As tar balls from the BP oil spill wash up on Northern Florida beaches, Governor Charlie Crist is encouraging affected hoteliers to file compensation claims. The comments from Crist came after Florida’s hotels suffered a slew of cancelled bookings. As a result of the spill, hotels in the Florida panhandle say that their earnings for June will fall 60%. Some …
BP Has Already Paid More Than $100 Million in Claims
As of June 20, almost 2 months since the first days of the BP oil spill, BP has paid out $104 million in claims to residents along the Gulf Coast. To date, BP has issued more than 31,000 checks to compensate more than 64,000 claims, and the claims continue to come in. These claims have been filed by residents of …
Does A Business Interruption Claim Cover My BP Oil Spill Damages?
If your Florida business has been negatively affected by the BP oil spill, then you may be able to recover for damages in a business interruption claim. A business interruption claim covers the loss of earnings that your business has suffered, for reasons such as: The interruption of utilities or services; The inability of customers or vendors to reach you; …
Should I File A BP Oil Spill Claim?
If your Florida business or home is being damaged by the BP oil spill, then YES, you should definitely protect yourself by filing a BP oil spill claim. There is no reason why you should suffer as a result of the negligence of this oil company. Thousands of businesses and individuals have already filed claims in Louisiana and Mississippi, and …
BP Oil Spill Business Interruption Claims (Part A)
As the crisis from the BP oil spill grows, small businesses along the Gulf Coast are losing millions of dollars in revenue. Fisherman, hotels, restaurants and shops have been affected throughout the region. Meanwhile, BP has established a $20 billion claims fund in order to compensate those who have been affected. If you have suffered a loss of business as …
BP Oil Spill Business Interruption Claims (Part B)
What specifically does a business interruption claim cover? A business interruption claim may recover for losses that are a result of, but not limited to: Contingent Business Interruption – This refers to losses suffered from damaged property that: Prevents a critical supplier from getting goods or services to you; and/or Prevents customers from accepting your goods or services. Services Interruption …
Effects of the BP Oil Spill (Part A)
As the crisis of the BP oil spill unfolds in the Gulf of Mexico, thousands of lives are being destroyed by the oil company’s negligence. Fishermen, oil workers, restaurateurs, hoteliers, and all sorts of tourism industry professionals have had their livelihoods taken away. And now, after two long months of this devastating oil spill, the event is beginning to affect …
Effects of the BP Oil Spill (Part B)
How much money can I recover in a BP oil spill claim? If you feel you have suffered damages as a result of the BP oil spill, or even from the threat of the oil spill, you may be entitled to compensation from the Oil Spill Liability Trust Fund (OSLTF). This fund, which was established in the 1980’s, and has …