The massive oil spill in the Gulf of Mexico can easily be considered as the most devastating ecological catastrophe. Hundreds of thousands of people have suffered due to this event, and many of them have to rethink the way they have been doing their businesses.

However, if you are one of the victims, you may want to file a claim to receive some compensation for your losses. But it is crucial to mention that if you are interested in filing BP oil spill claims, you need to pay special attention to detailed recordkeeping. It doesn\’t matter if you are a commercial fisherman, a rental management group, or a hotel owner, you have to keep track of your damages.

Basically, there are three categories of damages.

1. Extra expenses
2. Lost profits
3. Diminished value of your property or business

Now, if you want your claim to be successful, it is essential to calculate and document these damages in an accurate way. Here, you need to maintain a record of following information.

1. You need to ensure that you keep a record of financial statements and tax returns for the last five years. It\’s really important, as you will be asked to show proof that you are a tax payer.

2. When going for a BP oil claim with the Gulf Coast Claims Facility, you need to have a record of money spent to deal with the adverse effects of the oil spill. This includes any increase in the cost involved in making people know that beaches are safe, any preparations to keep people safe, and any type of discount you offered do to the oil spill. In other words, you need complete information and proof of any money spent doing something that would not be required if no oil spill would have taken place.

3. You need to provide information about cancellations that should also include the number of cancellations along with the reasons for cancellations.

4. If there is any change in the employee status due to the oil spill event, you have to mention it when filing for your BP oil spill claims. The information about the reduction in employee pay, reductions in the number of employees, and other costs concerning employees should also be provided.

5. Don\’t forget to provide information about the previous property valuations and appraisals.

6. You may also be compensated for anything you did to keep your losses to the minimum. It is important that you prove that you did something to mitigate damages caused by the oil spill.

7. It is also important to have some pictures or videos to show the difference in your property before and after the arriving oil.

Some information about all these points is essential, but since these categories of damages are not comprehensive, it is a good idea to hire an attorney or law firm so that they may engage in some skilled economists and accountants to get an idea about your total damages. Do not let this go without seeking the proper help and authorities – they could possibly save your life.

Author Bio: Jason Bacot – Are you looking for more information on BP Claims and need some help for your own Gulf Coast Claims? Then I suggest you check us out online at BPClaims.com immediately. We could possibly save your life.

Category: Legal
Keywords: bp claims, oil spill claims, gulf coast claims, gulf coast claims facility, bp oil spill claims