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BP Agrees to $7.8 Billion Settlement

Recoup Your Losses From The BP Oil Disaster Now!

Do you own a business or operate a non-profit organization in the coastal regions of Florida, Texas, or within any part of the states of Alabama, Louisiana, or Mississippi? (View Affected Regions) Did your business or non-profit organization experience even a modest decrease in gross revenue in 2010, compared to 2007, 2008 and/or 2009 gross revenue? If “YES,” you may be eligible for substantial compensation under the Economic & Property Damages Settlement. Wondering if your business is included in the settlement? Call our experienced client services team at 855.276.7727 or complete the “Get Your Free Case Review” form for your free consultation today!

The Deepwater Horizon Settlement Program established a multi-billion dollar fund to compensate virtually every type and size of business – not only those operating on or near the Gulf Coast or affiliated with tourism. Under the terms of the settlement, no direct proof of loss attributable to the “actual” oil spill is required.” Even non-profit organizations and individuals are potentially eligible for compensation.

The BP Deepwater Horizon Settlement Program

The Economic and Property Damages Settlement Program began operating on June 4, 2012. Navigating the complex program requirements of determining organizational eligibility, calculating compensation amounts, complying with administrative procedures and preparing claim documentation materials, as published in the over 1,000 pages plus settlement agreement is indeed, an overwhelming process for those who have not thoroughly reviewed and analyzed the program’s requirements. BPSS will handle all the details from claims initiation, eligibility review, financial loss assessment, documentation preparation, claims submission right through to the receipt of your payment on a confidential, efficient and professional basis.

BP Spill Settlements (BPSS) and our team of professionals are uniquely experienced to maximize the value of your compensation claim. The three Basic Qualifications for compensation eligibility are summarized as follows:

  • Location: Was your business or non-profit organization headquartered in or conducting business along the west coast of Florida, the Florida panhandle, the Texas coastal area, or anywhere in Alabama, Louisiana or Mississippi between April 20, 2010, and April 16, 2012? (Refer to Affected Regions)
  • Business Type: Virtually every business type located in one of the affected regions will be eligible for recovery. Only a few business classifications are considered excluded categories. (examples, financial services, insurance, real estate development, and gaming) All other businesses are eligible. (Refer to Types of Business Which Can Qualify)
  • Financial: For businesses and non-profit organizations meeting the location and business type requirements, recovery depends on completing a series of tedious and detailed financial calculations. The Deepwater Horizon Settlement Program is a “structured” loss settlement, meaning, the experience of BPSS’s team of professional advisors, claims processors and use of industry leading financial modeling techniques, makes the critical difference in maximizing the value of your claim and compensation opportunity. Select the BEST, contact BPSS.

At BPSS we work for you! We evaluate and qualify your claim eligibility on a contingency fee basis. In short, “We don’t get paid, if you don’t get paid.” There are no upfront costs, risks or obligations to determine whether your business or non-profit organization qualifies for compensation under the Deepwater Horizon Settlement Program.

Complete the Free Case Review information and “START YOUR CLAIM.” Our knowledgeable and professional BPSS client services team will respond quickly to your request to obtain the reimbursement you deserve!

To learn more, click on the red subheads below to reveal more information about each topic.

Do You Qualify?

To Qualify for benefits under this settlement program, if the answer is “YES” to the three questions below, your organization likely qualifies for compensation under the BP settlement fund. There are some exceptions to these general guidlines, so please do not hesitate to contact us to learn more.

  1. Was your business or nonprofit organization headquartered in or conducting business along the west coast of Florida, the Florida panhandle, the Texas coastal area, or anywhere in Louisiana, Mississippi or Alabama between April 20, 2010, and April 16, 2012? Refer to Affected Regions
  2. Did your organization experience a decline in gross revenue in 2010, compared to 2007, 2008 and/or 2009 gross revenue?
  3. Did your business experience at least a slight increase in 2011 gross revenue, compared to 2010 gross revenue?

In the event questions 2 and 3 are not both answered as “YES” there are exception conditions which may still qualify your organization to file a claim. BPSS client services will review additional options available to you. If the answer is yes to these questions, contact us today for a confidential and complimentary BP claim eligibility evaluation.

Our experienced team of financial professionals can make a critical difference by determining whether your organization qualifies under the terms of the settlement agreement and maximizing the amount of your claim.

Time is limited, so act now. Applications for compensation must be filed with the Deepwater Horizon Settlement Fund by April 22, 2014. By contacting us early, you’ll benefit from the proprietary knowledge, resources and experience to maximize your claim proceeds.

BP Deepwater Settlement Fund

The explosion of British Petroleum’s Deepwater Horizon oil rig created a catastrophic disaster affecting millions of individuals who live and organizations that do business near the Gulf of Mexico. Since April 20, 2010, this unfortunate incident wrought severe damages to the environment and the livelihoods of those who depend on industries impacted by the disaster. Everyone from fishermen, resort and restaurant employees to charitable organization staffs and individual property owners saw their incomes disappear. In response, BP entered into a payout agreement with those who are identified as victims of the oil rig explosion.

It’s important to note that businesses and organizations are NOT required to show economic damage caused directly by the event. In cases like this, causation is presumed based on location and you need only have been located in an economic loss zone. Establishing a direct link between your business losses and the BP oil spill is NOT required.

The Claims Process

There is no risk or cost involved in determining whether you qualify for a BP Deepwater Horizon claim.

The experienced team at BP Spill Settlements (BPSS) can make the critical difference in determining whether you qualify for a claim under the terms of the settlement agreement.

Calculating your potential damage award value starts with a review of:

  • Determining your business or nonprofit organization industry class
  • Confirming zone eligibility
  • Identifying the type of claim (individual, business, commercial seafood) to file
  • Reviewing 60 months of financial history
  • Conducting technical and detailed financial evaluations
  • Calculating the claim amount
  • Submitting and tracking the claim

Most business and organizations located in the Affected Regions are eligible to file a claim. Our professional team will walk you through the process in a timely and efficient manner. We will make a very tedious and complex claims process easy for your organization. BPSS will handle all the details, from claims initiation through claims payment, confidentially and proficiently. Your organizational information and proprietary financial data will be securely protected at every level.

Here is an illustration sample of just some of the businesses that may qualify for a settlement. If you do not see your type of business listed, this does not mean you cannot make a claim. Please contact us to find out if you are qualified for a monetary reimbursement.

  • Restaurants, hotels and resorts
  • Tourism related businesses and those organizations supporting tourism
  • Suppliers to impacted businesses
  • Builders and construction companies (electrical, plumbing, air conditioning/heating, roofing and more)
  • Medical (doctor offices, weight loss businesses, diagnostic services, dentist)
  • Realtors/Brokers
  • Retail and consignment stores
  • Automotive dealers
  • Hair salons, spas, fitness centers, gyms
  • Home improvement, lawn care/landscaping, cleaning services
  • Day care centers and private schools

BP Spill Settlements: When Experience Matters

The BP Deepwater Horizon claims program is a structured settlement where knowledge of the claims process, loss assessment, financial calculations and determining the variable options for increasing your compensation are the most valuable resources to your organization. BPSS can save your organization expensive time and extraneous costs.

Our experience among partner organizations has been well established, processing over $800 million in claims. The average Deepwater Horizon economic loss claim offers and payments have reached, on average, some $225,000 each. Your claim amount will depend on a variety of factors including: size of the business or organization, operating location and industry type.

Bottom line, BPSS simply takes the hassle out of the claims process.

You Should File A Claim IF:

  • Your business, nonprofit or other eligible organization operated in the affected regions;
  • Revenue dropped in 2010; and
  • You are not included in such industries as banking, defense contracting, financial, gaming, gas, insurance, oil, or real estate development industries.

Not sure if your business or organization qualifies, more questions? BPSS is here to assist. CONTACT US TODAY!

For additional information, Deepwater Horizon Settlement Program. Reference U.S. District Court, Eastern District of Louisiana, Case: MDL-2179 Oil Spill by the Oil Rig “Deepwater Horizon.”

On Dec. 21, 2012, the court gave final approval of the Economic and Property Damages Settlement.

We are not lawyers. We do not provide legal advice or legal representation, and nothing in connection with the services we deliver should be construed as our providing you with legal advice or legal representation. Any communications between you and us shall not be protected by attorney-client privilege. If you are seeking legal advice you should consult with a competent lawyer.