Business at my beachfront Mississippi hotel is down by 50 percent in the wake of the oil spill. How much is my claim worth?
The oil spill is causing enormous damage to the tourism and commercial fishing industry of the Gulf Coast. To determine value of your claim, it’s important to step back and try to quantify the impact the oil spill has had on your business and life. How many days of work have you missed? Have you missed paychecks as a result of the oil spill? How much lower is your income this year as compared to last year? Under the Oil Pollution Act of 1990, BP is responsible for paying economic losses and damages incurred by individuals and businesses as a result of the oil spill.
If you operate a business that depends on tourism, have you seen a drop in business in terms of canceled reservations or fewer sales or reduced catches? Hotels operators throughout the Gulf Coast may have legitimate claims for damages from the BP oil spill. Bookings are down 50 percent or more in some parts of Louisiana, Alabama, Mississippi and surrounding states. How long was your business not operational if business was interrupted by the oil spill? You will need supporting financial records such as tax returns to show historical income and business profit and loss statements to support your claim.
The oil spill is so overwhelming that it’s easy to overlook some ways your business or life may been impacted. Our team of lawyers and oil spill advisors are experienced in oil spill accident claims and can help guide you to maximize the value of your compensation.
The unprecedented harm of the BP spill will continue to affect property owners, business and the environment for years to come. The Oil Spill Task Force, sponsored by Arnold & Itkin LLP, coordinates the financial, legal and investigative resources needed to represent the claims of businesses and individuals whose livelihoods and property are threatened by the BP oil spill. If you would like to discuss your complaint, then please call 888-498-8212. We focus on representing your financial interests in claims against BP.
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