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Are you a Canadian business owner whose business interruption insurance claim was denied following COVID-19 losses? Have you wondered what you can do if your business interruption claim was denied? In this step-by-step guide, we break down what you need to do if your insurance claim was denied to get the money your business needs to stay afloat during these uncertain times.
First Step to Dispute COVID-19 Business Interruption Insurance Denial
If your business interruption insurance claim was denied, you may still have a few options. Your first step is to locate your insurance policy. Your business interruption insurance policy contains vital information you need to dispute a claim denial.
Business interruption insurance coverage is typically found in a property and casualty insurance policy or a business owners’ packet of insurance. If you cannot find your policy, contact your broker and request a copy as soon as possible.
Second Step to Dispute COVID-19 Business Interruption Insurance Denial
The second key step to ensuring you can successfully dispute a business interruption insurance claim is to find a lawyer to review your policy and your denial letter. If you are unsure where to find a competent lawyer to evaluate your case, don’t worry! Top Class Actions has an extensive network of experienced insurance lawyers who will examine your case free of charge! Simply fill out the form on the bottom of the page or click right here, and you will be on your way to getting the money your business deserves!
Policy jargon will determine if coverage is triggered, as well as the scope of coverage- all of which a lawyer will help you decipher. Having your policy reviewed by a 
lawyer with experience in insurance coverage and litigation, is critical to understanding your options.
Perhaps the most important step after your business interruption claim has been denied is speaking to an experienced business interruption insurance lawyer. You do not have to fight a claim denial alone. Many insurance claims are initially denied, and numerous other business owners are experiencing the same difficulties that your company is facing.
Third Step to Dispute COVID-19 Business Interruption Insurance Denial
Once you’ve contacted an experienced insurance lawyer, your next step will be to file a claim.
An insurance company will deny a claim for various reasons. For example, your insurance company may not have all the information it needs, or your insurer is trying to save money and hoping you will walk away without fighting the business interruption insurance denial.
Upon receiving an insurance denial, do not be intimidated or dissuaded. With the help of your lawyer, you will need to submit a claim with your insurer. If you don’t file a claim, you may lose your right to coverage that is rightfully yours. Insurance policies generally stipulate a window of time during which a claim should be filed, so it is critical to file your claim promptly.
Fourth Step to Dispute COVID-19 Business Interruption Insurance Denial
The fourth and final step requires documenting all your COVID-19 business losses. These records will be critical in terms of how much your business will receive in business loss insurance indemnities and how much money you’ll be able to claim from your insurance company.
Keep records of all the ways your business experienced a loss. These records should begin at the date of the COVID-19 shutdown and throughout the pandemic. You should track all losses and expenses you have incurred as a result of the coronavirus pandemic and any necessary changes to business operations, such as protective equipment, moving expenses, sanitization measures, etc.
Am I Eligible for Business Interruption Coverage?
Even though you received an insurance denial letter from your insurance company, you may still be eligible for business interruption coverage if:
- You lost revenue due to a government-ordered business closure or mandatory limitation on operations;
- You suffered revenue loss due to social distancing advisories; and
- You incurred losses from COVID-19 mitigation efforts, such as disinfection, replacement of supplies and equipment, etc.
If you answered yes to the above criteria or are not sure whether you qualify for business interruption insurance coverage, fill out the form on this page and get a free evaluation of your business interruption claim.
Importantly, you are not alone. Many large and small Canadian business owners are facing the same insurance issues as you. In fact, numerous class action lawsuits have already been commenced across the country for unjustified business interruption claim denials. Click here to join a British Columbia business interruption insurance lawsuit along with fellow Canadian businesses facing unjustified COVID-19 insurance denials.
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