What is business interruption insurance? Business interruption and business income insurance are meant to protect against monetary losses when your business temporarily comes to a halt. This could be due to an emergency such as a fire or flood, and the coverage can include operating costs, moving expenses, and other expenses. The purpose is to…

Co-Insurance explanation A Co-Insurance clause is a term in an insurance policy which ensures that you (the policy holder) insure your property for the true replacement cost of the property or at least to minimum level. Most Co- Insurance clauses require an owner to insure a property to 80%, 90% or 100% of the property’s…

Are you facing a challenging situation where your insurance claim has been denied or is in dispute? At Watson Goepel, we understand the frustration and stress that comes with these issues. Our team of experienced insurance lawyers is here to help you fight for the support you rightfully deserve when dealing with insurance claim denial…

Life is unpredictable, and disasters can strike when we least expect them. Whether it’s a devastating fire or a destructive flood, the aftermath can be emotionally and financially overwhelming. That’s where insurance comes into play. Fire and Flood insurance claims are lifelines for individuals and families facing these challenges. In this blog post, we will…

A decision of the British Columbia Supreme Court released on May 23, 2019 makes it clear that insurance companies will need to strictly comply with statutory obligations in drafting policies, or risk losing the protections afforded under a policy. In PCL Constructors Westcoast Inc. v Royal & Sun Alliance Insurance Company of Canada, 2019 BCSC 822,…