INSURANCE and the "Business Interruption" conundrum
As many of us have been hearing, the insurance industry is claiming that Business Interruption clauses on commercial liability policies will not cover the Covid-19 crisis as the policies are triggered by physical damage to the commercial property, which limits or inhibits the businesses ability to conduct it's affairs.
Merchant Law is a Canadian law firm with offices across Canada. They are challenging this position with a Class Action lawsuit against the Insurance Industry, claiming that the virus constitutes physical damage in terms of the property (bowling centre) being damaged by the public leaving contagious traces all over the centre if it were to remain open.
Tony Merchant of Merchant Law invites anyone interested in joining the Class Action lawsuit to contact the firm at;
Tony Merchant: tmerchant@merchantlaw.com 1-877-359-7777
In Quebec, contact the Montreal office at 514-248-7777