BP Claims Current Trends
BP Claims And BP
If You Google BP Claims you will see a paid ad from BP that reads: Visit BP’s Claims Page & Learn How To Make A Claim Without A Lawyer. If you haven`t figured it out by now, if they suggest you go left, you may want to strongly consider going right.
By this time many of you have tried to work out your BP Claim with the GCCF only to hear that your claim is UNDER REVIEW, or they NEED MORE DOCUMENTS, which then puts your claim at the bottom of the pile again, they often forget to tell you that. Many of you figured that the GCCF would deal with you in good faith, only to find out otherwise.
Simply put, they are stalling. The GCCF is allotted only 1.25 billion (from the 20 billion set aside) each quarter from BP – they spend it paying off as many “nuisance claims” as they can – and a few “high-maintenance” claims (which are usually represented by aggressive attorneys) – this is done in a few weeks, leaving them to stall again for the next two and a half months.
If you are a Business owner or an Individual, and counted on BP ” Making it Right” you may have a long wait. BP and the GCCF do not want you to take into consideration that you may have Multiple Claims, that the true extent of your losses may not be known in the time window they have given you to calculate your losses, when in fact the true extent of damage done and the long term effects on the economy, the environment, and your health won`t truly be known for years, how do you calculate that in your BP Claims.
BP Business Claims Example: Multiple BP Claims
The Attorneys that we work with are playing leading roles in the upcoming litigation in New Orleans. Plus, they have more experience holding BP accountable then any other law firms in the country, and have the support staff to make sure every Revenue Stream that you or your Business has coming in has been accounted for, and how the Oil Spill and the Stigma may affect your BP Claims.
For Example: a Seafood Restaurant in Grand Isle didn`t just lose customers because nobody was going out there, they also had a rise in seafood prices because product had to be shipped in.
If that same restaurant owned their building, that property greatly depreciated. That too was affected. Now lets go even further, and say that restaurant owned boats that would usually be used for fishing or shrimping, but instead were used in the Vessels of Opportunity program to help clean up the Spill, they couldn`t go fishing and sell the catch to other vendors, and the boats themselves were damaged in the clean up process.
Then you need to factor in how long all of these different events will affect your Business. The fact is nobody really knows, but a good rule of thumb is 3-5 years, barring any other occurrences.
This is an example of Multiple BP Business Claims.
BP Claims and Forensic Accountants
How do Attorneys figure the extent and types of damage that your Business incurred, Forensic Accountants.
Forensic Accountants specialize in looking at a business, taking all things into consideration and arriving at real number that covers your losses.
Do you think that BP or the GCCF are going to help you accurately take all of these different factors into consideration when you are working directly with them? They have no intention, or the resources to help you calculate how long you, or you Business will be affected for, not to mention the Multiple Claims the you may have. They have their BP Claims Methodology in place, who do you think that benefits.
The BP claims process has become adversarial, just think about this. After months of not paying out any interim or final claims, they came up with the Quick Pay, if your Business lost revenue from the spill and it looked like you had a good claim against them, they made blanket offers of 25k to all the businesses that were affected and individuals got a 5k offer.
When in fact many business owners and individuals lost so much more, they did this only after many months of not paying them anything, many took these Quick Pays just so they could keep the doors open a little longer or to pay overdue bills, but they also agreed not to sue BP. There is a strategy going on here, it is called Delay, Deny, Defend, commonly used by unscrupulous insurance companies, the way the GCCF is handling your BP Claims is no different.
BP Claims Experts on Your Side
The first thing to remember is that BP and the GCCF are by no means on your side, just look at their actions. Oil Spill Attorneys that have the proper resources in place, and truly want to protect their clients best interests are the best way to get the compensation you deserve from BP.
Seasoned Oil Spill Attorneys that understand the process, and are respected in their field and are able to get the GCCF and BP`s attention.
Already some of the Attorneys we work with have been asked to consolidate their cases into blocks so that the GCCF can settle their whole case load or blocks of their case load. Why, because they know these Attorneys mean business, and BP does not want to go into litigation against them. While other Attorneys have gotten claims paid within 2 months.
What does this mean for you, it means that you will have BP Claims Experts on your side, we have seen people who initially thought their claim was only worth 10k walk away with more then 60k.
If your claim is settled in a block of claims you don`t have to accept the offer, this is why it is not a BP class action. Your claim is still going through the BP Claims Process after it has been thoroughly investigated and maximized. Finally, if a BP settlement can not be reached it will move to litigation, where an Expert Attorney who knows Oil Spill litigation will fight for your Rights.
All this being said there is an old adage ” Never bring a Knife to a Gun Fight” I am proud to say that we do have the Biggest Guns for this Fight. The Dream Team of Attorneys we have connected with, will do their best to get your BP Claims paid.