Join the British Columbia Business Interruption Insurance Lawsuit
Are you a British Columbia business owner who was forced to temporarily close due to COVID-19 public health restrictions? Has your business interruption insurance coverage claim been denied? If you answered yes to these questions, fill out the form on this page for a free case evaluation by experienced lawyers!
If your British Columbia business was forced to close during the COVID-19 pandemic, you are not alone. According to Statistics Canada, 15,919 businesses closed in Greater Vancouver between March and April.
If you are a British Columbia business owner who was denied COVID-19 business interruption coverage by your insurance company, fill out the form on this page, and Top Class Actions will connect you with experienced insurance lawyers free of charge.
Many businesses throughout Canada have relied on their business interruption insurance policies for coverage during these trying times. Nevertheless, several of Canada’s major insurers, such as Aviva, the Co-operators, Intact and Gore Mutual have denied legitimate claims. If you are one of the countless business owners who was denied COVID-19 business interruption insurance coverage, read more to find out how to dispute your claim denial and what you can do to get the money you deserve.
What is Business Interruption Insurance?
Business interruption insurance is insurance coverage that replaces business income lost in a disaster. It is an add-on to an existing business insurance policy.
Most business interruption insurance policies either insure specific named perils or provide coverage for so-called “all-risks” with specific named perils excluded. An example of a named peril is fire. In this case, the policy will only cover damage or loss resulting from fire.
An “all-risks” insurance policy will cover anything that is not specifically excluded in the terms of the contract, such as COVID-19. Nevertheless, numerous Canadian businesses covered under such a policy have been denied business interruption claims.
Why Was Your Business Interruption Insurance Claim Denied?
Many business owners who filed business interruption insurance claims are receiving denials on various grounds.
Business interruption insurance providers argue that coverage only applies to physical loss or damage to property that causes a business to close, and therefore does not cover COVID-19 losses. Other insurers argue that business interruption policies don’t cover losses due to viral outbreaks.
Yet another reason provided by insurers to deny claims is that COVID-19 constitutes a “force majeure” event, a legal term used to describe unforeseeable circumstances that prevent a party from fulfilling its contractual obligations.
It is important to note that insurers have an interest in denying claims. The more business interruption claims insurers deny, the more they protect their bottom line.
Have Any Class Action Lawsuits Been Filed for Denied Business Interruption Insurance Canada Claims?
After provincial governments began instituting COVID-19 business restrictions, several business interruption insurance class action lawsuits were initiated by a wide range of businesses, including restaurants, dental clinics, hotels and hair salons.
Among the first lawsuits to break the silence was a nationwide insurance class action launched against Canada’s top insurance providers over refusals to pay policyholders for COVID-19 business losses.
In June, a B.C. insurance class action lawsuit was filed against Novex, Intact Insurance and Lackner McLennan Insurance. The Plaintiff, a registered massage therapist and Vancouver business owner, accused the defendant insurers of acting in bad faith by failing to investigate policyholders’ circumstances and pay for legitimate business interruption losses.
Another June insurance class action lawsuit was filed in B.C. over allegations that Intact Insurance, the defendant in the case, wrongfully denied business income loss claims filed under “all-risks” policies.
In July, a pan-Canadian class action lawsuit was launched against over 20 Canadian business interruption insurance providers accused of violating their contracts with policyholders.
A similar July class action initiated by Canada’s top hotels targets Aviva after the insurer denied the hotel’s coverage during the COVID-19 shutdown.
Yet another nation-wide insurance class action lawsuit is targeting Aviva for refusing business interruption insurance claims filed under “contagious disease coverage” policies.
Recently, B.C.’s Great Clips filed a $100 million class action to compel over two dozen insurance companies to pay out COVID-19 related business interruption insurance claims that had been denied.
Filing a Pandemic Business Interruption Insurance Canada Lawsuit
Before commencing a pandemic business interruption insurance lawsuit, it is essential to review the language of your policy.
This will help you determine whether your insurance claim was denied on a legitimate basis and whether your lawsuit has a chance to succeed. A lawyer can guide you through the process, to help ensure your business gets the coverage it deserves.
Many business interruption insurance policies only provide coverage for physical loss or damage to the insured’s premises or property. This was argued by numerous insurers who denied pandemic business interruption insurance coverage.
Depending on the terms of the insurance policy, coverage might arise for businesses that suffered a covered loss due to government-ordered restrictions.
Finally, if your business has an “all-risks” policy, you need to ensure that a pandemic is not a listed exception to business interruption insurance coverage.
How Can a Lawyer Help?
Even if your business was denied coverage for COVID-19 business interruptions, you may still be eligible for coverage if:
- You lost revenue due to a government-ordered business closure or mandatory limitation on business operations
- You suffered revenue losses due to social distancing advisories
- COVID-19 mitigation efforts caused you to lose profits, such as disinfection, replacement of supplies, etc.
Indeed, determining your business interruption insurance eligibility is complicated. Many insurance companies will have you believe that your business interruption losses are not covered for various reasons. Therefore, a lawyer can help you navigate through the complex process of disputing an insurance denial, and ensuring that you get the money you deserve.
Join a Free COVID-19 Class Action Lawsuit for Business Interruption Insurance Canada Investigation
If you are a B.C. business owner who has had to close your business due to the ongoing coronavirus pandemic and has been denied insurance coverage by your insurer, you may qualify to join this free business interruption insurance Canada denial class action lawsuit investigation.
Fill out the form on this page for a free evaluation of your insurance policy to see if you qualify for a class action lawsuit.
Get Help – It’s Free
Get Help With Your Business Interruption Insurance Denial
Fill out the form below for a free case evaluation. If you qualify, a lawyer will contact you to discuss the details of your potential case at no charge to you.
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After you fill out the form, the attorneys who work with Top Class Actions will contact you if you qualify to let you know if an individual lawsuit or class action lawsuit is best for you.
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Slater Vecchio LLP
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