Sunday, October 27, 2013

How To Prepare Your BP Oil Spill Claim Forms


by Matthew Bennett


There are many industries that were affected by BP oil spill, otherwise known as Deepwater Horizon spill, which killed eleven workers with over 25,000 barrels of oil spilled in to the Gulf of Mexico. This led many industries that directly or indirectly relied on the Gulf as part of their business to search for compensation through a BP oil spill claim. Some of the affected industries include, but are not limited to, oil drilling, tourism and fishing.

To ensure that those affected are compensated, the multinational came up with a compensation program that entails the process of completing the BP oil spill claim forms which an easy process given the urgency of settlement. All you have to do is obtain all the required paperwork that serves as proof or evidence of your losses. The BP oil spill claim simply addresses loss in earnings, income and also salaries, among others.

As a business person, you need also to prepare your loss and profit statements for the year, and for employees, a W-2 for the year 2009 is required. In case you are not sure where to start with completing BP oil spill claim forms, simply keep reading.

To simplify the process, it is possible to begin the BP oil spill claim forms process online. You will just need to answer a few standard queries such as some private information, your name, address and profession amongst others. In scenarios where property had been destroyed through the oil spill, the BP oil spill claim features a provision to add the details about your property too.

Once your BP oil spill claim forms are correctly filled, you are required to submit the same to the claims office and they contact you within 48 hours from the time they are submitted. The aim of contacting you is discuss the interim payments. The limit depends on the amount of damages incurred for the business or employees.

Once your eligibility for a BP oil spill claim is verified, the BP claims office will let you know the details for collecting your initial payments. Depending on where you live, you can access these BP has claims centers in Mississippi, Florida and Alabama. Once your interim BP Oil Spill Claim is paid, BP investigators will contact you to ascertain the final compensation amounts.

In order to help the BP investigators, you need to give them the full details of your business or employment status before and after the tragedy. The questions asked are intended to help them determine the right BP oil spill claim compensation and are not meant to intimidate the claimant. This also affords them the opportunity to assess your property professionally.




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