. We are becoming Canada’s leader in property damage loss negotiations.

  • 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.

  • 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.

  • 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:

  1. 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.

  2. 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.

  3. 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.

Virani Law is fully operational and we continue to help families across Canada during Covid-19.
Free Consultations are available over the phone or through video conferencing. Stay safe.