The Ontario economy has been devastated by the COVID-19 pandemic and resulting closure of non-essential businesses to help limit the spread of the virus. This has led many business owners to make claims on their business interruption insurance policies.
The Windsor COVID-19 lost business claims lawyers at Greg Monforton & Partners are here to provide a free review of your situation to determine whether you have a valid claim. Business interruption insurance claims are often wrongly denied. Frequently the insurer argues that exclusions in the policy or lack of physical property damage disqualifies a claim.
...Everyone is polite and helpful. They make you feel like you are not doomed, things will get better.
- Greg Monforton & Partners Client
Our lawyers are prepared to help you understand how your policy should be interpreted, so that you pursue full compensation.
Our first meeting is free. You are under no obligation to hire us, but if you do, we do not receive payment for our services unless you obtain compensation.
Firm founder Greg Monforton has been recognized by The Best Lawyers in Canada since 2006.
Free Consultation. No Upfront Fees. (866) 320-4770.
Is COVID-19 Covered by Business Interruption Insurance?
Business owners across Canada who were forced to close or scale back their operations are asking themselves this question. The answer to this question will depend on the coverage provided in your policy. Unfortunately, commercial insurance policies can be difficult to understand, which is why it is in your best interest to reach out to a Windsor COVID-19 business claims lawyer for legal help.
Generally, business interruption insurance covers earnings or profits lost, or other expenses incurred due to an interruption or interference with a business caused by direct physical loss to a property. These interruptions often include natural disasters, such as floods, windstorms, earthquakes or fires.
Insurers argue that if a policy requires direct physical loss then there would be no coverage if a loss occurs by reason of a pandemic. We disagree with this argument and so do some courts.
Your lawyer may be able to argue that the virus may cause physical damage to your business, even though that damage cannot be seen.
Do not accept what your insurer is saying without reviewing your situation with a lawyer.
Forms of Compensation That May Be Available
There are several forms of compensation that may be covered by business interruption insurance, such as loss of revenue and income your business would have earned if opened or less restricted. The duration of your benefits will depend on the policy.
You may also be able to obtain compensation for expenses like:
- Paying employees
- Phone bills
- Electric bills
- Utility bills
- Expenses to reopen business
- Expenses to relocate business
- Litigation fees
- Tax bills
- Loan repayments
The Windsor COVID-19 business claims lawyers are prepared to review your situation in a free, no-obligation consultation. If you have a valid claim, we are prepared to fight to seek maximum compensation for you.
Our lawyers are standing by to take your call. (866) 320-4770.
Be sure to keep documentation related to your losses and damages caused by the coronavirus that may help your lawyer validate your potential claim, such as:
- Bank statements
- Records of revenue prior to shutdown
- Bills for rent and utilities
- Profit and loss statements
- Purchase orders
Should you be unsure if you are able to obtain them, our legal team may be able to help recover the documentation with your permission. We have many years of experience building strong cases for our clients and welcome the opportunity to review the merits of your claim.
Learn More About Windsor COVID-19 Lost Business Claims
Insurance companies are currently being flooded with claims by owners of businesses that were forced to close or had to scale back operations due to COVID-19. Pursing compensation for business interruption insurance may be difficult because the insurance provider may cite fine print or other exclusions to deny a claim. Having an experienced lawyer handling the claims process on your behalf could be beneficial.
Our lawyers at Greg Monforton & Partners have recovered hundreds of millions in compensation from insurance companies in a wide variety of claims. Our goal is to obtain maximum compensation to help your business.
There is no risk in calling us for a free consultation and there is no obligation to take legal action. If we prosecute your case there are no fees unless you recover compensation.
Learn more about your rights and legal options by calling (866) 320-4770.