An average of 12,000 claims are filed every month for compensation from the BP oil spill. The average for each individual business economic loss claim exceeds $200,000. Thousands of people along the Gulf Coast have been helped by the BP Settlement Program.
Nevertheless, many business and nonprofits along the Gulf Coast assume that they aren’t entitled to any financial help because they live too far from the coast or can’t pinpoint exactly why their losses are related to the oil spill. That assumption is wrong. And it could have dramatic financial consequences.
The BP Settlement Program will be pumping billions of dollars back into the Gulf Coast region to any business that felt the trickle-down effects of the spill and saw changes in revenue.
Generally, if a business in one of these areas had an aggregate revenue decrease after the oil spill in April 2010 and later had an aggregate revenue increase, it will probably qualify for compensation. This is true even if the business doesn’t know if the oil spill caused its losses or it is located far inland.
A BP Oil Spill lawyer at the Upton Law Firm can help you receive the compensation you are owed. To receive a free case evaluation, call 877-675-7987. We will handle all the costs to determine if you have a claim. You pay nothing unless you recover.