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