Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class action lawsuit alleging that Canadian insurance companies have breached their contracts with business owners by refusing to pay for business interruptions caused by the coronavirus pandemic.
The plaintiffs further allege that the insurance industry has conspired to deny coverage before claims are even made. Negligence and breaches of the duty of good faith are also alleged.
“Business interruption insurance is designed for circumstances such as the current pandemic. The insurance companies appear to be failing small businesses when coverage is needed most,” said Kirk Baert, a partner with Koskie Minsky.
Source: Koskie Minsky LLP
Related:
Topics Lawsuits New Markets Canada
Was this article valuable?
Here are more articles you may enjoy.
Hordes of Teens on E-Bikes Force Suburbs to Rewrite Road Rules 
Surplus Lines Leaders Remain Bullish on Outlook in a Shifting Market 
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says 
Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk 
