4 July 2024

How to Navigate the Aftermath of Commercial Fires

By Anastase E. Maragos and Robert D. Powell

Commercial fires pose a considerable threat to businesses. Not only do they cause extensive damage to property, inventory, and equipment, but business owners often face the financial burden of rebuilding and recovering from the losses. The aftermath of a commercial fire can disrupt operations, strain finances, and jeopardize a business’s long-term viability. In these challenging…

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15 May 2024

Navigating ICBC Coverage for Licensed Mobile Equipment

By Anastase E. Maragos & Cameron Lineker

When purchasing insurance, it is important to purchase coverage that meets your needs. In British Columbia, motor vehicle insurance is regulated and provided by the Insurance Corporation of British Columbia (“ICBC”). However, ICBC may also provide coverage for “licensed mobile equipment.” Licensed mobile equipment is a broad term that can include items like tractors, farming…

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22 April 2024

What is Replacement Cost Valuation and how is it calculated?

By Anastase E. Maragos & Cameron Lineker

One of the most important parts of insurance coverage is making sure that you are properly covered in the event of a loss. An insurance policy will usually only cover a certain amount, so making sure that your policy covers the replacement cost is essential to proper coverage. This post is meant to be a…

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11 April 2024

Business Interruption Insurance Explained

By Anastase E. Maragos & Cameron Lineker

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…

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5 February 2024

Co-Insurance Explanation

By Anastase E. Maragos & Cameron Lineker

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…

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12 October 2023

Has Your Insurance Claim Been Denied? Legal Solutions for Broker Negligence.

By Watson Goepel LLP

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…

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