As COVID-19 forces businesses to close or limit their operations, a Regina business owner is getting involved in a national class action lawsuit against indemnity insurers in Canada.
Thomas Siarkos, owner of Memories Fine Dining in Regina, alleges that despite paying for “premium insurance”, his insurer is refusing to pay business interruption insurance.
He says he’s been told by his broker that while his policy includes pandemic coverage, only “physical losses” accrued as a result of COVID-19 will be covered. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] “We have business interruption, but they said the pandemic is not excluded but they can only pay for physical loss.” Siarkos believes his losses due to the