What to do now -- Planning on Resolving BP Oil Spill Claims

Take proactive steps to identify the scope of your damages and the approach towards filing a claim

As with any fire, flood or other loss event, "how to" is founded on preparation and the advice you get. Here are some initial steps:

• Assemble financial data for an extended period before the BP Oil Spill, in aid of estimating the loss of business income after the loss
• Assemble financial data for the period following the oil spill
• Continue to mitigate damages
• Take steps to resolve claims related to property damage, if any -- some general pointers for resolving property claims are here
• Consider some steps common to all business claims
• Consult with a competent insurance loss professional, and seek legal counsel when necessary

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.