Help with BP Oil Spill Claims
After the BP Oil Spill

The BP Claims office, the GCCF, has established two paths for filing non-emergency oil spill claims. These are interim claims and a final claim. Another final payment method, the quick claim final payment is available to businesses which filed for, and received emergency payments.

However you intend to file oil spill claims, whether as interim or final claims with the GCCF, take the time to consider obtaining the advice of someone who will perform a diligent analysis and review of your businesses specific operation and books. Thorough interviews with the owners and principles will estable areas to focus on in support of the oil spill claims, including costs and net incomes which are cyclical over annual or other periods. Such patterns are common with for restaurants, hotels and motels, wholesale seafood operations or fishing charter vessels.

Other details of your operation, including extraordinary expenses, deserve attention, just as the need to demonstrate and project sales but-for the BP oil spill, and income losses and damages due to the BP oil spill. As the oil spill claim size increases, the benefits of the assistance of legal counsel and competent insurance loss professionals increase.

Choose wisely when you seek help for filing an oil spill claim for lost income. Ask questions, and establish your expectations, costs and potential benefits with any service provider. Be prepared to have an open and frank discussion of your circumstance during any initial consultation.

Here are some initial steps:

• Assemble financial data for an extended period before the BP oil spill, and all data since, in aid of estimating the loss of business income after the loss, and a full BP Oil Spill Claim
• Mitigate damages
• Consider some steps common to all commercial claims
• Consult with a competent loss professional, and seek legal counsel