Helping businesses, nonprofits, and individuals optimize BP Deepwater Horizon claims

The explosion of the Deepwater Horizon oil rig in 2010 affected the entire Gulf region.

53,000 barrels of oil per day poured into the Gulf of Mexico.

The economic impact

was far reaching.

In April 2012, BP agreed to a $7.8 billion settlement.

The Settlement provides relief for the entire Gulf region.

• All counties in Alabama • All parishes in Louisiana • All counties in Mississippi

• 30 counties-Gulf Coast of Florida • 4 counties-Gulf Coast of Texas

Businesses, nonprofits, and individuals located in the following counties may be eligible:

Alabama All counties eligible

Louisiana All parishes eligible

Mississippi All counties eligible

Florida 30 Gulf Coast counties are eligible

Texas 4 coastal counties eligible

Alabama All counties eligible

Louisiana All parishes eligible

Mississippi All counties eligible

Florida •30 counties eligible

Texas •4 counties eligible

The Settlement Overview

• Generally, all businesses, nonprofits, and individuals located within the Gulf Coast area are eligible to participate in the claim.

• Economic damages can be claimed if you lived, worked, or owned a business in Alabama, Louisiana, or Mississippi.

• Certain coastal areas in Texas and Florida are also eligible.

The Settlement Economic Loss Zones

• Four geographic zones (Economic Loss Zones) determine eligibility to file a claim.

• Zone A is automatically presumed by the courts to have established causation.

• Zones B, C, and D can demonstrate causation using a financial formula.

5 States in the Gulf Coast Region are Eligible

Zone A is presumed by the courts to have established causation. Zones B, C, and D must demonstrate causation using a financial formula.

The Settlement Causation

• In legal terms, “causation” means liability, or the same as saying that one is at fault and responsible for the damage.

• The BP settlement is unique in that individuals and businesses with claims (claimants) are not required to prove that their economic or property damage was “caused” by the oil spill.

• In the case of Zone A, the courts have presumed “causation” based on the location of either the property or the claimant.

• For Zones B,C, and D, “causation” can be demonstrated by a financial formula.

• Once you have established “causation,” you are eligible for a claim.

•Alabama •Louisiana •Mississippi •Florida •Texas

The Settlement Claim Calculation

• Once “causation” is established, the amount of economic loss is determined by calculating variable profit lost during the oil spill period.

• Variable profit refers to revenues less variable costs. • Monthly variable profits are compared to a historical

benchmark to determine the amount of economic loss.

• The settlement pays for lost variable profits and includes a growth factor and a risk transfer premium (RTP).

• The RTP is a multiplier applied to the economic loss based on the zone and industry in which the business operates.

Almost all types of businesses, nonprofits, and individuals qualify.

• In summary, if you lived, worked, or operated a business or nonprofit in an Economic Loss Zone and,

• You experienced a decline in revenue or income, or even if you didn’t experience a decline, you may qualify.

• You don’t have to have lived or worked on or near the coast.

• You don’t have to prove direct harm from the oil spill.

HOSPITALITY Hotels, Motels, Spas Country Clubs Catering Companies Banquet Halls Taxi Cabs

FOOD SERVICE Restaurants Bars Fast Food Ice Cream Shops Coffee Shops

FISHING INDUSTRY Suppliers/Vendors Warehousing

NONPROFIT ORGANIZATIONS Churches Temples Mosques Other Religious Institutions nonprofit Organizations •Rescue Missions •Crisis Centers •Rehabilitation Facilities

Food & Specialty Retailers

RETAIL Convenience Grocery Liquor, Cigars Candy Clothing Gifts Florists Electronics

RETAIL AUTO Gas Stations Car Washes Auto Repair Oil Service Tire & Battery

RETAIL SERVICES Barbers, Hair and Nail Salons Photo Studios Shipping Companies Laundromats & Dry Cleaners

BUSINESS SERVICES Accounting Firms Consulting Firms Law Firms Realtors Holding and Security Management Telecommunications

CONSTRUCTION Contractors Building Suppliers

PRIVATE SCHOOLS Private Schools Private Colleges Private Pre-Schools Child Care

Tourism

TOURISM RV Parks Travel Agencies Bars, Night Clubs and Sports and Water Sports Rentals Boat Tours and Charter Boats Marinas Rental Properties Resorts and Timeshares

Farmers

AGRICULTURE

TRANSPORTATION

MANUFACTURING

Many business owners and nonprofits don’t realize they qualify.

If you lived/worked in the area and experienced a financial decline, you may qualify.

And even if you didn’t experience a decline, you may still qualify.

Class action settlements are complicated.

The settlement agreement is over 1,000 pages.

Take the hassle out of filing your class action claim.

We have an experienced staff ready to help you.

No upfront fees

No out of pocket costs

We don’t get paid until you do.

180,000 satisfied customers

Serving the US since 1999

$240 million recovered funds

Experience

matters.

Helping businesses, nonprofits, and individuals optimize BP Deepwater Horizon claims

Call us today 1-888-404-1395

Visit our website and download a free eBook on the BP settlement. www.claimscomp.com