South Florida Businesses Should Prepare for BP Oil Spill Claims

With the news today that the Deepwater Horizon oil 
spill catastrophe is threatening to affect the coastal2. Be Informed and Know the Facts - Many business
areas of the Florida Panhandle, it is time the rest ofowners have taken a "wait and see" approach. This
Florida's businesses take a hard look at whether theirmay work in the short term, but it is better to stay
business will be affected by the oil spill. Estimates ofon top of your rights, and the appropriate time
how much oil continues to spew into the ocean rangeframe to make a claim. Attorney Joseph M. Maus
wildly from BP's estimate of 5,000 barrels of oil, tosays that oil spill attorneys are offering a "consulting
other estimates of up to 70,000 barrels of oil peragreement" to keep business owners, and trade
day.organizations up to date on the BP Oil Spill litigation
 and claims process. BP is already working to gain a
Once this oil slick hits the gulfstream, it in only afavorable jurisdiction in Texas to process most claims.
matter of time before it continues around the lowerBP has also already attempted to limit the amount of
part of the State of Florida and starts to have aits liability based upon a decades old maritime law.
negative effect on businesses already struggling toAttorney Maus says failing to stay informed, and
survive. Lloyd's of London has estimated that netrepresented, could allow BP to corral many
claims from the Deepwater Horizon explosion in theunsuspecting businesses into a legal venue that is not
Gulf of Mexico currently stand between $300 millionfavorable to a Florida business.
and $600 million. The damage caused by this disaster 
is predicted to go far into the billions of dollars.3. Know the Laws that Apply - Claims arising out of
It is easy to see how fisherman that make a livingthe BP oil disaster are going to be processes through
off fishing in the Gulf of Mexico will be affected. Thea complex maze of state and federal laws. One of
same could be said for the hotel industry, and otherthe most comprehensive laws that will apply is the
businesses closely tied to the Panhandle and Gulf ofFederal Oil Pollution Act. This Act imposes "strict
Mexico. BP has even set up claims offices throughoutliability" on a "responsible party" that discharges oil
the Panhandle in Pensacola, Gulf Breeze, Fort Waltoninto the water and causes damage. However, this
Beach, Crawfordville, Apalachicola, Port St. Joe, andlaw also includes damage caps (sometimes only
Panama City Beach. However, there have been no$75,000,000), presuit requirements, and time
BP Claims Centers opened in the Central Gulf Coast,limitations. Other state and/or federal laws may apply
or in South Florida despite numerous and continuedwhich also have damages caps, presuit requirements
reports that indicate the giant oil slick is coming ourand additional time limitations.
way. 
 The Oil Spill legal process is already moving at an
South Florida attorney Joseph M. Maus says that oilincredible rate. The fighting has begun over what
spill legal issues are already being determined byvenue claims will be handled in, which laws will apply,
companies and groups that have filed early claimswhether there will be damages caps, what the time
against BP. If you wait too long, the manner in whichlimitations will be , and may other critical issues that
a claim can be made will have already been decided,will have a direct impact on any claim you may want
and many of the issues which affect your claim, andto make. BP has an incredible amount to lose in the
the amount you can recover, may have been decideclaims process and they already have an army of
too. There are a few things you can do now tolawyers attempting to shape the way your claim is
understand and maximize any claims you may havegoing to be handled.
for your business: 
 Attorney Joseph M. Maus recommends entering into
1. Don't be shortsighted - virtually every business ina consulting agreement with an attorney now to
South Florida has the potential to be affected by thisensure your rights are protected. The consulting
disaster. Tourism, the lifeblood of South Florida'agreement does not bind you into making a claim
economy, supports not only those directly involved indown the road, but it keeps you informed about the
hotels, attractions, beaches and travel, if indirectlyclaims process so that when you start to see an
supports almost every business in South Florida - theaffect on your business, you'll know how best to
restaurant industry, the real estate industry,proceed, and you will not miss and presuit deadlines.
manufacturing, marinas and supply businesses. TakeAttorney Maus recommends a consulting agreement
the time now to assess your business and itsfor all business that will be affected by the spill -
revenue. The full brunt of this Oil disaster may not befrom marinas and businesses in the yachting industry,
felt by your business for 6-12 months, or longer. And,to the rental car and hotel industry, fishing
it could affect your business for many years tobusinesses, restaurant trade groups, and anybody
come.that relies on tourists for their business.