Damage Claims From BP Oil Spill Continue to Mount

By June 20, 2010, approximately two whole months from the beginning of the BP oil spill disaster, the company has sheled out $ 104 million in damages claims to residents of the Gulf Coast. The company has written over 30,000 checks for compensation of over 64,000 damages claims, and that does not begin to address…

By June 20, 2010, approximately two whole months from the beginning of the BP oil spill disaster, the company has sheled out $ 104 million in damages claims to residents of the Gulf Coast. The company has written over 30,000 checks for compensation of over 64,000 damages claims, and that does not begin to address all of the people who are suffering from this disaster.

The overwhelming majority of claims have been filed by people in Louisiana, Mississippi, Alabama, and Florida who have been the hardest hit by the spill. Folks that have worked as fishermen, hoteliers, restaurateurs, and in other tourism-related businesses have suffered immunity losses, or have been completely put out of business altogether.

The company responsible for the oil spill has set up a $ 20 billion fund to be used to help pay damages claims. Representatives for the company say that they will expedite legitimate claim payments. The oil company is also accepting claims applications through the Internet.

Some of those injured may consider retaining the assistance of BP oil spill lawyer. Lawyers experienced in handling these types of claims can assist tenants in submitting a thorough claim.

Businesses that have sustained damages resulting from the oil spill, may be eligible to be compensated in a business interruption claim. If your business has been adversely affected by the oil spill, you could have been entitled to damages in a business interruption claim for:

-the interruption of utilities or services;
-The availability of customers or vendors to reach you; and / or
-because a supplier or customer has suffered significant damages.

A business interruption claim may also pay losses which have replied from the restriction of access to your property or place of business. For example, if the US Coast Guard has closed beaches due to the spill, and those beaches directly affect the revenue to your restaurant or hotel, then you may be eligible for compensation in a business interruption claim.